The National Bank of the United Arab Emirates has opened the possibility of allocating Bitcoin in the investment process.

ZkProver · 2026-02-24T13:44:40+00:00

An executive at the National Bank of the United Arab Emirates stated that the bank may invest in Bitcoin, viewing it as digital gold and a store of value, and considers its current valuation more attractive. The bank expects Bitcoin's fair price to reach $100,000 within 12 months, but has not yet made a final decision on allocation ratio, as it is related to market risk appetite and high volatility.

ZkProver

2026-02-24 13:44:40

Abstract generation in progress

ChainCatcher News: Emirates NBD, a major bank in the United Arab Emirates, stated in an interview with CNBC that it has opened the possibility of allocating Bitcoin in its investment process. The bank views Bitcoin as a store of value and “digital gold,” recognizing its proof-of-work mechanism, limited supply, and low inflation characteristics.

The executive directly said that Bitcoin’s current valuation is more attractive than six months ago, as its price was too high six months ago. He revealed that the bank’s internal fair value model indicates that the reasonable price of Bitcoin within 12 months could approach $100,000. The bank is still refining this model.

He also mentioned that the bank has not yet finalized Bitcoin allocation, but if included in the future, it will be a limited proportion. The reason is that Bitcoin is correlated with market risk appetite and is highly volatile, and the bank aims for portfolio diversification.

BTC2,99%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.