Brazil’s Largest Bank Itaú Backs Bitcoin as Long-Term Portfolio Hedge

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Brazil’s largest private bank, Itaú, is standing firm on its Bitcoin view even after this year’s pullback. In its latest outlook, the bank advises investors to keep around 1% to 3% of their portfolio in Bitcoin as they look toward 2026. With a message that short-term drops do not cancel out Bitcoin’s longer-term role in diversification and protection against uncertainty. At the moment, Bitcoin is trading near the $90,100 level, down about 2.3% over the past day on a USDT basis.

BTC-2.58%
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