CoinVoice has recently learned that Brazil's largest asset management company, Itaú Asset Management, recommends investors allocate 3% of their funds to Bitcoin to hedge against foreign exchange and market shock risks, citing that Bitcoin has a lower correlation with traditional local assets, making it a valuable diversification tool. Itaú stated that there is no need to time the market and recommends a disciplined long-term investment strategy. Itaú Asset Management's recommendation aligns with the Bitcoin allocation ratios suggested by other major asset management companies. Earlier this month, Bank of America approved wealth advisors to recommend a maximum Bitcoin allocation ratio of 4%, while BlackRock suggested a ratio of 2%. [Original link]