Brazil’s largest private asset manager recommends allocating up to 3% of wealth to Bitcoin, signaling a significant shift in the traditional investment landscape towards digital assets.
Itau, Brazil’s largest private bank, advises clients to allocate 3% of their investment portfolios to Bitcoin, citing its low correlation with traditional assets and global nature.
Itaú Asset Management recommends a 1-3% allocation to Bitcoin, citing uncorrelated returns and potential for growth. This move is seen as a significant step towards institutional adoption, which could drive the price higher.