Bank of America Expands Bitcoin Advisory Services for Clients

Bank of America has authorized 15,000 advisors to pitch Bitcoin investments to clients, reflecting the growing acceptance of cryptocurrencies in traditional banking. According to the Chief Investment Officer of Bank of America, a recommended allocation standard for clients will be between 1 to 4 percent of their investment portfolios.

This significant move indicates a shift in the banking landscape, as financial institutions increasingly embrace digital assets as viable investment options.