Saudi Arabian investment firm Kingdom Holding, led by Prince Alwaleed Bin Talal, has stated that it has no plans to invest in cryptocurrency due to its lack of adoption as a payment method. The firm holds approximately $13.6 billion in assets, diversified across various industries. The prince, known for his value investing approach, has consistently avoided cryptocurrency and supports Warren Buffet's view that one should not invest in assets they cannot use as a medium of exchange. Despite rumors, the Saudi royal family has not indicated any intentions to invest in cryptocurrencies. In 2017, Prince Alwaleed stated his belief that bitcoin would eventually "implode."



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