BAC wealth management clients may put up to 4% of their portfolio in crypto

[Oshosondy]

You can get the news from Yahoo Finance

Bank of America says its wealth management clients may put up to 4% of their portfolio in crypto

Bank of America says according to Yahoo Finance: says its wealth management clients should start thinking about getting some crypto exposure in their portfolios. The firm is endorsing a 1%-4% allocation to digital assets for clients of its Merrill, Bank of America Private Bank, and Merrill Edge platforms. Its investment strategists will begin covering four bitcoin ETFs in January.

I know the larger part of the portfolio will be in bitcoin if it comes to fruition. More adoption is coming.

[hmbdofficial]

Bank of America says its wealth management clients may put up to 4% of their portfolio in crypto


Editing it

Do you think this could make any significant difference in the current bearish trend? Just few days back china said something like they are putting ban on all crypto related.

[Oshosondy]

Do you think this could make any significant difference in the current bearish trend? Just few days back china said something like they are putting ban on all crypto related.

I do not know much about bitcoin short term predictions, but we can see evidences that bitcoin can get to 7 digits one day. Also it is good to keep buying bitcoin even if the price is falling, unlike the altcoins that are not store of value, bitcoin price will definitely get to all time high.

[rbynxx]

Do you think this could make any significant difference in the current bearish trend? Just few days back china said something like they are putting ban on all crypto related.

Do you think it will make any difference too when in fact they've been banning Bitcoin or crypto related products in the past for like a thousand times already then they will change that stand when it's bullish? It's more like they're na indicator but it's not that they are right most of the time as they can also just speculate. Bearish in the short term but we know for a fact that in macro level Bitcoin is so undervalued.

[Cryptohygenic]

Do you think this could make any significant difference in the current bearish trend? Just few days back china said something like they are putting ban on all crypto related.

I do not know much about bitcoin short term predictions, but we can see evidences that bitcoin can get to 7 digits one day. Also it is good to keep buying bitcoin even if the price is falling, unlike the altcoins that are not store of value, bitcoin price will definitely get to all time high.

Such a perfect respond Op, hmbdofficial may tend to pull your leg like you meant to speculate about bitcoin price like the norms of short term predictions. but it is good to trial that whatever significant of bitcoin adoptors may only be reliable to be effective in the long term while Short term will always be uncertain.
However, if the bullishness of this unusual trend could extend up to next month and the clients as subjected by the bank, of course it could have significant over the market but as a just news, it is not worth hopeful but surely in the long term will always make a huge significant difference.

[Free Market Capitalist]

Bank of America says according to Yahoo Finance: says its wealth management clients should start thinking about getting some crypto exposure in their portfolios. The firm is endorsing a 1%-4% allocation to digital assets for clients of its Merrill, Bank of America Private Bank, and Merrill Edge platforms. Its investment strategists will begin covering four bitcoin ETFs in January.

I know the larger part of the portfolio will be in bitcoin if it comes to fruition. More adoption is coming.

They are not the only ones, and this is going to become more common every day. Bitcoin is an established asset, and having a small portion of it in diversified portfolios is the most reasonable thing to do. What would be unreasonable at this point is the opposite.

[betswift]

I hope that eventually it will be 10%, and then more and more to come.

Of course, they will be exposed to crypto and BTC through centralized services, but it's still adoption marching forward one way or another.