- Bank of America (BofA) launched its digital asset research with the publication of a report entitled “Digital Assets Primer: Only the first inning.”
- Bitcoin and cryptocurrencies are “too large to ignore,” wrote BofA strategists. “Our view is that there could be more opportunity than skeptics expect.”
- However, lured into altcoin novelty, BofA strategists might end up losing focus of what is truly going to disrupt finance and money — Bitcoin.
Bank of America Global Research debuted its coverage of Bitcoin and cryptocurrencies earlier this week by publishing a report called “Digital Assets Primer: Only the first inning.” The research group, led by strategist Alkesh Shah, delved into the intricacies of the “new asset class,” however, much of the analysis carried a shortsighted perspective on Bitcoin.
