Emirates NBD has opened up the possibility of allocating Bitcoin within its investment processes.
TechFlame
2026-02-24 11:47
TechFlame2026-02-24 11:47
English
TechFlame News: An executive from Emirates NBD stated in an interview with CNBC that the bank has opened up the possibility of allocating Bitcoin in its investment process, viewing it as a store of value and "digital gold," and recognizing its proof-of-work mechanism, limited supply, and low inflation characteristics. The executive noted that Bitcoin's current valuation is more attractive than it was six months ago, when its price was too high. He revealed that the bank's internal fair value model suggests a reasonable price for Bitcoin within the next 12 months could approach $100,000, and the bank is still refining the model. He also mentioned that the bank has not yet finalized Bitcoin allocation, but if it is included in the investment portfolio in the future, it will be allocated in a limited proportion. The reason is that Bitcoin is correlated with market risk appetite and exhibits high volatility, while the bank aims for portfolio diversification.