Bank of America Recommends 1%–4% Crypto Allocation for Wealth Clients as Bitcoin ETFs Gain Traction — Here Is Why Wall Street Is Finally Leaning In

Bank of America has recently advised its wealth management clients to consider allocating between 1% and 4% of their investment portfolios to cryptocurrencies. This recommendation aligns with the increasing popularity and acceptance of Bitcoin exchange-traded funds (ETFs), which have been gaining significant traction in the financial markets. The shift in perspective from Wall Street, indicating a newfound willingness to embrace digital assets, is influenced by various factors, including the growing institutional interest in cryptocurrencies, advancements in regulatory clarity, and the potential for diversification and hedging against inflation that these digital currencies may offer. As the cryptocurrency market continues to evolve and mature, financial institutions like Bank of America are beginning to recognize the potential benefits of including crypto investments as part of a comprehensive wealth management strategy. source: https://blocknews.com/bank-of-america-recommends-crypto-allocation-for-wealth-clients-as-bitcoin-etfs-gain-traction-here-is-why-wall-street-is-finally-leaning-in/