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Bank of America Says Own Bitcoin, Markets Respond With Silence


Bank of America Says Own Bitcoin, Markets Respond With Silence

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Bank of America recommends clients allocate 1%-4% of their portfolios to Bitcoin and crypto, impacting over 66 million clients. Starting January 5, the bank will cover major Bitcoin ETFs. Despite these developments, Bitcoin price remains around $92,000.

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  • Bank of America now recommends 1%–4% crypto exposure for clients.
  • The bank will cover major Bitcoin ETFs starting January 5.
  • Bitcoin price stayed near $92,000 despite the major institutional news.

Bank of America has officially started recommending that its clients invest 1% to 4% of their portfolios in Bitcoin and crypto. This is a huge change. The bank manages over $3 trillion in assets and serves 66 million clients worldwide. 

Even a small crypto allocation from investors this large could mean hundreds of billions of dollars flowing into digital assets over time.

Who Can Invest and How?

This advice applies to clients using Merrill, Bank of America Priva…

Read The Full Article Bank of America Says Own Bitcoin, Markets Respond With Silence On Coin Edition.

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In This News

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