Bank of America Advisers Endorse Bitcoin, But Tiny Allocation Surprises Investors
Bank of America advisers have, for the first time, been able to openly recommend Bitcoin following a technical change in the bank's internal guidance on January 5. The move removes a long-standing barrier that kept mainstream financial advisers from explicitly discussing the asset, signaling a meaningful step toward normalizing crypto within legacy wealth channels. Despite the symbolic breakthrough, the recommended allocations are tiny, and many market participants were surprised by how modest the exposure was. That limited sizing damped immediate price reaction but still matters for long-term adoption: institutional endorsement from a major U.S. bank reduces stigma and could unlock steady, incremental flows as other firms update policies and compliance frameworks. Analysts say the real test will be whether this becomes a trend across big banks or remains a cautious, low-conviction opening move.