Bitcoin and altcoins started 2026 on an upward trend. This rise stems from renewed risk appetite in the market, and a major move came from a giant in the US.
Accordingly, Bank of America updated its asset management policy and took action regarding Bitcoin (BTC) and cryptocurrencies.
Bank of America, the second-largest bank in the US with over $3 trillion in assets and serving more than 66 million customers worldwide, has officially begun recommending that its clients invest up to 4% of their portfolios in Bitcoin and cryptocurrencies.
Bank of America has taken a historic step in the crypto space by recommending that its clients hold Bitcoin and other cryptocurrencies in their portfolios.
This marks a decisive shift in the bank’s stance, which for years has restricted access to cryptocurrencies due to volatility and regulatory risks.
Because while BoFA previously only offered access to cryptocurrencies upon customer request, it is now actively promoting this area through financial advisors.
This also opens the door for more institutional investment in Bitcoin and cryptocurrencies.
It is also very noteworthy that a giant like BoFA is making this move. After all, BoFA is not a small hedge fund; it is a bank that has weathered many financial crises, shapes global capital flows, and manages assets for governments, institutions, and very high net worth individuals.
And the fact that this bank’s large-scale clients are investing 4% in Bitcoin and cryptocurrencies potentially means that billions or even trillions of dollars of institutional capital could enter the market. This, in turn, opens the door to a massive surge.
*This is not investment advice.
