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3232Bank 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 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 […]