JUST IN: The second largest bank in the UAE, Emirates NBD, has officially stated that bitcoin is being considered as "digital gold".

This opinion reflects the growing recognition of BTC as a safe-haven asset and a means of preserving value in the Middle East region. Essentially, the bank acknowledges that bitcoin can serve functions similar to gold: limited issuance, high liquidity, and long-term value.

For investors, this could mean increased confidence from institutional players in BTC and potential growth in interest in the cryptocurrency market in the UAE and region.

Audience question: do you believe that such statements from major banks will accelerate institutional adoption of bitcoin, or will the impact be more symbolic?

#Bitcoin #Crypto #DigitalGold $BTC #InstitutionalAdoption

BTCUSDT

Perp

65,852.2

-2.00%