Bank of America advises clients to allocate up to 4% of their investments in Bitcoin and other digital assets, signaling a significant shift towards mainstream acceptance. This move aims to provide high-net-worth investors with easier access to cryptocurrencies through various investment options.

Bitcoin and Ethereum ETFs see a resurgence in net inflows after a period of outflows, indicating renewed institutional interest. Bank of America’s recommendation to include digital assets in portfolios reflects the growing acceptance of cryptocurrencies as part of traditional investment strategies.

The rising price of Bitcoin, reaching $92,265, is driven by positive market sentiment despite potential risks of a reversal. Bank of America’s endorsement of digital assets aligns with a broader trend of major U.S. financial institutions entering the crypto space to meet growing demand from investors.

Institutions like JPMorgan and Citi are also exploring crypto-related products and services, reflecting the increasing acceptance and integration of cryptocurrencies in the financial sector. The endorsement from Bank of America is expected to further legitimize Bitcoin and attract a wider investor base beyond traditional retail traders.

Bitcoin’s growth and mainstream adoption, along with regulatory support and the availability of regulated products, contribute to its increasing popularity among investors. The shift towards including Bitcoin in traditional portfolios and the endorsement from major financial institutions are expected to drive further growth in the crypto market.

Read more at Yahoo Finance: Investors Should Hold 4% Bitcoin in Portfolio, Says Bank of America, as BTC Soars Above $92K