- Bank of America (BofA) launched its digital asset analysis 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 may find yourself shedding focus of what is really going to disrupt finance and cash — Bitcoin.
Bank of America Global Research debuted its protection of Bitcoin and cryptocurrencies earlier this week by publishing a report referred to as “Digital Assets Primer: Only the first inning.” The analysis group, led by strategist Alkesh Shah, delved into the intricacies of the “new asset class,” nevertheless, a lot of the evaluation carried a shortsighted perspective on Bitcoin.
Bitcoin and cryptocurrencies are “too large to ignore,” wrote strategists together with Alkesh Shah and Jessica Reif Ehrlich. “Our view is that there could be more opportunity than skeptics expect.”
