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Brazil's Itaú Recommends 1%-3% Bitcoin Allocation in Investment Portfolios

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Brazil’s Itaú Asset Management suggests 1%-3% **asset allocation** to Bitcoin for diversified portfolios. The firm highlights Bitcoin’s global, decentralized nature and potential for hedging and **long-term investing**. Renato Eid, head of beta strategies, urged investors to maintain discipline amid volatility. Itaú, a top Latin American lender, has expanded crypto services since 2021, including Bitcoin and Ethereum trading and a Bitcoin ETF. Its approach differs from Nubank’s more aggressive stance.
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