Overview
- Itaú Asset Management issued a year-end note recommending a 1%–3% Bitcoin allocation for suitable Brazilian investors.
- The firm says Bitcoin’s low correlation to domestic assets can add diversification and provide partial protection against currency depreciation.
- Renato Eid emphasizes a disciplined, fixed slice with a long-term horizon to avoid market timing during sharp price swings.
- Coverage highlights regulated vehicles such as Brazil’s BITI11 ETF as practical ways to gain small, compliant exposure.
- The recommendation aligns with other institutions’ modest targets, including Morgan Stanley’s 2%–4%, Bank of America’s up to 4%, and BlackRock’s 2%.