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Brazil’s Largest Private Bank Advises 3% Bitcoin Allocation For Clients
Itaú Unibanco Holding SA, Latin America’s largest private bank, has advised clients to allocate up to 3% of their portfolios to Bitcoin for 2026.
The bank framed the cryptocurrency not as a speculative asset, but as a hedge against the erosion of the Brazilian real.
Why Itau Wants Clients’ Funds in Bitcoin
In a strategy note, analysts at the Sao Paulo-based lender said investors face a dual challenge from global price uncertainty and domestic currency fluctuations. They argued that these conditions necessitate a new approach to portfolio construction.
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