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Digital assets are too big to ignore them - News
Global Research at the Bank of America has started to deal with crypto and debuted with a report that says that "digital assets are too great to ignore them". The bank found that digital assets "create an entire ecosystem of new companies, new opportunities and new applications," said the bank: "This is growing, this is mainstream and not just Bitcoin." Bank of America presents crypto research in front of the Bank of America on Monday the start of her "Digital Asset Research" with the publication of a report entitled "Digital Assets Primer: Only the First Inning". The bank wrote: The ...
Digital assets are too big to ignore them - News
Global Research at Bank of America has started to deal with crypto and debut with a report that says that "digital assets are too great to ignore them". The bank found that digital assets "create an entire ecosystem of new companies, new opportunities and new applications," said the bank: "This is growing, this is mainstream and not just Bitcoin."
Bank of America introduces crypto research
The Bank of America announced the start of her “Digital Asset Research” on Monday with the publication of a report entitled “Digital Assets Primer: Only the First Inning”. The bank wrote:
The report notes that digital assets are too big to ignore them.
In the announcement, it says: "The primer offers an investment framework for the digital asset landscape." The topics treated include smart-contract applications, stable coins, digital central bank currencies (CBDCS) and non-fungible tokens (NFTS).
The Bank of America's crypto research team was founded in July. It is headed by Alkesh Shah, the head of the Global Cryptocurrency and Digital Asset Strategy Bank. Shah said:
Bitcoin is important, but the digital asset ecosystem is so much more. Our research aims to examine the effects on various industries such as finance, technology, supply chains, social media and games.
CANCE Browning, head of Bank of America Global Research, commented: "Digital assets change the functioning of markets, companies and central banks. The Bank of America offers a market-leading global payment platform and blockchain expertise, and the addition to Digital Asset Research strengthens the depth and width of our offers for investors."
In an interview with Bloomberg TV, Browning said that the introduction to the "growing institutional interest" and the massive appetite of private customers can be attributed.
"If you look at the number of companies that mention Krypto in their profit calls, this rose from around 17 last year to about 147 in the last quarter," she said and added:
This grows, this is mainstream, and it's not just Bitcoin ... these are digital assets and it creates an entire ecosystem of new companies, new opportunities and new applications.
What do you think that the Bank of America Krypto research starts? Let us know in the comment area below.
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