Bank of America Advises Asset Management Clients to Consider Cryptocurrency Investments

Bank of America (hereafter referred to as BofA) has been advising clients of its asset management services to allocate up to 4% of their portfolios to digital assets, including cryptocurrencies, according to a report by 'Yahoo Finance' on the 2nd. BofA argues that clients should start considering exposure to cryptocurrencies. Previously, investments in cryptocurrencies were only facilitated if requested by clients, and were not actively recommended, marking a significant policy shift. 'Exposure' refers to the proportion of financial assets held by investors or institutions...