Although bitcoiners promote cryptocurrency as anti-inflationary “digital gold”, Bank of America (or BofA) claims that this is not the case. A recent company report indicates that the crypto asset moves much more similarly to risky assets such as stocks, and reached record correlations with the
On January 3, 2009 the Bitcoin blockchain saw its ‘genesis block‘ with a protest message: “The Times 03/Jan/2009 Chancellor on the brink of a second bank bailout”. It was the headline of an article in The Times newspaper, which reported that the government was considering
Bank of America launched a Research department for cryptocurrencies and digital assets, given the “growing institutional interest” and “huge appetite” among retail clients. “If you look at the number of companies that mention crypto in their calls where their portfolio results are debated, that volume
An executive at Bank of America (BofA) Securities, an investment division of the US multinational, said Bitcoin and other cryptocurrencies are creating new opportunities. According to Candace Browning, head of global research at BofA Securities, institutional interest in this new ecosystem is growing. In light
In the wake of the hard fork London, the market value of the Ethereum (ETH) has already surpassed $365 billion, representing 19.79% of the entire cryptocurrency market. As a result, the cryptocurrency surpassed Mastercard and Bank Of America in market value. As of this writing,
In a recent report, Bank of America highlighted some of the main advantages that El Salvador can have from adopting Bitcoin as a legal tender. Among them, they highlighted the possibility of opening business channels with foreign companies, such as those in the United States.
More than four in five (81%) fund managers believe that Bitcoin is in a bubble, according to a recent survey published by Bank of America. In addition, the survey found out that purchased commodities are now the “most congested trade,” with purchased bitcoin coming in
According to bank of america, for the first time in more than a year, global investment managers are more worried about the risk of inflation on markets than they are about the risk of Covid-19, a survey released on Tuesday found, as Wall Street looks