JPMorgan recommends allocating 1% to cryptocurrency assets

With the crypto market up nearly 100% since the start of 2021, major financial firms around the world have started to amp up their focus on them. 1% is the minimum recommended, in this latest note.

It coming from JPMorgan strategists.

One of the world’s largest investment banks, the firm recently mentioned in a research note that investors can allocate 1% of their portfolios to Bitcoin and other digital assets. In addition, crypto assets should be seen as investment vehicles, not funding currencies.

You can read up on the details here, and the strategists in question include Joyce Chang and Amy Ho.

The research note lays it out:

“In a multi-asset portfolio, investors can likely add up to 1% of their allocation to cryptocurrencies in order to achieve any efficiency gain in the overall risk-adjusted returns of the portfolio.”

As of this writing, Bitcoin, the world’s largest cryptocurrency is trading around the $48,000 mark, with a total market cap nearing $900 billion.

It started the year at a price level of nearly $29,000, but jumped to register an all-time high just north of $58,000. The result of it being that the total market cap of BTC crossed the $1 trillion milestone on February 20, 2021.

Since then, the price has tumbled a little, with the original crypto crashing nearly 20% after heavy selling pressure from retail traders.


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