Spain’s BBVA Advises Rich Clients to Allocate 3–7% to Crypto
Spain’s second-largest bank, Banco Bilbao Vizcaya Argentaria (BBVA), recommended that its wealthy clients should put a small portion, between 3% and 7% of their investment money, into cryptocurrencies like Bitcoin. How much they should invest depends on how much risk they are comfortable with.
A bank executive, Philippe Meyer, has shared this advice at a conference in London. At the conference, he has stated that adding just 3% in crypto can boost a portfolio’s returns without being too risky. He has also mentioned that clients are open to this idea. However, some are worried that crypto is unstable.
BBVA started offering crypto trading in the year 2021 and began advising its wealthy clients to invest in crypto in September 2024….
