BBVA recommends high net worth clients to allocate 3% to 7% of their portfolio to cryptocurrencies

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According to Reuters, Spain's second-largest bank BBVA stated that its private banking will begin offering Bitcoin investment advice to high-net-worth clients starting from September 2024, currently recommending that clients allocate 3% to 7% of their investment portfolio to cryptocurrencies based on their risk appetite. Philippe Meyer, Head of Digital and Blockchain Solutions at BBVA Switzerland, said at the DigiAssets conference in London that the recommendation currently applies to Bitcoin and Ethereum, with plans to cover more crypto assets in the future.

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