Emirates NBD eyes Bitcoin as digital gold for portfolio
7 Investments Emirates NBD is considering a 1% Bitcoin allocation, viewing it as “digital gold.” The bank’s models suggest Bitcoin could reach $100,000 in 12 months, but it remains cautious due to volatility.
Emirates NBD, one of the UAE’s largest banks, is actively exploring the inclusion of Bitcoin in its investment portfolio. The bank describes Bitcoin as a store of value and refers to it as “digital gold.” Executives have highlighted Bitcoin’s capped supply, low inflation, and proof-of-work mechanism as key factors supporting its store-of-value proposition. Internal financial models at Emirates NBD estimate that Bitcoin’s fair value could reach $100,000 within the next 12 months, although these projections are still being refined. The bank is considering a potential 1% allocation to Bitcoin, reflecting growing institutional confidence in the asset’s long-term potential. While no formal allocation has been confirmed, Emirates NBD has established internal mechanisms to facilitate Bitcoin exposure. The bank is proceeding cautiously due to Bitcoin’s volatility and its correlation with broader market risk appetite. This move aligns Emirates NBD with a global trend of institutional adoption of digital assets.
