Overview
- Itaú positions bitcoin as a complementary holding to diversify portfolios through low correlation with domestic assets and partial currency protection.
- The bank stresses disciplined, long-term exposure and cautions investors against attempting to time crypto markets.
- The recommendation aligns with global peers, with Bank of America allowing up to 4%, BlackRock signaling around 2%, and Morgan Stanley suggesting low single-digit allocations.
- Clients can access regulated routes such as the locally traded BITI11 ETF, with Itaú reporting about R$850 million in crypto funds and ETFs within an asset base exceeding R$1 trillion.
- The guidance follows a volatile period in which bitcoin neared $125,000 before retreating toward $90,000, as a roughly 15% drop in the real amplified local investor swings.