PANews
PANews|Feb 24, 2026 11:47
[Emirates NBD Opens Possibility of Bitcoin Allocation in Investment Processes] Executives at Emirates NBD stated in an interview with CNBC that the bank has opened the possibility of allocating Bitcoin in its investment processes, viewing it as a store of value and 'digital gold.' They recognize its proof-of-work mechanism, limited supply, and low inflation characteristics. The executive candidly noted that Bitcoin's current valuation is more attractive compared to six months ago, when its price was too expensive. He revealed that the bank's internal fair value model indicates that Bitcoin's reasonable price within 12 months could approach $100,000, though the model is still being refined. He also mentioned that the bank has not yet implemented Bitcoin allocation, but if it is included in the future investment portfolio, it will be allocated in limited proportions. The reason is that Bitcoin is correlated with market risk appetite and exhibits significant volatility, while the bank prioritizes portfolio diversification.
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