Spanish bank BBVA is advising wealthy clients to invest up to 7% of their portfolio into Cryptocurrencies

Spanish bank BBVA is advising its wealthy clients to invest up to 7% of their portfolio in cryptocurrencies, specifically bitcoin and ether. This is a relatively unusual move for a large global bank, with regulators continuing to warn about the risks of cryptocurrencies. BBVA's head of digital & blockchain solutions, Philippe Meyer, believes that investing in cryptocurrencies can boost portfolio performance, and clients have been receptive to the advice so far.