Itaú Asset Management, a leading financial institution in Brazil, has advised investors to allocate 1%-3% of their portfolios to Bitcoin. The firm emphasizes Bitcoin's decentralized nature and its potential as a hedge and long-term investment. Renato Eid, head of beta strategies at Itaú, stressed the importance of maintaining discipline in the face of market volatility. Since 2021, Itaú has expanded its cryptocurrency services, including offering Bitcoin and Ethereum trading and a Bitcoin ETF. This recommendation marks a more conservative approach compared to Nubank's aggressive crypto strategy.