📊 Brazil’s Largest Bank Recommends Bitcoin as a Portfolio Hedge
Brazil’s biggest private bank, Itaú Unibanco, is advising investors to allocate 1%–3% of their portfolios to Bitcoin ($BTC) — not as speculation, but as risk diversification.
🔹 Key takeaway: Bitcoin is being treated as a complementary asset, not a core holding.
According to Renato Eid, Head of Beta Strategies at Itaú Asset Management:
• The focus is long-term positioning, not market timing
• $BTC shows low correlation with domestic economic cycles
• It may help hedge currency risk, especially after the Brazilian real hit record lows in late 2024
📌 Itaú references BITI11, a Brazil-listed Bitcoin ETF developed with Galaxy Digital, now managing $115M+ and offering regulated BTC exposure to local investors.
🌍 Bigger picture:
Global banks are converging around the same range. A 1%–3% BTC allocation is increasingly seen as a conservative institutional baseline, especially in emerging markets.
❓ Question for the community:
Is 1%–3% Bitcoin exposure becoming the new standard for diversified portfolios?
