Spanish lender BBVA is advising its wealth purchasers to take a position 3%-7% of their portfolios in cryptocurrencies, an govt of the Spanish financial institution stated on Tuesday.
The financial institution’s head of digital and blockchain options Philippe Meyer advised the DigiAssets convention in London that it began advising purchasers on bitcoin
in September final 12 months, in response to a report by Reuters.
“The riskier profile, we permit as much as 7% of (portfolios in) crypto,” Meyer stated.
BBVA’s recommendation of investing in crypto at present applies to bitcoin and ether
, however the financial institution plans to develop this to different cryptocurrencies later this 12 months, he added.
Whereas many main monetary establishments are displaying a distinctly hotter perspective towards cryptocurrency investments in 2025 than in years previous, BBVA’s information is noteworthy in that it’s actively advising its purchasers to purchase crypto.
BBVA didn’t instantly reply to CoinDesk’s request for remark.
