Itaú Asset Management, the investment arm of Brazil’s largest private bank, Itaú Unibanco, has recommended that investors keep 1% to 3% of their portfolios in Bitcoin next year.
In a new search NoteRenato Eid of Itaú Asset said that the global backdrop of geopolitical tensions, changing monetary policy and ongoing currency risks strengthens the case for adding Bitcoin (Bitcoin) as a supplementary asset.
He described Bitcoin as “an asset distinct from fixed income, traditional equities, or local markets, with its own dynamics, return potential, and — given its global and decentralized nature — the currency hedging function.”
This proposal comes despite a turbulent year for Bitcoin. The asset started 2025 near $95,000, fell around $80,000 during the tariff crisis, then rose to an all-time high of $125,000 before stabilizing again around $95,000.
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Bitcoin can keep portfolios stable amidst currency fluctuations
Brazilian investors felt Bitcoin’s fluctuations more intensely than global traders. The Brazilian real has risen by about 15% this year, amplifying local losses for local investors.
However, Eid said that a small, fixed Bitcoin allocation could mitigate risks that traditional assets fail to hedge. Citing the bank’s internal data, he said there was a low correlation between BITI11, the locally listed Bitcoin ETF, and other major asset classes, supporting the case for adding a modest BTC position to improve the portfolio balance.
“By allocating about 1% to 3% in their investment portfolio, investors will actually benefit from assets that generate diversification,” the bank wrote.
Related to: Why Brazil uses Bitcoin as a treasury asset and what other countries can learn
Itaú Asset launches a dedicated crypto module
In September, itau assets Created a separate cryptocurrency section Former Hashdex CEO João Marco Braga da Cunha has been appointed to lead it. The unit expands on Itaú’s existing digital asset offerings, including Bitcoin ETF And a retirement fund with exposure to cryptocurrencies.
Itau also plans to develop a broader range of products, from fixed-income instruments to high-volatility strategies such as derivatives and staking.
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