Emirates nbd, a major bank in the uae, is reportedly considering adding bitcoin to its investment portfolio. this signals growing institutional adoption and acceptance of bitcoin as a strategic asset, potentially increasing demand and driving price appreciation.
The news originates from comments made by the group chief investment officer (cio) of emirates nbd during a cnbc squawk box appearance, as reported by a crypto market commentator and verified by the news source's editorial standards. the bank's asset management division overseeing $16 billion adds credibility to the potential impact.
The cio views bitcoin as 'digital gold' and a store of value, highlighting its security, limited supply, and low inflation rate. the potential for a $100,000 price target within 12 months, coupled with the bank's diversification strategy, suggests a positive outlook on btc's future price.
While the integration is under review and no final decision has been made, the long-term strategic implications of a major financial institution considering bitcoin for its portfolio are significant. the $100,000 price projection also points to a longer-term outlook.
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. In a sign of the growing convergence between traditional finance and digital assets, Emirates NBD is reportedly exploring the addition of Bitcoin to its investment portfolio. The development reflects a broader shift in institutional strategy, as major financial institutions increasingly recognize BTC’s potential role in portfolio diversification, inflation hedging, and long-term value preservation. Why Emirates NBD Is Exploring Bitcoin Integration Emirates NBD, one of the largest banks in the United Arab Emirates but frequently described as the UAE’s second-largest bank, is actively evaluating whether to add Bitcoin to its investment portfolio. Crypto market commentator MartyParty has mentioned on X that the news stems directly from comments by Maurice Gravier, the Group Chief Investment Officer (CIO) at Emirates NBD, during an appearance on CNBC Squawk Box. Related Reading Bitcoin Emerges As Strategic Asset In Emirates NBD Investment Plans 1 minute ago Gravier’s key points were viewing BTC as digital gold and framing it primarily as a store of value rather than merely an alternative currency. He noted that Bitcoin has matured significantly, citing its proof-of-work security model, limited supply , and structurally low inflation rate as attributes that enhance its appeal to institutional investors. Furthermore, Gravier has suggested that BTC’s current valuation appears more attractive compared to six months ago, when the price was considered relatively high. According to MartyParty’s summary, the bank has an internet model, and indicates that BTC could reasonably approach the $100,000 range within the next 12 months. However, the projections are still being refined. The Emirates NBD’s bank asset management division reportedly oversees approximately $16 billion in assets, and any potential allocation would be limited in size and used for diversification purposes. Nonetheless, with no final decision or execution, it is still under review amid ongoing market volatility . This consideration has highlighted a growing institutional interest in BTC across traditional finance in the Middle East. How Businesses Are Using BTC Payments At Scale While individuals are focused on Bitcoin dropping to $63,000, with the price down 50% from its high, a major milestone in its underlying network activity last week has largely gone unnoticed. Crypto analyst Fernando Nikolić pointed out that the Lightning Network surpassed $1 billion in monthly transaction volume for the first time, reaching approximately $1.17 billion across 5.2 million transactions in November. Related Reading Bullish Signal? Coinbase Bitcoin Premium Turns Positive After Months In Red 1 day ago The data shows that the average transaction size nearly doubled year-over-year from $118 to $223, indicating that this is not just micropayment experimentation. Nikolić believes that businesses are using it, and exchanges are moving real money through it. In other words, its actual usage as a payment network just hit an all-time high. In his view, both realities can coexist and underscore a broader disconnect between market narratives and underlying network fundamentals. Also, Nikolić noted that the adoption milestone has received relatively little attention because it challenges the dominant bearish storyline surrounding the BTC price action. BTC trading at $65,506 on the 1D chart | Source: BTCUSDT on Tradingview.com Featured image from Peakpx, chart from Tradingview.com