Bank of America (BoA) follows the trend of cryptocurrency in response to the increasing user transaction demand and institutions’ interest. Bank of America announced to initiate research on this powerful digital asset system.
According to a Bloomberg report on Monday, Candace Browning, head of global research at Bank of America Securities, said in an interview that the cryptocurrency ecosystem is now mainstream and growing.
“This isn’t just Bitcoin anymore, this is digital assets and it’s creating a whole ecosystem of new companies, new opportunities, and new applications.”
This is the first time the Bank of America has established a digital currency research team led by Alkesh Shah as the red hot ecosystem continues to gain traction amongst all classes of investors in July this year.
The official report released on Monday by Bank of America Securities, a subsidiary of Bank of America, pointed out that the market value of the entire cryptocurrency industry has reached 2.15 trillion U.S. dollars. Such a large number makes people have to start to pay attention.
According to data from
Source: blockchain.news