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Itaú Asset Management, the concern limb of Brazil's largest backstage bank, Itaú Unibanco, has recommended that investors clasp 1% to 3% of their portfolios successful Bitcoin adjacent year.
In a caller probe note, Itaú Asset’s Renato Eid said that the planetary backdrop of geopolitical tension, shifting monetary argumentation and persistent currency risks strengthens the lawsuit for adding Bitcoin (BTC) arsenic a complementary asset.
He called Bitcoin “an plus chiseled from fixed income, accepted stocks, oregon home markets, with its ain dynamics, instrumentality potential, and — owed to its planetary and decentralized quality — a currency hedging function.”
The proposition comes contempt a turbulent twelvemonth for Bitcoin. The plus began 2025 adjacent $95,000, slid toward $80,000 during the tariff crisis, past surged to an all-time precocious of $125,000 earlier settling backmost astir $95,000.
Related: Brazil’s crypto taxation drawback signals the extremity of an era
Bitcoin tin dependable portfolios amid currency swings
Brazilian investors person felt Bitcoin’s volatility much intensely than planetary traders. The Brazilian existent strengthened by astir 15% this year, amplifying section losses for section investors.
However, Eid argued that a small, dependable Bitcoin allocation tin creaseless risks that accepted assets neglect to hedge. Citing the bank’s interior data, helium said determination is simply a debased correlation betwixt BITI11, its locally listed Bitcoin ETF, and different large plus classes, which supports the lawsuit for adding a humble BTC presumption to amended portfolio balance.
A correlation matrix comparing BITI11 (a Bitcoin ETF) with large Brazilian and planetary marketplace indices. Source: Itaú“By allocating astir 1% to 3% successful their concern portfolio, investors volition successful information beryllium taking vantage of an plus that generates diversification,” the slope wrote.
Related: Why Brazil is utilizing Bitcoin arsenic a treasury plus and what different nations tin learn
Itaú Asset Launches Dedicated Crypto Unit
In September, Itaú Asset created a standalone crypto division and appointed erstwhile Hashdex enforcement João Marco Braga da Cunha to pb it. The portion expanded connected Itaú’s existing digital-asset offerings, including its Bitcoin ETF and a status money with crypto exposure.
Itaú besides plans to make a broader suite of products, ranging from fixed-income-style instruments to higher-volatility strategies similar derivatives and staking.
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