🇧🇷 The largest Brazilian bank opens the door to Bitcoin
Itaú Bank, the largest private bank in Brazil, has issued a recommendation to invest in Bitcoin as part of a strategy to diversify investment portfolios, suggesting an allocation of only 1–3% of the total portfolio to the digital currency.
This move comes with the aim of protecting investments from the volatility of traditional currencies and ensuring the presence of digital assets within the portfolio, reflecting the gradual interest of major financial institutions in digital currencies.
Observers see this step as an indicator of the changing stance of traditional banks towards Bitcoin and digital currencies, as they have gradually begun to recognize its importance as a tool for hedging and diversifying investments.
🍷 It seems that banks have begun to turn their attention towards the world of digital currencies, as the popularity of Bitcoin continues to grow and its role as a major investment asset increases.
