Bank of America, Morgan Stanley Support Bitcoin Stakes

TLDR Bank of America, Fidelity, and Morgan Stanley recommend allocating 1% to 5% of portfolios to Bitcoin. River reported that major institutions now treat Bitcoin as a portfolio diversifier. BlackRock advises limiting Bitcoin exposure to between 1% and 2% of total assets. JPMorgan analysts project Bitcoin could reach $266,000 if it rivals private gold investment. [...]

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