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BULLISH 📈 : Emirates NBD considers adding Bitcoin to investment portfolio
Emirates NBD, a major UAE bank, is exploring the integration of Bitcoin into its investment portfolio. This reflects a broader institutional shift recognizing BTC's potential for diversification, inflation hedging, and long-term value preservation.
Key Points on Bitcoin Integration
- Maurice Gravier, Emirates NBD's CIO, regards BTC as digital gold and a store of value.
- Cited Bitcoin's maturity, security model, limited supply, and low inflation rate as appealing factors.
- BTC's valuation appears more attractive now compared to six months ago.
- The bank oversees approximately $16 billion in assets; any allocation would be small and for diversification.
- No final decision yet due to ongoing market volatility.
Bitcoin Payments and Network Activity
- The Lightning Network surpassed $1 billion in monthly transaction volume, with 5.2 million transactions.
- Average transaction size increased from $118 to $223 year-over-year.
- The increase suggests real-world business use and significant network adoption.
- This milestone contrasts with current bearish market narratives about BTC price action.