Bank of America Advises on Modest Crypto Allocation for Wealth Management

Bank of America has advised its wealth management clients to incorporate a small percentage of their portfolios into digital assets, signaling growing mainstream acceptance of cryptocurrencies. The firm recommends allocating between 1% and 4% of investments to cryptocurrency, emphasizing regulated exposure through Bitcoin ETFs for clients on Merrill, Bank of America Private Bank, and Merrill Edge platforms. This recommendation reflects increasing investor interest in the digital asset space and a move towards integrating digital assets into traditional wealth management practices.