Skip to content
Real Cryptocurrency Hub

Real Cryptocurrency Hub

Crypto Comeback Pro is an auto trading platform that allows you to invest in the crypto market and start making money right away. Sign Up HERE

  • Home
  • Start Trading
  • English
    • English
    • Español
    • Italiano
    • Polski
    • Svenska
    • Deutsch
    • العربية
  • News
    • Mining
    • Bitcoin (BTC)
    • ATM
  • Guides
  • How To’s
  • Exchange/Wallet
  • Brokers
  • Bitcoin Price Prediction
  • ✉ Contact
  • Home
  • Bitcoin (BTC)
  • Bank of America has Changed Its Stance on Bitcoin and Cryptocurrencies
  • Bitcoin (BTC)
  • Crypto News
  • Cryptocurrency/Cryptocoin

Bank of America has Changed Its Stance on Bitcoin and Cryptocurrencies

Giovanni Hernandez October 10, 2021 2 min read

There has been a new report in circulation by the Bank of America taking into account the performance of the crypto market and cryptocurrencies all these years. The report concludes that the crypto market is not only massive but has managed to gain reputation and confidence from various institutional investors and traders over the years. About Bitcoin, the report says that it has become such an immersive digital asset that it is too large to ignore now.

The report mainly targeted the performance of all crypto-related assets in the past few years and has come to a conclusion that not only there is exponential growth within this sector, but the returns that have been handed out to the investors are extremely handsome. This makes crypto assets and the digital elements a favored domain among not only institutional investors but traders as well. Bank of America used to be very speculating when it came to the idea of decentralization and didn’t support cryptocurrencies in the past, but now it seems that it has come around.

Bank of America is Bullish on Crypto Market

But as the whole thing continued to roll and people handed out support in terms of investing within the market and the news of the amazing returns that they have been getting, many financial institutions, including the Bank of America, came around the whole idea of decentralization. The bank started offering its services to the elite class regarding crypto trading and withholding of their fiat investment into digital assets.

Now after the report has been made public, Bank of America is nothing but bullish on the prospect of exploring the crypto market to its further bounds and is currently delegating various projects and innovating programs regarding the crypto sector in the long run.

The report believes that the applications of blockchain technology are not only limited to finance but could also help in the exponential growth of social media, video games, and technology while also including the supply chain problem of the world. It is also believed that in the coming future, blockchain technology will be able to help propel various big corporations and global infrastructure to a whole other level. It is not only Bitcoin that the Bank of America is after now as it thinks that every other cryptocurrency deserves a chance as these are still is the very essence of decentralization, and that is why it shows promise.

Post Views: 426

Continue Reading

Previous: Blockchain Games and NFT Trading are Increasing Dapp Adoption by Tenfold
Next: Biggest Challenge for Crypto Regulation Is How to Deal With Decentralized Projects

Related Stories

Cosmos And Solana Experience Strong Gains While Cosmos Hits Highest Point Since May
2 min read
  • Crypto News
  • DeFi (Decentralized Finance)
  • Solana (SOL)

Cosmos And Solana Experience Strong Gains While Cosmos Hits Highest Point Since May

August 6, 2022
Hotbit Explains Why It Suspended Services For Clients Without Providing Resumption Timeframe
2 min read
  • Crypto News
  • DeFi (Decentralized Finance)

Hotbit Explains Why It Suspended Services For Clients Without Providing Resumption Timeframe

August 5, 2022
Argo Blockchain Has Been Paying Debt To Galaxy Digital By Cashing Out BTC
2 min read
  • Bitcoin (BTC)
  • Blockchain
  • Crypto News

Argo Blockchain Has Been Paying Debt To Galaxy Digital By Cashing Out BTC

August 4, 2022

Read our disclaimer

Name Price24H (%)
bitcoin
Bitcoin (BTC)
$24,675.00
0.88%
ethereum
Ethereum (ETH)
$2,000.46
0.31%
tether
Tether (USDT)
$1.00
0.00%
usd-coin
USD Coin (USDC)
$1.00
0.10%
binancecoin
BNB (BNB)
$328.25
-0.82%
cardano
Cardano (ADA)
$0.59
4.67%
ripple
XRP (XRP)
$0.389173
2.21%
polkadot
Polkadot (DOT)
$9.44
-0.94%
dogecoin
Dogecoin (DOGE)
$0.078782
7.60%
Uniswap
Uniswap (UNI)
$9.31
2.91%

Recent Posts

  • JP Crypto Review – a Recommended Crypto Broker

    JP Crypto Review – a Recommended Crypto Broker

    JP Crypto Review Suppose you are interested in trading cryptocurrencies but are hesitant to do so due to
  • Alfabtc Review – A Recommended Cryptocurrency Broker

