Spanish bank BBVA tells wealthy clients to invest in bitcoin

  • Posted on June 17, 2025
  • By Yahoo News
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Spanish bank BBVA tells wealthy clients to invest in bitcoin

LONDON (Reuters) -Spanish lender BBVA is advising wealthy clients to invest up to 7% of their portfolio into cryptocurrencies, an executive said on Tuesday, in the latest sign some banks are warming to a sector long avoided by mainstream finance because of its risks. BBVA's private bank advises clients to invest 3% to 7% of their portfolio in cryptocurrencies depending on their risk appetite, Philippe Meyer, head of digital & blockchain solutions at BBVA Switzerland, told the DigiAssets conference in London. "The riskier profile, we allow up to 7% of (portfolios in) crypto."
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