In its year‑end note, Itaú Asset Management, Brazil’s largest private bank asset arm, highlights a measured Bitcoin exposure within diversified mandates. The Beta strategy prescribes a 1% to 3% allocation to crypto, positioning it as a hedge against macro headwinds and currency depreciation.

Driven by Responsible Investment Officer Renato Eid, the beta framework frames cryptocurrency as a complementary asset class that can absorb shocks from global volatility while preserving liquidity discipline and risk controls vital for institutional portfolios.

The stance mirrors a broader institutional shift toward digital assets for diversification, emphasizing governance, risk assessment, and alignment with investment objectives. Investors should evaluate time horizon and liquidity needs before implementing any Bitcoin exposure within their portfolios.