Bank of America now allows its wealth management advisors to recommend clients allocate 1% to 4% of their investment portfolios to cryptocurrencies. The policy will take effect on January 5, 2026, marking its entry into the ranks of other major financial institutions expanding their cryptocurrency investment offerings. Meanwhile, market speculation suggests that former President Trump may nominate Kevin Hasset to be the next Federal Reserve Chair around January 9. Market expectations are that this move could lead to dovish policy shifts, increased liquidity, and potentially boost cryptocurrency asset prices.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Bank of America now allows its wealth management advisors to recommend clients allocate 1% to 4% of their investment portfolios to cryptocurrencies. The policy will take effect on January 5, 2026, marking its entry into the ranks of other major financial institutions expanding their cryptocurrency investment offerings. Meanwhile, market speculation suggests that former President Trump may nominate Kevin Hasset to be the next Federal Reserve Chair around January 9. Market expectations are that this move could lead to dovish policy shifts, increased liquidity, and potentially boost cryptocurrency asset prices.