NEW: 🇧🇷 Brazil’s largest private bank, Itaú Unibanco, has reportedly recommended allocating up to 3% of investment portfolios to Bitcoin.
Discussion
Are they teaching people how to hold that 3% in self custody or selling a product. If it's the latter, it's not bitcoin they are buying. It's not theirs.
They’re suggesting 1–3% of portfolios for diversification and as a hedge against currency and market risks, and even launched a dedicated crypto unit to support this strategy.