BlockBeats news, on June 18, according to Cointelegraph, Spain's second-largest bank BBVA has advised its high-net-worth clients to allocate a portion of their portfolios to crypto assets. BBVA recommends that high-net-worth clients allocate 3% to 7% of their portfolios to cryptocurrencies and Bitcoin (BTC), based on their own risk tolerance.
Philippe Meyer, head of digital and blockchain solutions at BBVA's Swiss branch, stated at a conference in London, 'Since September of last year, we have begun offering Bitcoin investment advice to private clients.' He added that for clients with a higher risk appetite, the recommended allocation ratio has been increased.
Meyer stated that clients have responded positively to the bank's advice and do not believe the risks of crypto assets are too high. 'If you look at a balanced investment portfolio, just adding 3% can already enhance overall returns. Allocating 3% is not considered taking on a significant risk.'
