The Spanish lender BBVA advises its wealth customers to invest 3% to 7% of their portfolios in cryptocurrencies, a manager of the Spanish bank announced on Tuesday.
Bank and blockchain, Philippe Meyer
In September of last year, according to a Reuters report.
“The more risky profile, we allow up to 7% of (portfolios in) crypto,” said Meyer.
BBVA’s advice to invest in crypto is currently applied to bitcoin and ether
But the bank plans to extend this to other cryptocurrencies later this year, he added.
While many important financial institutions show a distinctly warmer attitude towards cryptocurrency investments in 2025 than in the past years, BBVA news is remarkable in that it actively advises its customers to buy crypto.
BBVA did not immediately respond to the request for comments from Coindesk.
