Bank of America, the second-largest bank in the U.S. with assets of about $2.67 trillion, has just released new recommendations, suggesting clients allocate up to 4% of their portfolio to cryptocurrency #BTC

Prior to this, it did not recommend a fixed percentage allocation, and advisors could only discuss cryptocurrency if the client brought up the topic

This is happening just as the ultra-conservative asset manager Vanguard, with $11.6 trillion in assets, begins to allow its 50 million clients to invest in cryptocurrency for the first time

Meanwhile, #ФРС has just completed QT and is increasingly leaning towards easing monetary policy and becoming less restrictive regarding market liquidity

All of this is occurring at a time when $BTC has fallen 30% from its all-time highs and has been in a prolonged pullback for the last two months