Spanish lender BBVA is advising its wealth clients to invest 3%-7% of their portfolios in cryptocurrencies, an executive of the Spanish bank said on Tuesday.
The bank’s head of digital and blockchain solutions Philippe Meyer told the DigiAssets conference in London that it started advising clients on bitcoin BTC in September last year, according to a report by Reuters.
“The riskier profile, we allow up to 7% of (portfolios in) crypto,” Meyer said.
BBVA’s advice of investing in crypto currently applies to bitcoin and ether ETH, but the bank plans to expand this to other cryptocurrencies later this year, he added.
While many major financial institutions are showing a distinctly warmer attitude toward cryptocurrency investments in 2025 than in years past, BBVA’s news is noteworthy in that it is actively advising its clients to buy crypto.
BBVA did not immediately respond to CoinDesk’s request for comment.
Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]
Part one explained the physics of quantum computing. This piece explains the target — how…
Data shows the Bitcoin Coinbase Premium Gap has edged into the negative territory, a sign…
Bitcoin’s long-term holder cohort is still expanding, but a key profitability gauge has slipped back…
Bitcoin Magazine When Quantum Computers Come for Your Bitcoin: What Classical Property Law Says Happens…
Bitcoin is now printing green candlesticks on the weekly and daily timeframes, and this raises…
Oil prices slumped as Trump said Iran committed to open the Strait of Hormuz and…