Investing in ‘Uptober’? Brazil’s Largest Investment Bank’s Crypto Arm Names 5 Token Picks
Brazil’s largest investment bank, BTG Pactual’s crypto platform Mynt, has flagged five cryptocurrencies it believes are well-positioned for gains in October: bitcoin (BTC), ether (ETH), solana (SOL), avalanche (AVAX), and sky (SKY).
The picks, outlined in a report authored by Matheus Parizotto and João Galhardo, reflect a broader optimism in the crypto market as U.S. interest rates ease and anticipation builds for new crypto ETFs.
Bitcoin remains the dominant institutional pick, with more than $3.5 billion flowing into spot ETFs in September and corporate treasuries adding 43,000 BTC, over $5 billion at current prices.
Mynt’s report describes it as a long-term anchor. “For those seeking a long-term pillar in…
