Bank of America News and Articles

Cryptocurrencies should be viewed as risky assets, Bank of America said in a report. Bank analysts are skeptical about the medium-term prospects for bitcoin and other virtual currencies. Back in the middle of summer, Bank of America recorded a weakening in investor interest in an innovative tool....

Bank of America released a note with the title "Digital Assets: In the Flow,” writing that it doesn't see a crypto winter as the market is active both in adoption and in project developments. Crypto trading analysis of individual and exchange wallets reveals a “lack of directional...

Many analysts view bitcoin as a hedging tool. In their opinion, cryptocurrency is digital gold that protects capital from inflation. However, Bank Of America analysts believe that BTC should be classified as a risky asset class and should not be called a hedging instrument. The report of the bank...

Bank of America’s analysts released a report, where they said that Central Bank Digital Currencies are an unavoidable advancement of the existing digital assets. As per a news article by Bloomberg, the experts said that the US digital dollar will be different from other digital assets. The main...

International financial services provider Bank of America's global crypto and digital asset strategist Alkesh Shah wrote in recent research that Solana has the potential to become the Visa of digital asset space. The note was published by BofA clients. The bank sent the paper after hosting Lily...

Many financial structures reacted extremely negatively to the decision of the El Salvadorian authorities to legalize bitcoin. The negative opinion was presented by the IMF and the World Bank. By contrast, the giant Bank of America believes the country could benefit from such a move. The bank's...

Bank of America, the second-largest US bank, has publicly tested the Ripple distributed ledger technology and may have further plans in this direction. A Ripple spokeswoman did not confirm or deny whether the bank is a client of fintech startups, noting only that the parties conducted a joint pilot...