Brazil’s Largest Asset Manager Recommends Investors Put Up to 3% of their Money in Bitcoin to Hedge Against FX, Market Shocks

Itaú Asset Management, Brazil's largest privately-owned asset manager, has advised investors to allocate between 1% and 3% of their portfolios to Bitcoin. Renato Eid, head of beta strategies at the firm, stated that Bitcoin's low correlation with traditional local assets makes it a valuable diversification tool, capable of absorbing shocks from currency depreciation and global volatility. This recommendation aligns with similar suggestions from other major firms like Bank of America (up to 4%) and BlackRock (2%). Eid stressed a measured, long-term approach, emphasizing that crypto should be a complementary component, not the core of a portfolio, urging investors to maintain discipline and resist reacting to short-term market noise.

(Source：CoinDesk)