BBVA Recommends Clients Invest Up to 7% in Cryptocurrencies
BBVA's private banking division now advises clients to invest in cryptocurrencies based on their risk tolerance. Key points include:
- Clients with higher risk appetites may invest up to 7% in digital assets.
- BBVA has facilitated crypto purchases since 2021.
- The bank is among the first major global banks to recommend cryptocurrency investments.
- A modest exposure starting at 3% can enhance portfolio performance.
- Current recommendations focus on Bitcoin and Ether, with plans to add more cryptocurrencies later this year.
This shift occurs as cryptocurrency markets rebound, with Bitcoin reaching new highs recently, influenced by supportive policies and renewed investor interest following a downturn in 2022.