Bank of America sees metavers enormous opportunities for the entire crypto ecosystem-metaverse
Bank of America sees metavers enormous opportunities for the entire crypto ecosystem-metaverse
The strategist of the Bank of America says that the meta verse is an enormous opportunity in which cryptocurrencies are widely used as currencies. "I definitely believe that this is a huge, huge chance," he said.
Metaverse forecast of the Bank of America
The strategist of the Bank of America, Haim Israel, told the insider on Tuesday that the meta verse was an enormous opportunity for blockchain technology. He also expects cryptocurrencies to become a mainstream.
Israel is Managing Director of Research at Bank of America and a global strategist. He is also head of the global thematic research team at the Bank of America Merrill Lynch. He detailed:
I definitely believe that this is a huge, huge chance ... you need the right platforms ... that will definitely be a great chance for this entire ecosystem.
The strategist of the Bank of America predicted that in the metaverse "we will start using cryptocurrencies as currencies", and emphasized that people will finally start using cryptocurrencies for transactions to a large scale.
The research director, however, is of the opinion that existing cryptocurrencies are likely to be too volatile for this purpose and expects some types of stablecoins to dominate.
The meta-offs in October attracted a lot of attention when the social media giant Facebook changed its name in Meta. A plot of land on the Virtual Reality platform Decentraland was recently for 2.4 million US dollar and Republic Realm paid $ 4.3 million for a property in The Sandbox Metavers.
The strategist of the Bank of America also predicted that traditional payment companies will be much more interested in cryptocurrencies if they are widespread in meta verse. "I see a lot of collaboration between the two," he said.
At the beginning of this month, the global investment bank Morgan Stanley Interesting topic is. Last week Grayscale Investments published a report that the meta-several business option of 1 trillion US dollars.
Do you agree to the strategist of the Bank of America in relation to the meta -verses? Let us know in the comment area below.
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