As a seasoned crypto investor with over a decade of experience in this dynamic industry, I find the recent move by the National Bank of Bahrain (NBB) to launch the GCC’s first Bitcoin-linked Structured investment incredibly exciting! Being an early adopter myself, I’ve witnessed the evolution of digital currencies from a niche concept to a global phenomenon.
In collaboration with APR Digital, The National Bank of Bahrain (NBB) has initiated the Gulf Cooperation Council’s (GCC) initial Structured investment linked to Bitcoin. This fund offers accredited investors an opportunity to invest in the prominent cryptocurrency. Furthermore, this move significantly accelerates Bitcoin adoption within the country as Bahrain currently ranks among the countries with the highest Bitcoin holdings.
National Bank Of Bahrain Launches Bitcoin Fund
In the GCC region, which includes countries such as Kuwait, Oman, Qatar, Saudi Arabia, the United Arab Emirates, and Bahrain, the NBB has unveiled the first Bitcoin investment fund. As per an IBS intelligence report, this fund is created to offer accredited investors an opportunity to invest in Bitcoin (BTC), serving as a protective measure against the depreciation of traditional currencies.
Regarding this progression, Hisham AlKurdi, the Head of Market and Client Solutions at the National Bank of Bahrain, commented on the subject.
We’re excited to unveil this custom-made investment plan, which combines the allure of digital asset investments with the peace of mind that comes from capital safeguarding. This offering highlights our commitment to providing our wealth management clients with cutting-edge and secure methods for diversifying their portfolios in a rapidly changing financial world. It serves as a demonstration of NBB’s ongoing leadership in financial innovation within our region.
Launching this Bitcoin investment fund coincides with the National Bank of Bahrain’s strategy to expand its services, particularly investment options with high-growth prospects, for its affluent clients. The bank views Bitcoin as a currency with significant growth potential, even going so far as to envision it as the world’s most valued currency in the future.
Read More
- USD PHP PREDICTION
- LUNC PREDICTION. LUNC cryptocurrency
- SOL PREDICTION. SOL cryptocurrency
- AKRO PREDICTION. AKRO cryptocurrency
- XRP PREDICTION. XRP cryptocurrency
- W PREDICTION. W cryptocurrency
- WILD PREDICTION. WILD cryptocurrency
- GBP JPY PREDICTION
- AAVE PREDICTION. AAVE cryptocurrency
- ASTR PREDICTION. ASTR cryptocurrency
2024-10-07 17:30