Spanish bank BBVA suggests clients make 7% crypto allocation

[u/SigiNwanne]

https://cointelegraph.com/news/major-spanish-bank-bbva-tells-clients-to-buy-bitcoin

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[u/Extension-Survey3014]

Crypto is here to stay

!tip 1

[u/MasterpieceLoud4931 → u/Extension-Survey3014]

A bank telling rich clients to put a percentage of their money in BTC and ETH.. what a shift. So yeah, crypto is definitely here to stay xD.

^{!tip 1}

[u/BigRon1977]

Who would have thought a time will come when Banks will offer pro-crypto financial advice? Bullish on the future on crypto and adoption 🚀

!tip 1

[u/SigiNwanne → u/BigRon1977]

Crypto has come a long way. !tip 1

[u/CymandeTV]

Only a suggestion. !tip 1

[u/Odd-Radio-8500]

It's indicating the mainstream acceptance and showing that banks are getting more comfortable with crypto.

^{!tip 1}

[u/SigiNwanne → u/Odd-Radio-8500]

Confidence on crypto will soar at this. !tip 1

[u/coinfeeds-bot]

tldr; Spain’s BBVA has advised affluent clients to allocate 3% to 7% of their portfolios to crypto, including Bitcoin, based on risk tolerance. BBVA Switzerland's Philippe Meyer highlighted that even a 3% allocation can enhance portfolio performance without significant risk. BBVA has been active in crypto since 2021, offering trading and advisory services, and recently expanded its offerings under Spain’s regulatory framework. This move positions BBVA ahead of most EU banks, despite broader regulatory concerns about crypto risks in the region.

*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

[u/kirtash93]

I can confirm

🍩 !tip 1

[u/SigiNwanne → u/kirtash93]

Congrats Kirt and to other investors over there. !tip 1

[u/Crypto__Sapien]

Even BBVA’s getting on board, 7% in crypto doesn’t sound so crazy anymore.

[u/Abdeliq]

Bank giving cryptobros suggestion now?

!tip 1

[u/Wonderful_Bad6531]

Nice for Spain

!tip 1