BlockBeats News, December 14th: Brazil's largest private bank asset management company, Itaú Asset Management, suggested in its year-end report that investors allocate 1% to 3% of their investment portfolio to Bitcoin. Itaú Asset Management's Beta strategy, led by Responsible Investment Officer Renato Eid, stated that using cryptocurrency as a complementary asset helps absorb the impact of currency depreciation and global volatility.

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