#BTC #ETH BBVA bank guides its wealthy clients to invest in BTC and ETH.
BBVA, the Spanish bank, takes a bold approach by asking its wealthy clients to allocate between 3% and 7% of their portfolios to cryptocurrencies, particularly Bitcoin (BTC) and Ethereum (ETH). This recommendation comes from the bank's Swiss division, BBVA Switzerland, which has been proactive in adopting digital assets since 2021, while many other financial institutions were still expressing reservations.
*Key Highlights:
- Investment recommendation: allocation of 3% to 7% of the portfolio to cryptocurrencies, depending on the client's risk tolerance.
- Early adoption: BBVA Switzerland began taking an interest in cryptocurrencies as early as 2021, demonstrating a crypto-friendly attitude.
- Service expansion: the Swiss private bank BBVA has added Ether (ETH) to its cryptocurrency reserve and trading service to meet growing client demand.
*Market Situation:
- Bitcoin (BTC) is currently priced at 104,373.73 $ US, with a market capitalization of $2.09 trillion.
- Ethereum (ETH), on the other hand, currently has no available price, but is among the most followed and invested cryptocurrencies.