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Home Ethereum News

Best Crypto Wallet To Invest With

cryptofiy.com by cryptofiy.com
13 July 2025
in Ethereum News, Latest News
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BBVA Switzerland Advocates Cryptocurrency Investments for Wealthy Clients

At the prominent DigiAssets conference held in London, Philippe Meyer, the Head of Digital & Blockchain Solutions at BBVA Switzerland, announced a new investment approach tailored for private banking clients. The bank is urging these clients to consider allocating between 3% and 7% of their portfolios to cryptocurrencies, specifically highlighting Bitcoin (BTC) and Ethereum (ETH). This marks a significant change in the perspective of conventional financial institutions towards digital assets.

Advisory Insights for Diversifying Portfolios

Meyer pointed out that the investment guidance caters to varying client risk appetites. He remarked, “Since last September, we have been advising clients on Bitcoin,” indicating a rising acceptance of cryptocurrencies in wealth management practices.

For clients with a higher risk tolerance, the bank allows up to 7% of their portfolios to be allocated to cryptocurrencies. Meyer noted that even a conservative investment of 3% can enhance overall portfolio returns while not substantially increasing risk. “In a diversified portfolio, a 3% inclusion already improves performance. At that threshold, you’re not assuming considerable risk,” he affirmed.

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Rising Trust in Digital Assets

BBVA’s guidance indicates a broader trend of institutional trust in cryptocurrencies, moving away from past reluctance about investing in digital assets. This recommendation is based on established principles of risk diversification, suggesting that Bitcoin can act as a non-correlated asset that helps buffer against macroeconomic fluctuations, while Ethereum is recognized for its role in smart contracts and decentralized finance (DeFi).

Meyer observed that the integration of cryptocurrencies into high-net-worth portfolios became markedly more common in 2021. However, detailed recommendations emerged only after the regulatory environment stabilized and market conditions improved.

The Discussion: Self-Custody vs. Bank Custody

BBVA provides bank-managed custody solutions through its Swiss operations, employing regulated frameworks to protect client assets. Despite these institutional-grade offerings, Meyer encouraged investors to also consider the benefits of self-custody, particularly for those allocating sizable portions of their portfolios to cryptocurrencies.

Advantages of Self-Custody

  1. Complete Control: Investors hold their private keys, mitigating the risk of limited access during regulatory challenges.

  2. Improved Privacy: Self-custody decreases exposure to third-party oversight and reporting.

  3. Operational Stability: Self-custody guarantees access even if a custodial service faces technical issues or regulatory hurdles.

  4. Reduced Costs: Utilizing a self-custody wallet allows investors to conduct transactions without incurring management fees or foreign exchange premiums typically associated with bank services.

Meyer’s Vision for the Future of Crypto

Philippe Meyer believes that cryptocurrencies are on a path to becoming a recognized asset class. He states, “Cryptos are evolving into assets comparable to any others,” emphasizing that developments such as the introduction of U.S. spot Bitcoin ETFs and enhanced custody services are transforming cryptocurrencies into essential elements of well-structured investment portfolios.

Impact on Other Financial Institutions

BBVA’s suggestion of a 3% to 7% crypto allocation not only represents a significant advancement for traditional banks, but also sets a precedent for other European banks, such as Santander, that may soon follow suit. As client interest in cryptocurrency investments grows and regulatory landscapes become better defined, we could see similar actions from institutions previously cautious about digital assets.

Conclusion: Adapting to a Transformative Financial Landscape

The recommendations issued by BBVA Switzerland represent a critical turning point in the interplay between traditional finance and digital currencies. Investors interested in integrating cryptocurrency into their portfolios should consider pairing their allocations with self-custody solutions to enhance control and security over their digital assets. As regulatory frameworks develop and the market continues to grow, discussions regarding cryptocurrencies are likely to intensify, solidifying their role in the evolving landscape of finance.

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