Brazil’s largest bank recommends allocating 1–3% of portfolios to Bitcoin, citing diversification and protection against currency devaluation. Itaú says BTC offers uncorrelated returns and long-term value amid FX volatility.

"The idea is not to make crypto assets the core of the portfolio, but rather to integrate them as a complementary component," Eid wrote. "The goal is to capture returns uncorrelated with domestic cycles, partially protect against currency devaluation, and add potential for long-term appreciation."

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