Breaking: Itau Unibanco, Brazil's largest private bank, has begun recommending Bitcoin allocation for clients, with suggested exposure capped at 3% of portfolios. This marks a significant shift in institutional appetite for crypto assets in Latin America's largest economy. The recommendation reflects growing confidence in BTC's role as a diversification tool among traditional financial players. Itau's move signals that major banking institutions are increasingly viewing Bitcoin not as speculative fringe asset but as a legitimate allocation component for institutional portfolios. This kind of institutional endorsement from established banking players typically carries weight beyond its immediate market impact.
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Breaking: Itau Unibanco, Brazil's largest private bank, has begun recommending Bitcoin allocation for clients, with suggested exposure capped at 3% of portfolios. This marks a significant shift in institutional appetite for crypto assets in Latin America's largest economy. The recommendation reflects growing confidence in BTC's role as a diversification tool among traditional financial players. Itau's move signals that major banking institutions are increasingly viewing Bitcoin not as speculative fringe asset but as a legitimate allocation component for institutional portfolios. This kind of institutional endorsement from established banking players typically carries weight beyond its immediate market impact.