BBVA Suggests Wealthy Clients Invest 7% in Cryptocurrency
According to Foresight News, an executive at the Spanish bank BBVA has suggested that wealthy clients allocate 7% of their investment portfolios to cryptocurrency. Philippe Meyer, head of digital and blockchain solutions at BBVA's Swiss branch, stated at the London DigiAssets conference that BBVA Private Banking recommends clients invest 3% to 7% of their portfolios in cryptocurrency based on their risk preferences.