Research note suggests Bank of America close to dealing crypto

The only way banks can fully embrace the blockchain technology now transforming finance is by dealing in cryptos.

Any leading bank publishing its first research piece on the cryptocurrency market needs to offer something meaty.

Alkesh Shah, a former tech sector strategist and analyst and now global crypto and digital asset strategist at Bank of America, proved himself up to the task on Monday, putting out a 141-page first note.

The opening sentence says everything. “With a $2 trillion plus market value and 200 million plus users, the digital asset universe is too large to ignore.”

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