Brazil's Financial Giant Itaú Recommends Allocating 3% to Bitcoin

According to a report by Brazilian local newspaper Criptofacil on December 12, major Brazilian financial institution Itaú has recommended that investors allocate between 1% and 3% of their portfolios to Bitcoin (BTC) by 2026. Despite the ongoing price decline since the beginning of the year, the firm analyzes that cryptocurrencies play a crucial role as a means of diversification and currency hedging. The bank's report explained that Bitcoin behaves differently from stocks, bonds, and domestic markets. It stated that its globally decentralized structure creates unique opportunities in portfolios exposed to economic uncertainties and geopolitical tensions.