"Bitcoin Looks Cheap Next To Gold" & Crypto Influencer Praises Dubai's Growth

Happy Friday everyone!

Dubai’s crypto scene is buzzing — and so is the global market. In this Smashi Crypto roundup, we dive into JPMorgan’s bold $170K Bitcoin valuation, shifting investor sentiment after BTC’s recent dip below $100K, and Dubai’s unstoppable growth that continues to draw top crypto talent and capital. From institutional flows to influencer insights, this edition unpacks the trends shaping digital finance’s next chapter — and why the UAE remains at the heart of it all.

Before moving on, follow us on Instagram and X so stay updated about Blockchain & Crypto News in the Middle East and North Africa.

Social media influencer Hussain Sajwani highlighted Dubai’s surging traffic, saying it reflects the city’s booming population despite rapid infrastructure expansion by the RTA. He called Dubai a “heaven” — citing its tax-free environment, safety, and world-class amenities.

The post underscores Dubai’s ongoing transformation into a global magnet for talent and investment. Crypto influencer Alex echoed the sentiment, noting Dubai’s rapid rise since 2020 and recalling skeptics who doubted its real estate market back in 2018.

As Dubai continues attracting global entrepreneurs and crypto investors like Alex — who shifted his focus fully to digital assets — the city’s momentum shows no signs of slowing, positioning it as a future capital for innovation, wealth, and digital finance.

Binance, is set to host its flagship event, Binance Blockchain Week, at the Coca-Cola Arena in Dubai on December 3rd and 4th.

The 2025 edition will unite leading voices from the global Web3 and blockchain ecosystem, celebrating milestones and exploring the next phase of the industry’s evolution. The conference promises an impressive lineup of keynote speakers, covering exchanges, smart contracts, education, investment, and regulation, reflecting Binance’s growing global influence.

Confirmed speakers include Michael Saylor, Executive Chairman of Strategy, making his first UAE crypto appearance; Brad Garlinghouse, CEO of Ripple; Lily Liu, President of the Solana Foundation; Raoul Pal, Co-Founder and CEO of Real Vision; and CZ, Founder of Giggle Academy, BNB Chain, and Co-Founder of Binance and many more. In addition to the esteemed lineup, Binance Blockchain Week will also feature key leaders from Binance, including Yi He, Co-Founder; Richard Teng, Chief Executive Officer; Rachel Conlan, Chief Marketing Officer; and Catherine Chen, Head of Binance VIP & Institutional.”

Binance Blockchain Week represents the pinnacle of the brand’s 1,500 global events, bringing together opinion leaders, builders, regulators, and community members to shape the future of Web3. Returning to Dubai for a second year, the city continues to establish itself as a global hub for blockchain innovation, supported by a progressive regulatory landscape and thriving tech ecosystem.

JPMorgan analysts say Bitcoin is undervalued compared to gold when adjusted for volatility. With gold’s recent rally increasing its risk profile, Bitcoin appears more attractive. The bank estimates BTC’s fair value at around $170,000 — about 67% higher than current levels.

The forecast comes as Bitcoin slips below $100,000 for the first time in four months, triggering market unease. While gold volatility rises, JPMorgan’s analysis suggests Bitcoin could outperform as investors seek risk-adjusted returns amid shifting macro conditions.

Despite JPMorgan’s bullish outlook, other analysts have cut forecasts, citing weaker liquidity and institutional rotation. Galaxy Digital now sees BTC at $120,000 by end-2025, warning of slower growth as ETFs absorb market demand in Bitcoin’s “maturity era.”

Instagram | Podeo | X | Spotify | Apple