BBVA Urges Clients to Allocate 7% of Portfolios to Bitcoin & Ethereum—Major Bank Bets Big on Crypto
Spain's banking giant BBVA just made a power move—telling wealthy clients to stake up to 7% of their portfolios on BTC and ETH. No more dipping toes in the water; this is a cannonball into crypto.
Why now? The bank's private investment arm sees 'asymmetric upside' (translation: traditional finance is yielding jack squat). Their pitch? Digital assets now belong in the same conversation as gold and tech stocks.
But here's the kicker—they're only rolling this out for private banking clients in Switzerland. Because nothing says 'democratized finance' like locking advice behind a 7-figure account minimum.
One thing's clear: When old-money institutions start quoting Satoshi whitepapers, the game's changed. Whether that's good or terrifying? Depends how much you trust bankers to suddenly 'get' decentralization.