Bank of America, the second-largest U.S. bank with ~US$ 2.67 trillion in assets, just put out new guidance suggesting that clients should put up to 4% of their portfolio in crypto
prior to this, it did not recommend a fixed percentage allocation, and advisors could only discuss crypto if a client brought it up
this is happening just as $11.6 trillion, ultra-conservative asset manager Vanguard begins to allow its 50 million clients to invest in crypto for the very first time
meanwhile, the Fed just ended QT and is increasingly leaning towards easing monetary policy and becoming less restrictive with market liquidity
all of this is happening while $BTC is down 30% from its all-time highs and has been in a prolonged pullback for the past two months
so you basically have the most conservative tradfi behemoths are integrating crypto and aggressively pushing it to their mainstream tradfi audience while monetary policy is getting increasingly loose—all while BTC is on a generational pullback for a potential bull run
the best R/R is in being long here, not short
of course, there might be some short-term volatility, but in a few months, the odds are that you will be incredibly happy because you bought the dip here
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Bank of America, the second-largest U.S. bank with ~US$ 2.67 trillion in assets, just put out new guidance suggesting that clients should put up to 4% of their portfolio in crypto
prior to this, it did not recommend a fixed percentage allocation, and advisors could only discuss crypto if a client brought it up
this is happening just as $11.6 trillion, ultra-conservative asset manager Vanguard begins to allow its 50 million clients to invest in crypto for the very first time
meanwhile, the Fed just ended QT and is increasingly leaning towards easing monetary policy and becoming less restrictive with market liquidity
all of this is happening while $BTC is down 30% from its all-time highs and has been in a prolonged pullback for the past two months
so you basically have the most conservative tradfi behemoths are integrating crypto and aggressively pushing it to their mainstream tradfi audience while monetary policy is getting increasingly loose—all while BTC is on a generational pullback for a potential bull run
the best R/R is in being long here, not short
of course, there might be some short-term volatility, but in a few months, the odds are that you will be incredibly happy because you bought the dip here