18.06.2025 07:24

BBVA, a leading Spanish bank managing approximately $700 billion in assets and serving 80 million customers worldwide, has taken a groundbreaking step in the cryptocurrency landscape. This significant financial institution, based in Bilbao, is now actively encouraging its high-net-worth clients to incorporate Bitcoin and Ethereum into their investment portfolios.

Reuters reports that BBVA's recommendation suggests a portfolio allocation of 3% to 7% in cryptocurrencies, a percentage tailored to individual client risk profiles. This strategic move represents a potential turning point for the crypto industry, marking one of the first instances of a major bank actively promoting, rather than simply tolerating, cryptocurrency investments.

The bank's endorsement is particularly noteworthy considering the current climate within the European Union's banking sector. With approximately 95% of EU banks remaining largely uninvolved with cryptocurrencies, BBVA's proactive approach stands out as a bold and potentially influential decision. This proactive strategy positions BBVA as a leader in a field where many traditional financial institutions remain hesitant.

This development signifies a significant shift in the perception of cryptocurrencies amongst established financial institutions. BBVA's recommendation, sourced from internet sources, could potentially accelerate wider adoption and mainstream acceptance of Bitcoin and Ethereum, influencing other banks to reconsider their stances on digital assets.