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Bank of America Allows Advisors to Recommend Up to 4% Bitcoin Allocation

The U.S.-based bank now permits its asset advisors to suggest Bitcoin investments comprising up to 4% of client portfolios.

BTC

Summary

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Terms & Concepts
  • Bitcoin allocation: The proportion of a portfolio invested in Bitcoin, expressed as a percentage of total assets.
  • Asset advisor: A financial professional who provides investment guidance and portfolio management services to clients.