Brazil’s Largest Private Bank Advises 3% Bitcoin Allocation For Clients

Itaú Unibanco Holding SA, Latin America's largest private bank, has advised its clients to allocate between 1% and 3% of their portfolios to Bitcoin by 2026. The bank views Bitcoin not primarily as a speculative asset, but as a crucial hedge against the erosion of the Brazilian real and global price uncertainty. Analysts noted Bitcoin's distinct dynamics, global nature, and low correlation with traditional assets, suggesting this allocation can enhance diversification without excessive risk. Itaú emphasized that Bitcoin should be a complementary holding, requiring discipline and a long-term horizon, rather than a core position. This 3% ceiling aligns Itaú with more forward-looking global guidance, though some US banks recommend up to 4%. For Brazilian investors, the bank highlighted Bitcoin's "hybrid character" as both a high-risk asset and a global store of value, offering resilience that fixed income currently cannot guarantee.

(Source：BeInCrypto)