Emirates NBD is exploring the possibility of incorporating Bitcoin into its investment processes, viewing it as a store of value and 'digital gold.' According to Odaily, a bank executive highlighted Bitcoin's proof-of-work mechanism, limited supply, and low inflation characteristics as appealing factors. The executive noted that Bitcoin's current valuation is more attractive compared to six months ago when it was deemed too expensive. The bank's internal fair value model suggests that Bitcoin's reasonable price could approach $100,000 within 12 months, although the model is still being refined. While the bank has not yet finalized Bitcoin allocation, it plans to adopt a limited proportion if included in its investment portfolio. This cautious approach is due to Bitcoin's correlation with market risk appetite and its significant volatility, as the bank aims for diversified investment portfolios.