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The Spanish banking giant BBVA is advising its high-net-worth clients to invest in cryptocurrencies, according to a report by Reuters.

Consequently, Spain's second-largest bank, BBVA, has recommended that its clients invest up to 7% in cryptocurrencies.

Philippe Meyer, head of digital solutions and blockchain at BBVA Switzerland, stated that since September 2024, they have advised their high-net-worth clients to allocate up to 7% of their portfolios to cryptocurrencies.

The bank recommends allocating between 3% and 7% to cryptocurrencies, depending on the client's risk appetite.