Mahin Tipu

[BENGALURU] Bank of America will begin allowing its wealth advisers to recommend allocations to crypto in client portfolios from next month, the US lending giant said on Thursday (Dec 4), in a landmark moment for the digital assets sector.
Starting Jan 5, advisors at Bank of America Private Bank, Merrill, and Merrill Edge will be able to suggest several crypto exchange-traded products (ETPs) clients, without any asset threshold.
Clients whose assets met predetermined thresholds have had access to Bitcoin exchange-traded funds (ETFs) since early 2024, the bank said. However, the latest move evolves the role of advisors from executors of crypto orders to advisers.
As US President Donald Trump continues to push regulatory relief for the asset class, crypto has been benefiting from widespread institutional adoption.
Several of these investors prefer to hold crypto via ETFs and ETPs, which provide greater liquidity and security, and simplified regulatory compliance compared to managing the underlying asset directly.
“For investors with a strong interest in thematic innovation and comfort with elevated volatility, a modest allocation of 1 per cent to 4 per cent in digital assets could be appropriate,” said Chris Hyzy, chief investment officer for Merrill and Bank of America Private Bank.
Proponents of crypto have long championed it as a diversification tool against inflation and conventional assets.
However, critics warn against its volatility and security concerns as an asset class.
Bitcoin shed more than US$18,000 in November, as a record amount of money rushed out of the market, making this its largest monthly dollar loss since May 2021, when a number of cryptocurrencies collapsed.
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Today I'll share a little about Bomb's personal life. There's nothing to tell about my youth, but talking about my adult life, marriage, and children is a long story.
In 2019, my current wife and I decided to get married and have a wedding, but life wasn't like a dream. The Covid-19 pandemic hit, so we had to postpone the entire wedding for a year, the deposit was temporarily canceled, and the venue rental was lost.
In 2020, everything went more smoothly. My wife and I got married, but 6 months after the wedding, my wife went for a health check and was found to have thyroid cancer. Having children had to be postponed so my wife could have surgery and radiation treatment. After 2 years, in 2022, my wife overcame that terrible disease and her health gradually stabilized, and my husband and I began our journey to having children again.
12/09/2022 Luckily, my wife was pregnant, but life was ironic. When we were 4 months pregnant, when we went for a test, both my husband and I carried the gene for congenital hemolytic anemia and unfortunately, the baby in my wife's womb also carried a very severe form of the gene, the doctor advised us to abort the baby. My husband and I had to accept that.
In 2023, my wife and I continued this journey, but this time we decided to do IVF to ensure our baby was born healthy.
The first time, after 5 days of IVF, my wife tested and found that the Beta index was stable (a sign of pregnancy), but unfortunately, after 12 days, the Beta index dropped completely, the doctor concluded that the fetus in her womb was biochemically damaged.
I advised my wife to rest for a year to regain her health. In February 2024, my family decided to do IVF for the second time, this time transferring 2 embryos at a time and what was to come, came, everything went smoothly.
06/12/2024 My wife gave birth to twin girls, 2024 is called the year of the dragon for Asians, I often tease my wife that she gave birth to 2 little dragon girls. The happiness was like bursting when I first held 2 little angels in my arms.
I share here just to tell you that: No matter how difficult life is, how cruel fate is, as long as you are determined and try, you will overcome everything and succeed.
WISH YOU WILL BE SUCCESSFUL WITH THE DECISION AND PATH YOU HAVE CHOSEN
HAPPY BIRTHDAY TO MY 2 LITTLE DRAGON GIRLS! WISH YOU A LIFE OF PEACE