The largest private bank in Brazil has started accepting Bitcoin as a tool 🇧🇷 for investment portfolios. Itaú Asset Management, the investment arm of Itaú Unibanco, recommends allocating 1%–3% to $BTC in portfolios for 2026, positioning Bitcoin as a diversification tool rather than a core asset. Key points extracted from the research: • Bitcoin shows a low correlation with Brazilian equities, fixed income, and local markets • It can serve as a partial hedge against foreign exchange risks and overall uncertainty • The allocation should be disciplined and long-term, not driven by timing or speculation • Exposure can be accessed through regulated products like BITI11, the Brazilian Bitcoin fund. These guidelines come from the macro research team at Itaú Asset and align with the bank's broader push towards digital currency products, emphasizing risk management and moderation. Another indication that Bitcoin is increasingly viewed by major institutions as a component of an investment portfolio, rather than a marginal deal.