UAE’s Second-Largest Bank Calls Bitcoin “Digital Gold,” Signals Major Shift in Institutional Crypto View

The second-largest bank in the United Arab Emirates has referred to Bitcoin as “digital gold,” indicating a significant transformation in the way institutional investors perceive cryptocurrencies. This statement reflects a growing acceptance within the financial sector of Bitcoin's value and potential as a stable asset comparable to traditional forms of gold. Such a shift suggests that more financial institutions may be recognizing the role of cryptocurrencies in the modern financial landscape, which could lead to increased investment and integration of digital currencies into mainstream financial practices. source: https://blocknews.com/uaes-second-largest-bank-calls-bitcoin-digital-gold-signals-major-shift-in-institutional-crypto-view/