Fidelity Exec Proposes 20% Crypto Allocation in New Portfolio

A Fidelity executive has unveiled a new 60/20/20 investment portfolio that makes room for cryptocurrency, citing growing institutional interest in digital assets.

The executive's proposed allocation includes 60% of the portfolio invested in traditional stocks and bonds, while 20% is allocated to real estate. The remaining 20% can be invested in alternative assets, including cryptocurrencies like Bitcoin.

This new approach acknowledges the growing importance of digital currencies in institutional portfolios, according to the executive. They also highlight the potential for diversification benefits that come with investing in non-traditional assets.