Major Financial Institutions Open Up to Cryptocurrency Investment

Two major financial institutions have made significant changes to their investment policies, paving the way for increased adoption of cryptocurrency among their clients.

Bank of America has announced that it will allow its clients to invest up to 4% of their portfolios in cryptocurrency, without any minimum account threshold. This move is seen as a significant step towards mainstream acceptance of digital assets.

Morgan Stanley, on the other hand, has expanded access to cryptocurrency investments for all its clients, including those with retirement accounts. However, it has imposed a 4% cap specifically on growth-oriented portfolios.