US Banking Titan Morgan Stanley’s Global Investment Committee (GIC) recommends a allocation of up to 4% of cryptocurrency portfolios, according to an October 1 record.
The 4% allocation is at the top of the GIC recommendations, which belongs to investors looking for “opportunist growth,” according to the Note, Shared with X by Bitwise CEO Hunter Horsley on Sunday.
Investors looking for balanced growth or growth market should allocate 2% and 3% respectively. However, for those looking for wealth care or income, the allocation should be 0%.
GIC describes the cryptocurrency as “a speculation and more popular type of ownership that many investors, but not all, will be sought to explore,” adding that its commentary is focused primarily on Bitcoin that said it was “similar to digital gold.”
For comparison, Blackrock and Honesty. Grayscale and Vaneck offered recommendations of 5% and 6%.
For many in the crypto industry, major financial institutions such as Morgan Stanley and Blackrock recommend any allocation Some banking execs labeled a “fraud”.
