Short YouTube commentary by Ben Simpson arguing that Bank of America’s new recommendation allowing advisors to allocate up to 4% of client portfolios to crypto is a major demand catalyst, since institutional/advisor-driven allocations control much of global capital and will drive the next leg of crypto price appreciation as adoption widens.
Guys. Massive news essay for crypto. The bank of America literally now recommending up to 4% crypto allocation for their clients. The reason why this is such big news is because most of the capital in the world actually isn't allocated by individuals, it's allocated by advisors. And in the past, advisors have not been able to recommend crypto to their clients. Now, if you're an advisor, you literally can with your clients as they walk in and ask where I should put my money this year, they're now going to put up to 4% of that in crypto. This is a huge area of demand for crypto purchasing and supply, making sure that everyone that actually has big money is allocating the crypto. As more and more catches onto this, this is going to continue to drive demand, and this is what's going to drive the next leg out.
