BBVA, a bank in Spain, advises clients to increase their allocation of Crypto Assets to a maximum of 7%.

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 investment portfolios to crypto assets. BBVA recommends that high-net-worth clients allocate 3% to 7% of their portfolios to crypto assets 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 started providing Bitcoin investment advice to private clients.” He added that for clients with a higher risk appetite, the recommended allocation ratio has increased. Meyer noted that clients have responded positively to the bank’s advice and do not perceive the risks of crypto assets as excessive. “If you look at a balanced investment portfolio, adding just 3% can already enhance overall returns. Allocating 3% does not entail taking on a significant risk.”