Emirates NBD, one of the largest banks in the United Arab Emirates, is actively considering adding Bitcoin to its investment portfolio, as articulated by Maurice Gravier, the bank’s Group Chief Investment Officer, in a CNBC interview. Gravier views Bitcoin as “digital gold,” emphasizing its potential as a store of value due to its proof-of-work security, limited supply, and low inflation. This move aligns with the broader regional trend of UAE banks exploring digital assets, supported by the country’s progressive government policies aimed at fostering blockchain technology adoption. Although no definitive decision has been made, the bank’s consideration reflects the growing institutional interest in Bitcoin within the Middle East’s traditional finance sector.
Emirates NBD considers Bitcoin for $16B asset portfolio
