PANews February 24 News, executives at Emirates NBD have stated 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 directly said 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 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.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
比特币回升突破 7.1 万美元，24 小时涨幅 1.66%
Gate News 消息，3 月 21 日，据某 CEX 行情数据，比特币回升突破 7.1 万美元，现报价 71,048 美元，24 小时涨幅 1.66%。
GateNews1m ago
BTC 突破 71000 USDT
Gate News bot 消息，Gate 行情显示，BTC 突破 71000 USDT，现价 71071.3 USDT。
CryptoRadar4m ago
Bitcoin mining difficulty dips 7.7% as miners endure pressure
Bitcoin’s mining difficulty shifted lower once more, declining by about 7.7% in the latest retarget to 133.79 trillion at block 941,472, according to CoinWarz data. The move follows a mid-March dip that pulled the metric from roughly 148 trillion to the current level, marking the sharpest drop
CryptoBreaking31m ago
Analyst Says XRP To $10 Is “Inevitable”; It Might Even Rival Bitcoin
Various analysts continue to drop price predictions across the crypto market, and XRP often finds itself at the center of those conversations. Some projections sound like wishful numbers, yet others attempt to tie their outlook to market structure, adoption, and long-term utility. We at
CaptainAltcoin41m ago
