Brazil's largest private asset management company recommends investors allocate 1% to 3% of their portfolio to bitcoin

Foresight News reported that Itáu Asset Management, the largest private asset management company in Brazil, recommended in its year-end report that investors allocate 1% to 3% of their portfolios to bitcoin. Renato Eid, Head of Beta Strategies and Responsible Investment at Itáu Asset Management, stated that cryptocurrencies can be used as a supplementary asset to help absorb the impact of currency devaluation and global volatility.

Renato Eid also noted that investing in cryptocurrencies requires moderation and discipline: set a proportion (for example, 1% to 3% of the total portfolio), maintain a long-term perspective, and resist the temptation to react to short-term noise.