It’s December 2, 2025, and Bitcoin just closed the month of November like a boxer who’d taken one too many body shots. The price dipped below $84,000 today after sliding as much as 8% to $83,824 yesterday, wiping out nearly 30% from its early-October peak above $126,000. Ether’s not faring much better, down 36% over the last seven weeks. The whole crypto market cap has shed about $1 trillion since that high-water mark, and yet here comes Bank of America with a fresh memo to its 15,000 wealth advisors: Go ahead, recommend up to 4% of client portfolios to digital assets. Starting January 5, they’ll even provide research coverage on four spot Bitcoin ETFs—Bitwise’s BITB, Fidelity’s FBTC, Grayscale’s Mini Trust, and BlackRock’s IBIT.