    Alfabtc Review – A Recommended Cryptocurrency Broker

     Alfabtc Review Alfabtc is a competent brokerage firm known for its fast and efficient execution of trade. The
  • Cosmos And Solana Experience Strong Gains While Cosmos Hits Highest Point Since May

    Cosmos And Solana Experience Strong Gains While Cosmos Hits Highest Point Since May

    Cosmos (ATOM) A look at the data for Cosmos (ATOM) shows that on Thursday, it was trading at
  • Hotbit Explains Why It Suspended Services For Clients Without Providing Resumption Timeframe

    Hotbit Explains Why It Suspended Services For Clients Without Providing Resumption Timeframe

    On Thursday, Hotbit made a concerning announcement for the entire customer base. The cryptocurrency exchange notified the users
  • Argo Blockchain Has Been Paying Debt To Galaxy Digital By Cashing Out BTC

    Argo Blockchain Has Been Paying Debt To Galaxy Digital By Cashing Out BTC

    Argo Blockchain has been selling Bitcoin (BTC) that belongs to the blockchain’s holdings. The reason behind selling Bitcoin

Start Trading

Categories

Top Posts

  • Paul Krugman Lay Down His Arms against Bitcoin & Says “Bitcoin Will Stay”

    Paul Krugman Lay Down His Arms against Bitcoin & Says “Bitcoin Will Stay”

    In his recent Twitter post, Paul Krugman, states that he has done away with predicting and expecting the
  • MYTVCHAIN.COM LAUNCHES ITS MEO (MULTIPLE EXCHANGE OFFERING)

    MYTVCHAIN.COM LAUNCHES ITS MEO (MULTIPLE EXCHANGE OFFERING)

    From Beverly Hills (USA), Sophia Antipolis (France) and Singapore: MyTVchain announces today the launch of its multiple Exchange
  • COVID-19 Has Driven Bitcoin ATM Installations Growth to 85% This Year

    COVID-19 Has Driven Bitcoin ATM Installations Growth to 85% This Year

    Coronavirus has accelerated the growth of Bitcoin Automated Teller Machine (ATM) installations this year. Since the start of
  • Russia Expected to Introduce Tough Crypto Law

    Russia Expected to Introduce Tough Crypto Law

    The head of the Financial Market Committee of the lower house of Russian Parliament, the State Duma, said
  • Bit-Finance Review – Trading in Style

    Bit-Finance Review – Trading in Style

    Bit-Finance Review If you can select the right online trading platform right at the start of your journey,

Archives

You may have missed

JP Crypto Review – a Recommended Crypto Broker
3 min read
  • Brokers
  • Reviews

JP Crypto Review – a Recommended Crypto Broker

August 12, 2022
Alfabtc Review – A Recommended Cryptocurrency Broker
3 min read
  • Brokers
  • Reviews

Alfabtc Review – A Recommended Cryptocurrency Broker

August 10, 2022
Cosmos And Solana Experience Strong Gains While Cosmos Hits Highest Point Since May
2 min read
  • Crypto News
  • DeFi (Decentralized Finance)
  • Solana (SOL)

Cosmos And Solana Experience Strong Gains While Cosmos Hits Highest Point Since May

August 6, 2022
Hotbit Explains Why It Suspended Services For Clients Without Providing Resumption Timeframe
2 min read
  • Crypto News
  • DeFi (Decentralized Finance)

Hotbit Explains Why It Suspended Services For Clients Without Providing Resumption Timeframe

August 5, 2022
  • Kraken
  • OrbitGTM
  • Fxoro
  • KuCoin
  • Huobi
  • Bitfinex
  • PrimeXBT
  • CTmatador
  • DXCBIT
  • PrimeHolders
  • CMC Markets
  • XCGIN
  • Virtual Payout
  • Gamma Capitals
  • Towards Soure
  • CoinsMarkets
  • ArgoTrade
  • Global Solution
  • CTProz
  • Alfabtc
  • JP Crypto
Copyright © All rights reserved. | DarkNews by AF themes.
  • bitcoinBitcoin(BTC)$24,675.000.88%
  • ethereumEthereum(ETH)$2,000.460.31%
  • tetherTether(USDT)$1.000.00%
  • usd-coinUSD Coin(USDC)$1.000.10%
  • binancecoinBNB(BNB)$328.25-0.82%
  • cardanoCardano(ADA)$0.594.67%
  • rippleXRP(XRP)$0.3891732.21%
  • SolanaSolana(SOL)$47.00-0.04%
  • polkadotPolkadot(DOT)$9.44-0.94%
  • dogecoinDogecoin(DOGE)$0.0787827.60%
  • UniswapUniswap(UNI)$9.312.91%
  • bitcoin-cashBitcoin Cash(BCH)$145.63-0.07%