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Bank of America’s Survey of Wealthy Americans: Younger People Are 7.5 Times More Likely to Hold Crypto in Their Portfolios

Bank of America’s Survey of Wealthy Americans: Younger People Are 7.5 Times More Likely to Hold Crypto in Their PortfoliosBank of America has found that younger wealthy Americans are 7.5 times more likely to hold crypto in their portfolios than investors aged 43 and older. “If the youngest cohort isn’t confident in stocks, where do they see opportunities for investment growth? Alternatives, including cryptocurrencies, which are their No. 1 choice,” the bank wrote. Young […]

Billionaire Mike Novogratz Issues Warning, Says Bitcoin Is Unlikely To Hit a New High Without Macro Assistance

Bank of America Predicts US Recession This Year as Inflation Hits 40-Year High

Bank of America Predicts US Recession This Year as Inflation Hits 40-Year HighBank of America has forecasted that the U.S. economy will slide into a recession this year. “A number of forces have coincided to slow economic momentum more rapidly than we previously expected,” the bank’s economists said. US Economy Heading Into a Recession This Year, Says Bank of America Bank of America’s economists now expect a […]

Billionaire Mike Novogratz Issues Warning, Says Bitcoin Is Unlikely To Hit a New High Without Macro Assistance

Bank of America: Consumer Interest in Crypto Remains Strong

Bank of America: Consumer Interest in Crypto Remains StrongBank of America’s new report explains that “despite the sharp correction in crypto valuations, consumer interest in the sector remains strong.” The report, which includes the bank’s new crypto survey, also shows “growing interest” in cryptocurrency’s use as a means of payment. Bank of America’s Inaugural Crypto Survey Bank of America Global Research published a […]

Billionaire Mike Novogratz Issues Warning, Says Bitcoin Is Unlikely To Hit a New High Without Macro Assistance

Bank of America: 90% of US Adults Surveyed Plan to Buy Crypto in 6 Months

Bank of America: 90% of US Adults Surveyed Plan to Buy Crypto in 6 MonthsA new Bank of America survey shows that out of more than 1,000 U.S. adults, 90% plan to buy crypto in the next six months. Moreover, nearly 40% of respondents revealed that they use cryptocurrency as a means of payment. Bank of America’s Crypto Survey Bank of America (BOA) analyst Jason Kupferberg shared his crypto […]

Billionaire Mike Novogratz Issues Warning, Says Bitcoin Is Unlikely To Hit a New High Without Macro Assistance

Bank of America Strategist Warns ‘Recession Shock’ Is Coming, Analyst Says Crypto Could Outperform Bonds

Bank of America Strategist Warns ‘Recession Shock’ Is Coming, Analyst Says Crypto Could Outperform BondsOn Friday, Bank of America’s (BOFA) chief investment strategist Michael Hartnett explained in a weekly financial note to clients that the U.S. economy could head into a recession. The BOFA strategist’s note further detailed that cryptocurrencies could outperform bonds and stocks. BOFA Strategist Notes inflation Shock Is Worsening, Cryptocurrencies Could Outperform Bonds and Stocks Bank […]

Billionaire Mike Novogratz Issues Warning, Says Bitcoin Is Unlikely To Hit a New High Without Macro Assistance

Bank of America Says Solana Could Take Market Share From Ethereum, Become the Visa of the Crypto Ecosystem

Bank of America Says Solana Could Take Market Share From Ethereum, Become the Visa of the Crypto EcosystemBank of America’s analyst says that Solana could take market share away from Ethereum. Noting that Solana is optimized for micropayments, gaming, and non-fungible tokens (NFTs), the analyst expects “Solana could become the Visa of the digital asset ecosystem.” Bank of America on Crypto, Ethereum, and Solana Bank of America (BOFA) analyst Alkesh Shah published […]

Billionaire Mike Novogratz Issues Warning, Says Bitcoin Is Unlikely To Hit a New High Without Macro Assistance

Bank of America COO Says He’s Come Around to Idea of Bitcoin Being Store of Value: Report

The chief operating officer of Bank of America is now reportedly open to the idea that Bitcoin (BTC) could be a store of value asset. Market Insider reports that during a conference hosted by crypto insights firm Chainalysis on Thursday, Tom Montag said he doesn’t view crypto as a threat to the banking industry. “I […]

The post Bank of America COO Says He’s Come Around to Idea of Bitcoin Being Store of Value: Report appeared first on The Daily Hodl.

Billionaire Mike Novogratz Issues Warning, Says Bitcoin Is Unlikely To Hit a New High Without Macro Assistance

Bank of America Executive Sees Crypto as Asset Class: ‘I Don’t View It as Competition at All’

Bank of America Executive Sees Crypto as Asset Class: ‘I Don’t View It as Competition at All’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 […]

Billionaire Mike Novogratz Issues Warning, Says Bitcoin Is Unlikely To Hit a New High Without Macro Assistance

Bank of America’s Crypto Research Debuts: Digital Assets Are ‘Too Large to Ignore’

Bank of America’s Crypto Research Debuts: Digital Assets Are ‘Too Large to Ignore’Bank of America’s Global Research has begun covering crypto, debuting with a report stating that “digital assets are too large to ignore.” Noting that digital assets are “creating a whole ecosystem of new companies, new opportunities, and new applications,” the bank said, “This is growing, this is mainstream, and it’s not just bitcoin.” Bank of […]

Billionaire Mike Novogratz Issues Warning, Says Bitcoin Is Unlikely To Hit a New High Without Macro Assistance

Bank of America Sees Long Road Ahead for Coinbase to Become the ‘Amazon of Crypto Assets’

Bank of America Sees Long Road Ahead for Coinbase to Become the ‘Amazon of Crypto Assets’Bank of America has initiated coverage of Coinbase Global. The bank has identified several factors that could boost Coinbase’s revenue. Regarding the crypto exchange’s plan to become “the Amazon of crypto assets,” Bank of America says it is “still in very early stages of development.” Bank of America Awaits Concrete Signs of Progress Against Coinbase’s […]

Billionaire Mike Novogratz Issues Warning, Says Bitcoin Is Unlikely To Hit a New High Without Macro Assistance