Brazil’s largest privately owned asset manager, Itaú Asset Management, has advised investors to allocate 1% to 3% of their portfolios to bitcoin.
In a year-end note, the firm cited bitcoin’s low correlation with traditional assets and its potential as a hedge against currency depreciation.
The recommendation echoes similar guidance from global players like BlackRock and Bank of America.
Itaú emphasized a disciplined, long-term approach, positioning bitcoin as a complementary asset rather than a core holding amid ongoing market volatility.
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