Spain's BBVA Bank suggests customers increase their cryptocurrency allocation to a maximum of 7%.

BlockBeats News, on June 18, according to a report from Cointelegraph, Spain's second-largest bank BBVA has suggested that its high-net-worth clients allocate a portion of their investment portfolios into crypto assets. BBVA recommends that high-net-worth clients allocate 3% to 7% of their portfolios to cryptocurrencies, including Bitcoin (BTC), based on their individual risk tolerance levels.

Philippe Meyer, Head of Digital and Blockchain Solutions at BBVA Switzerland, stated at a conference in London: "Since last September, we have started offering Bitcoin investment advice to private clients." He added that for clients with higher risk appetites, the suggested allocation percentages have been increased.

Meyer noted that clients have responded positively to the bank's recommendations and do not perceive crypto assets as overly risky. "If you look at a balanced portfolio, you only need to allocate 3%, and the overall returns will already improve. Allocating 3% does not represent taking on significant risk," he explained.