On June 18, the second largest bank in Spain, BBVA, has advised its high-net-worth clients to allocate a portion of their investment portfolio to crypto assets. BBVA recommends that high-net-worth clients allocate 3% to 7% of their portfolio to crypto assets and Bitcoin (BTC) based on their risk tolerance.
Philippe Meyer, head of digital and blockchain solutions at BBVA's Swiss branch, stated at a conference in London: "Since September of last year, we have started offering Bitcoin investment advice to private clients." He added that for clients with a higher risk appetite, the recommended allocation ratio has been increased.
Meyer stated that clients responded positively to the bank's advice and do not believe that the risks of Crypto Assets are too high. "If you look at a balanced investment portfolio, just adding 3% can already enhance the overall returns. Allocating 3% does not constitute taking on a significant risk."
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GateUser-cff9c776
· 12h ago
Traditional banks have betrayed and organized their own.
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MemecoinResearcher
· 12h ago
based statistically significant alpha
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StableGenius
· 12h ago
actually been saying this since 2019... tradfi finally catching up smh
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TokenAlchemist
· 13h ago
tradfi finally getting it... optimal allocation studies been showing this alpha since 2017 smh
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BlockchainThinkTank
· 13h ago
The data clearly indicates that 3% is the most conservative asset allocation ratio, and one should not blindly increase the position.
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BridgeNomad
· 13h ago
risk mgmt finally catching up w/ reality... but 3-7% still too conservative imho
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BlockchainDecoder
· 13h ago
According to Markowitz's portfolio theory, 3% is indeed the lower limit for optimal allocation.
Spain's second largest bank BBVA recommends high net worth clients allocate 3%-7% of their investment portfolio to Bitcoin.
On June 18, the second largest bank in Spain, BBVA, has advised its high-net-worth clients to allocate a portion of their investment portfolio to crypto assets. BBVA recommends that high-net-worth clients allocate 3% to 7% of their portfolio to crypto assets and Bitcoin (BTC) based on their risk tolerance.
Philippe Meyer, head of digital and blockchain solutions at BBVA's Swiss branch, stated at a conference in London: "Since September of last year, we have started offering Bitcoin investment advice to private clients." He added that for clients with a higher risk appetite, the recommended allocation ratio has been increased.
Meyer stated that clients responded positively to the bank's advice and do not believe that the risks of Crypto Assets are too high. "If you look at a balanced investment portfolio, just adding 3% can already enhance the overall returns. Allocating 3% does not constitute taking on a significant risk."