Dubai state bank Emirates NBD considers adding BTC to portfolio

Dubai's state-owned bank, Emirates NBD, announced it is considering adding Bitcoin to its investment portfolio. In an interview with CNBC, an Emirates NBD executive described Bitcoin as a store of value and said the bank is reviewing a potential 1% allocation to the asset in its portfolio. The executive added that BTC's current price is far more attractive than it was six months ago and that the bank's internal models project a fair value approaching $100,000 within the next 12 months.