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

CoinNetwork · 2026-02-24T14:19:21+00:00

An executive at the National Bank of the United Arab Emirates stated that the bank is considering including Bitcoin as part of its investment portfolio, viewing it as a store of value and recognizing its characteristics. Bitcoin's valuation is more attractive compared to six months ago, with a reasonable price expectation approaching $100,000. A limited allocation is planned in the future to achieve investment diversification.

CoinNetwork

2026-02-24 14:19:21

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CoinWorld News, February 24 — An executive from Emirates NBD, the United Arab Emirates’ national bank, said in an interview with CNBC that the bank has opened 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 stated directly that Bitcoin’s current valuation is more attractive than six months ago, as its price was too expensive 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, and the bank is still refining the model. He also mentioned that the bank has not yet finalized Bitcoin allocation but would adopt a limited proportion if included in the future investment portfolio. The reason is that Bitcoin is correlated with market risk appetite and exhibits high volatility, and the bank aims for portfolio diversification.

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