{"id":12871,"date":"2021-10-05T16:54:07","date_gmt":"2021-10-05T16:54:07","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/bank-of-americas-crypto-research-debuts-digital-assets-are-too-large-to-ignore\/"},"modified":"2021-10-05T16:54:07","modified_gmt":"2021-10-05T16:54:07","slug":"bank-of-americas-crypto-research-debuts-digital-assets-are-too-large-to-ignore","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/bank-of-americas-crypto-research-debuts-digital-assets-are-too-large-to-ignore\/","title":{"rendered":"Bank of America\u2019s Crypto Research Debuts: Digital Assets Are \u2018Too Large to Ignore\u2019"},"content":{"rendered":"

Bank of America\u2019s Global Research has begun covering crypto, debuting with a report stating that \u201cdigital assets are too large to ignore.\u201d Noting that digital assets are \u201ccreating a whole ecosystem of new companies, new opportunities, and new applications,\u201d the bank said, \u201cThis is growing, this is mainstream, and it\u2019s not just bitcoin.\u201d<\/strong><\/p>\n

Bank of America Debuts Crypto Research<\/h2>\n

Bank of America announced Monday the launch of its \u201cdigital asset research\u201d with the publication of a report titled \u201cDigital Assets Primer: Only the first inning.\u201d The bank wrote:<\/p>\n

Report finds digital assets are too large to ignore.<\/p>\n

The announcement explains that \u201cThe primer provides an investment framework for the digital asset landscape.\u201d The topics it covers include smart contract applications, stablecoins, central bank digital currencies (CBDCs), and non-fungible tokens (NFTs).<\/p>\n

Bank of America\u2019s crypto research team was formed in July. It is led by Alkesh Shah, the bank\u2019s head of Global Cryptocurrency and Digital Asset Strategy. Shah said:<\/p>\n

Bitcoin is important but the digital asset ecosystem is so much more. Our research aims to explore the implications across industries including finance, technology, supply chains, social media and gaming.<\/p>\n

Candace Browning, head of Bank of America Global Research, commented: \u201cDigital assets are transforming the way in which markets, businesses and central banks operate. Bank of America offers a market-leading global payments platform and blockchain expertise, and the addition of digital asset research further strengthens the depth and breadth of our offerings for investors.\u201d<\/p>\n

In an interview with Bloomberg TV, Browning explained that the launch was due to \u201cgrowing institutional interest\u201d and the massive appetite among retail clients.<\/p>\n

\u201cIf you look at the number of corporates mentioning crypto on their earnings calls, that\u2019s gone from about 17 last year to about 147 in the most recent quarter,\u201d she detailed, adding:<\/p>\n

This is growing, this is mainstream, and it\u2019s not just bitcoin \u2026 this is digital assets and it\u2019s creating a whole ecosystem of new companies, new opportunities, and new applications.<\/p>\n

What do you think about Bank of America launching crypto research? Let us know in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nNews, Bank of America, bank of america bitcoin, bank of america crypto, bank of america cryptocurrency, Bitcoin research, BOA, Bofa, Crypto Ecosystem, Crypto Research, cryptocurrency research<\/p>\n","protected":false},"excerpt":{"rendered":"

Bank of America\u2019s Global Research has begun covering crypto, debuting with a report stating that \u201cdigital assets are too large to ignore.\u201d Noting that digital assets are \u201ccreating a whole ecosystem of new companies, new opportunities, and new applications,\u201d the bank said, \u201cThis is growing, this is mainstream, and it\u2019s not just bitcoin.\u201d Bank of…<\/p>\n","protected":false},"author":0,"featured_media":12872,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-12871","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/12871"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=12871"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/12871\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/12872"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=12871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=12871"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=12871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}