Bank of America Recommends 1-4% Cryptocurrency Portfolio Allocation

As cryptocurrency’s presence grows on Wall Street, Bank of America has joined the conversation, now advising its wealth management clients to allocate a portion to digital assets. This move isn’t driven by hype but rather a growing demand for safer ways to gain exposure in the burgeoning crypto market. The bank offers a new guideline – allocating 1-4% of client portfolios to digital assets, applicable across Merrill, Bank of America Private Bank, and Merrill Edge.