Bank Of America Says Bitcoin Crypto Too Large To Ignore

  • Bank of America (BofA) launched its digital asset research with the publication of a report entitled “Digital Assets Primer: Only the first inning.”
  • Bitcoin and cryptocurrencies are “too large to ignore,” wrote BofA strategists. “Our view is that there could be more opportunity than skeptics expect.”
  • However, lured into altcoin novelty, BofA strategists might end up losing focus of what is truly going to disrupt finance and money — Bitcoin.

Bank of America Global Research debuted its coverage of Bitcoin and cryptocurrencies earlier this week by publishing a report called “Digital Assets Primer: Only the first inning.” The research group, led by strategist Alkesh Shah, delved into the intricacies of the “new asset class,” however, much of the analysis carried a shortsighted perspective on Bitcoin.

Bitcoin and cryptocurrencies are “too large to ignore,” wrote strategists including Alkesh Shah and Jessica Reif Ehrlich. “Our view is that there could be more opportunity than skeptics expect.”



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