Bank of America Has Reportedly Set Up Crypto Research Team

Time and time again we have seen examples of corporations and their executives who bash Bitcoin and crypto only to change their tune. The latest is now Bank of America

Change of Heart? Bank of America Has Reportedly Set Up Crypto Research Team

“Just a few months after bashing bitcoin for its enhanced volatility and supposed impracticality, Bank of America has reportedly set up a new designated research team to look into digital assets.

Citing an internal memo, Bloomberg reported earlier that the giant US multinational investment bank is the next in line to join the cryptocurrency bandwagon.
According to the coverage, Bank of America has already established a new dedicated team to research cryptocurrencies.
Although few details are known as of now, Bloomberg said Alkesh Shah will be at the forefront of the new endeavor. He will report to Michael Maras – currently leading fixed-income, currencies, and commodities research at the bank.
‘Cryptocurrencies and digital assets constitute one of the fastest-growing emerging technology ecosystems. We are uniquely positioned to provide thought leadership due to our strong industry research analysis, market-leading global payments platform, and our blockchain expertise.’ – the memo purportedly reads.”


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