BITCOIN

Bank of America says ignoring bitcoin crypto is too big

  • Bank of America (BofA) began researching its digital assets by publishing a report entitled “Digital Asset Primer: Only the First Inning”.
  • Bitcoins and cryptocurrencies are “too big to ignore,” wrote BofA strategists. “Our view is that skeptics may have more opportunities than expected.”
  • However, in the temptation of Altcoin innovation, BofA strategists may lose focus on what is going to disrupt money and money. Bitcoin.

Bank of America Global Research launched coverage of bitcoin and cryptocurrency earlier this week in a report titled “Digital Asset Primer: Only the First Inning”. The research group, led by strategist Alkesh Shah, fell into the “new asset class” complexity, however, much of the analysis carries a far-sighted view of Bitcoin.

Bitcoin and cryptocurrencies are “too big to ignore,” wrote strategists including Alkesh Shah and Jessica Rife Ehrlich. “Our view is that skeptics may have more opportunities than expected.”



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