Bank of America Authorizes 15,000 Advisors to Pitch Bitcoin; CIO Sets ‘1-4% Allocation’ Standard
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- Bank of America now allows investors to add digital assets to their portfolios.
- An investment officer says 1% and 4% allocation is ideal for investors.
- The BOA’s opportunity could trigger a new adoption wave for Bitcoin.
Bitcoin entered the center of Wall Street wealth management after Bank of America’s approval for investors to add the digital asset to their portfolios. A crypto analyst discussed the development on a podcast and highlighted the potential effect of Bitcoin’s adoption by one of the largest banks in the United States.
Related: Bank of America Names Bitcoin the Best-Performing Currency of 2025
Between 1% And 4% Allocation Is Ideal
In the meantime, the analyst cited a recommendation by the Bank of America Chief Investment Officer, Chris Hisey. According to Hisey, between 1% and 4% portfolio allocation would be ideal for investors with a st…
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