Spain’s second largest bank, BBVA, has advised its clients to invest up to 7% in cryptocurrencies.
Spanish banking giant BBVA has advised its high-net-worth clients to invest in cryptocurrencies, according to a Reuters report.
Accordingly, Spain’s second largest bank, BBVA, recommended its clients to invest up to 7% in cryptocurrencies.
Philippe Meyer, Head of Digital and Blockchain Solutions at BBVA Switzerland, said that since September 2024, they have been advising their high-net-worth clients to allocate up to 7% of their portfolio to cryptocurrencies.
The bank recommends a crypto allocation between 3% and 7%, depending on the client’s risk appetite.
Meyer said that BBVA currently recommends its clients to invest mainly in Bitcoin (BTC) and Ethereum (ETH), but they will expand the scope of crypto advice to other altcoins later this year.
