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Tag Archives: bank of america

Bank of America: Crypto Can Outperform Stocks Amid Potential Fed-Propelled Recession

Bitcoin and other cryptocurrencies could outperform bonds and stocks amid a potential recession, noted Michael Hartnett, BofA’s chief investment strategist. In a recent note, he argued that the US Federal Reserve’s new policy could push the country and most of the world into such an economic state. Crypto to Blossom Amid Upcoming Recession? After years of trying to fight the consequences of the COVID-19 pandemic through enhanced expansion of its balance sheet, which is now...

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Chainlink To Drive Mainstream Adoption Of Blockchain Tech, According To Bank Of America

Chainlink – a blockchain oracle service provider – now has over $60 billion deposited into smart contracts. A recent analysis from Bank of America claims that the network will drive blockchain adoption across the gaming, gambling, and insurance industries, among others. Chainlink Driving Defi Growth According to a research report released on Wednesday, the firm believes Chainlink is currently a likely driver behind growing total value locked in decentralized finance (DeFi)....

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Bank of America Has High Hopes for Solana

Solana has caught the attention of Bank of America. In a recent statement, the financial giant stated that it feels Solana has what it takes to become the “Visa” of the cryptocurrency space. There’s a Lot of Hype Surrounding Solana The words came from the bank’s digital asset strategist Alkesh Shah, who clearly has high hopes for the altcoin. One of the main reasons for this thought is that Solana is one of several digital assets this week to experience great recovery....

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Bank of America: Solana Could Become The Visa of Crypto

Alkesh Shah – analyst at Bank of America – predicted Solana could continue to steal some of Ethereum’s market share as it’s easy to use and has significantly lower transaction fees. The strategist further asserted that Solana could become “the Visa” of the cryptocurrency industry. High Hopes for Solana Solana has been one of the top-performing cryptocurrency projects in the past 12 months. Its native token has increased its USD value by nearly 4,300% in one year and is...

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Bank of America: The Metaverse Is a Massive Opportunity for The Crypto Industry

Haim Israel – a strategist at Bank of America – believes the metaverse will create huge opportunities for blockchain technology. It will also cause digital assets to start being employed widely for financial transactions. Nonetheless, private tokens are too volatile, and stablecoins like Tether (USDT) and USD Coin (USDC) are more likely to prevail, he opined. The Metaverse Is The Future In a recent interview, the Managing Director and Global Strategist at Bank of America –...

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Bank of America: Bitcoin und DeFi sind die Zukunft!

Die Bank of America Corporation ist eine US-amerikanische Grossbank mit Hauptsitz in Charlotte, North Carolina. Das Unternehmen war seit Juli 2006 zeitweise das grösste Kreditinstitut der Vereinigten Staaten. Wie in vielen anderen Finanzinstituten hat nunmehr auch die Bank of America den Fokus auf den Markt mit Kryptowährungen gelegt. Dabei werden intensive Forschungen zu Bitcoin und Co. betrieben, da der Markt und die Möglichkeiten so gross sind,...

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Bank of America: Bitcoin is Important; The Crypto Industry is Too Large To Ignore

Bank of America has published its report “Digital Assets Primer: Only the first inning,” led by Alkesh Shah, head of Global Cryptocurrency and Digital Asset Strategy, providing an in-depth analysis of the current state of the blockchain industry from cryptocurrencies to DeFi and NFTs. The report says that the industries of cryptocurrencies and decentralized finance services have grown to the point of being “too large to ignore.” BofA’s researchers note that nearly 221 million...

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Bank of America: There Are Benefits to El Salvador Accepting BTC

As previously reported, El Salvador has become the first country in history to declare bitcoin legal tender. Several financial institutions – such as the World Bank – are not too happy about the situation, but while others like Bank of America admit that there is quite a bit of risk in making bitcoin legitimate money, there are also some potential benefits that may be getting ignored. Bank of America: El Salvador May Be on a Solid Track In a recent report, Bank of...

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Bank of America Reportedly Approves Bitcoin Futures Trading

After years of bashing Bitcoin, one of America’s largest banking establishments – Bank of America – seems to have completed its 180-turn. The organization has purportedly approved the trading of BTC futures. Citing two sources familiar with the matter, CoinDesk reported that the Wall Street behemoth will enable some of its customers to trade BTC futures. The plan to allow only a handful of clients to access the new service is because of the large amount of margin required to...

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Neues Forschungsteam der Bank of America beschäftigt sich mit Bitcoin

Die Bank of America Corporation ist eine US-amerikanische Grossbank mit Hauptsitz in Charlotte, North Carolina. Das Unternehmen war seit Juli 2006 zeitweise das grösste Kreditinstitut der Vereinigten Staaten. Die Bank of America, ihres Zeichens das zweitgrösste Kreditinstitut der Vereinigten Staaten, hat angekündigt, in Zukunft dem Krypto-Bereich ein spezialisiertes Forschungs-Team zu widmen. An dessen Spitze soll laut Bloomberg Alkesh...

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