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Spanish Bank BBVA Advises Up to 7% Bitcoin Portfolio for Wealthy Clients

  • Spanish bank BBVA is advising its affluent Swiss private banking clients to allocate between 3% and 7% of their investment portfolios to cryptocurrencies like Bitcoin and Ethereum.
  • BBVA believes that a small allocation to crypto can enhance portfolio performance without exposing investors to excessive risk.
  • The bank started guiding clients towards crypto investments in 2024, with an option for clients to have up to 7% of their portfolio allocated to digital assets.
  • BBVA's move indicates a changing attitude among major financial institutions towards digital currencies, moving away from considering them a risky asset to be avoided.
  • While most banks are still wary of cryptocurrencies due to their speculative nature, BBVA's proactive recommendation could pave the way for increased mainstream adoption of crypto assets.

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