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Brazil's Largest Asset Manager Suggests 1%-3% Bitcoin Allocation for Portfolio Diversification

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Itáu Asset Management, Brazil’s largest private asset manager, has suggested a 1% to 3% **asset allocation** to bitcoin for **portfolio diversification**. In a year-end note, Renato Eid cited BTC’s low correlation with local assets and its potential to hedge against currency depreciation and global volatility. He stressed a measured approach, positioning crypto as a complementary, not core, investment. The recommendation mirrors views from Bank of America and BlackRock, which suggest allocations of up to 4% and 2%, respectively.
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