BofA Recommends Thinking About Crypto in Portfolios
In a move that underscores shifting attitudes in finance, Bank of America (BofA) has advised its wealth-management clients to consider allocating a small portion of their portfolios to cryptocurrencies. The institution is suggesting a 1% to 4% allocation to digital assets for clients of its Merrill, Bank of America Private Bank, and Merrill Edge platforms.
This is a notable development. For years, many large banks have avoided endorsing crypto, citing volatility and regulatory uncertainty. BofA’s new guidance signals growing acceptance of cryptocurrencies, not as speculative side bets, but as strategic, diversified components of a broader investment plan.
