A Quick Look at Bitcoin in Traditional PortfoliosBrazil's largest private bank, Itaú Unibanco, recently shared guidance through its asset management team suggesting investors consider a small Bitcoin allocation—around 1% to 3%—starting in 2026.They view it not as a main holding or a short-term trade, but as a complementary asset. The idea is simple: Bitcoin often moves differently from local stocks, bonds, or the Brazilian economy, thanks to its global and decentralized nature.This can help with diversification and offer some protection against currency fluctuations. For context, the Brazilian real faced significant pressure in late 2024, hitting record lows against the dollar.Itaú points to their own regulated Bitcoin ETF (BITI11) as one way for local investors to get exposure. It's been around since 2022 and currently holds over $115 million in assets.This approach lines up with what some other global institutions have said—treating Bitcoin as a modest portfolio tool in uncertain times, especially in emerging markets.It's an interesting example of how traditional finance is thinking about digital assets these days.#Bitcoin #Crypto