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[Brazil's Largest Asset Management Company Recommends Allocating 3% to Bitcoin] Brazil's largest asset management company, Itaú Asset Management, recommends investors allocate 3% of their funds to Bitcoin to hedge against foreign exchange and market shock risks. Itaú stated that Bitcoin has a low correlation with traditional local assets, and there is no need to time the market, suggesting a disciplined, long-term investment strategy. Earlier this month, Bank of America approved wealth advisors to recommend a maximum Bitcoin allocation of 4%, while BlackRock suggested an allocation of 2%.