Overview
- Group CIO Maurice Gravier told CNBC the bank is evaluating Bitcoin for balanced portfolios in a 0.5% to 1% range, with no purchase decided yet.
- Emirates NBD’s internal models estimate Bitcoin’s 12‑month fair value near $100,000, a view presented as an outlook under review rather than a commitment.
- The bank is focusing exclusively on Bitcoin as a monetary asset and is not considering other networks for this potential allocation.
- Sizing remains uncertain: the asset management arm reportedly oversees about $16 billion, while a hypothetical 0.5% applied to the $272 billion balance sheet would exceed $1 billion.
- Separately, analyst reports say the Lightning Network topped $1 billion in monthly volume in November, pointing to growing payment usage even as price volatility persists.