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Brazil's Largest Asset Management Company Advises Investors to Allocate 3% of Funds to Bitcoin
Summary: According to reports, Brazil's largest asset management company, Itaú Asset Management, has advised investors to allocate 3% of their funds to Bitcoin to hedge against forex and market impact risks. This recommendation is based on Bitcoin's low correlation with traditional local assets, making it a useful diversification tool. Itaú suggests a disciplined long-term investment strategy ...
According to reports, Brazil's largest asset management company, Itaú Asset Management, has advised investors to allocate 3% of their funds to Bitcoin to hedge against forex and market impact risks. This recommendation is based on Bitcoin's low correlation with traditional local assets, making it a useful diversification tool. Itaú suggests a disciplined long-term investment strategy without the need for market timing.
Itaú Asset Management's recommendation aligns with the Bitcoin allocation percentages recommended by other major asset management companies. Earlier this month, Bank of America approved wealth advisors recommending up to 4% allocation to Bitcoin, while BlackRock advised a 2% allocation.
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