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3232Bank of America Executive Sees Crypto as Asset Class: ‘I Don’t View It as Competition at All’
https://www.digit.info/bank-of-america-executive-sees-crypto-as-asset-class-i-dont-view-it-as-competition-at-all/
Sun, 07 Nov 2021 01:00:01 +0000https://www.digit.info/2021/11/07/bank-of-america-executive-sees-crypto-as-asset-class-i-dont-view-it-as-competition-at-all/Read more]]>Bank of America’s chief operating officer does not see cryptocurrency as competition. Instead, he views it as an asset class, noting that “people like it for all sorts of different reasons.” Bank of America’s COO on Crypto: ‘I Don’t View It as Competition at All’ Bank of America COO Tom Montag talked about cryptocurrency Thursday […]
]]>Bank of America Establishes Cryptocurrency Research Team
https://www.digit.info/bank-of-america-establishes-cryptocurrency-research-team/
Thu, 08 Jul 2021 23:30:00 +0000https://www.digit.info/2021/07/08/bank-of-america-establishes-cryptocurrency-research-team/Read more]]>Bank of America has become the latest major bank to make a foray into the cryptocurrency sector. According to an internal memo, the bank has created a team dedicated to researching cryptocurrencies. Bank of America believes that it is “uniquely positioned to provide thought leadership” on cryptocurrencies and the technology behind them. Bank of America […]
]]>Bank of America Says the Only Good Reason for Holding Bitcoin Is ‘Sheer Price Appreciation’
https://www.digit.info/bank-of-america-says-the-only-good-reason-for-holding-bitcoin-is-sheer-price-appreciation/
Fri, 19 Mar 2021 02:30:52 +0000https://www.digit.info/2021/03/19/bank-of-america-says-the-only-good-reason-for-holding-bitcoin-is-sheer-price-appreciation/Read more]]>Bank of America sees no good reason to own bitcoin other than “sheer price appreciation.” The firm’s strategists found that the cryptocurrency’s “inflation hedging benefits are not particularly apparent.” Bank of America also claims that bitcoin does not offer diversification benefits and is “impractical as a store of wealth or payments mechanism.” Bank of America […]
Bank of America’s chief operating officer does not see cryptocurrency as competition. Instead, he views it as an asset class, noting that “people like it for all sorts of different reasons.” Bank of America’s COO on Crypto: ‘I Don’t View It as Competition at All’ Bank of America COO Tom Montag talked about cryptocurrency Thursday […]
Bank of America has become the latest major bank to make a foray into the cryptocurrency sector. According to an internal memo, the bank has created a team dedicated to researching cryptocurrencies. Bank of America believes that it is “uniquely positioned to provide thought leadership” on cryptocurrencies and the technology behind them. Bank of America […]
Bank of America sees no good reason to own bitcoin other than “sheer price appreciation.” The firm’s strategists found that the cryptocurrency’s “inflation hedging benefits are not particularly apparent.” Bank of America also claims that bitcoin does not offer diversification benefits and is “impractical as a store of wealth or payments mechanism.” Bank of America […]