Bitcoin Advice From a Bank?! đŸ€Ż

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Well, I’ll be hornswoggled! Seems those fellas down in Brazil – the ones with the biggest bank, ItaĂș, mind you – are advisin’ folks to toss a few reales into that there Bitcoin contraption. One to three percent of their fortunes, they say, for 2026. Seems they’ve finally succumbed to the siren song of digital whatsits. 🧐

This Renato Eid character at ItaĂș Asset, he’s scribblin’ away about geopolitical hullabaloo, shifty money policies, and currencies dancin’ like a jig. Claims Bitcoin is a fine addition, see, a bit different from yer bonds and stocks and local market fiddlin’. Says it’s got its own ways, its own potential for makin’ (or losin’, I reckon) money, and bein’ a sort of shield against them pesky currency fluctuations. A hedge, they call it. Sounds mighty fancy for somethin’ cooked up on a computer.

Now, this comes after a year of Bitcoin doin’ the Charleston – up, down, and all around. Started near $95,000, dipped when them tariffs stirred up a fuss, shot clear up to $125,000 (whoever made that bet needs to tell me their secrets!), and then settled back down around where it started. A wild ride, wouldn’t you say? Makes a fella clutch his pearls! 💎

Bitcoin Can Steady Portfolios Amid Currency Swings

Seems the Brazilians felt them Bitcoin bumps a bit more than most. Their real got stronger, which, oddly enough, meant their Bitcoin investments didn’t fare so well. Go figure! But old Eid argues that a little dab of Bitcoin can smooth things out when other investments are lookin’ peaky. They’ve been lookin’ at their own ETF, BITI11, and it doesn’t seem to move with everything else. Which, accord’in to them, is a good thing.

“By puttin’ aside a measly 1% to 3%,” they write, “investors are takin’ advantage of somethin’ that adds a bit of spice to the mix.” Spice, they call it. I call it gamblin’, but who am I to judge? đŸ€·

ItaĂș Asset Launches Dedicated Crypto Unit

And get this – they’ve even gone and built a whole department just for them digital coins! Hired a fella named JoĂŁo Marco Braga da Cunha, who used to shuffle digital assets at Hashdex, to run the show. They’ve got ETFs and even retirement funds dabblin’ in this newfangled money.

They’re plannin’ to offer all sorts of things – safe ones, risky ones, even things with fancy names like ‘derivatives’ and ‘staking.’ Seems they’re bettin’ the farm on this Bitcoin business. Whether it’ll pay off, well, that’s a story for another day, ain’t it? đŸ€ 

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2025-12-13 11:00