Morgan Stanley Suggests Up to 4% Crypto Allocation for Opportunistic Investors
October 7, 2025

Morgan Stanley’s Global Investment Committee (GIC) has recommended that investors consider allocating up to 4% of their portfolios to cryptocurrency, according to a note dated Oct. 1.

The guidance places the 4% allocation at the high end, targeting investors pursuing “opportunistic growth,” as highlighted in the note shared on X by Bitwise CEO Hunter Horsley. For investors seeking more moderate exposure, the GIC suggests 2% for balanced growth and 3% for market growth strategies. Investors focused on wealth preservation or income are advised to maintain a 0% allocation.

The committee described cryptocurrency as “a speculative and increasingly popular asset class that many investors, but not all, will seek to explore,” with its commentary focusing primarily on bitcoin (BTC), which it likened to “digital gold.”

By comparison, major ETF providers offer varied recommendations: BlackRock and Fidelity suggest allocations of roughly 2%, while Grayscale and VanEck have proposed 5% and 6%, respectively.

For the broader crypto sector, endorsements from established financial institutions like Morgan Stanley and BlackRock underscore the growing legitimacy of digital assets—marking a significant shift from earlier days when some banking executives dismissed cryptocurrency as a “fraud.”