One of the largest banks in the UAE, Emirates NBD (National Bank of the United Arab Emirates), Group Chief Investment Officer Maurice Gravier, stated in an interview with CNBC that the bank views Bitcoin as "digital gold" and is exploring the possibility of including BTC in its investment portfolio. However, he pointed out that given the ongoing market volatility, it remains challenging to accurately value Bitcoin. He also mentioned that Bitcoin's positioning has evolved from being initially seen as an alternative currency to gradually becoming a store of value.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
One of the largest banks in the UAE, Emirates NBD (National Bank of the United Arab Emirates), Group Chief Investment Officer Maurice Gravier, stated in an interview with CNBC that the bank views Bitcoin as "digital gold" and is exploring the possibility of including BTC in its investment portfolio. However, he pointed out that given the ongoing market volatility, it remains challenging to accurately value Bitcoin. He also mentioned that Bitcoin's positioning has evolved from being initially seen as an alternative currency to gradually becoming a store of value.