Bank of America’s research team has announced that the digital asset universe is now too big to ignore.
In Bank of America’s report submitted to Coin Bulletin on Monday, “We believe crypto-based digital assets can create a whole new type of asset.” statement was included.
Alkesh Shah, who heads the bank’s cryptocurrency research unit, said: “Bitcoin is important. But the digital asset ecosystem (from bitcoin) much more” In the report, the applications in the Ethereum (ETH) blockchain are mentioned. “changing different industries in finance, insurance, law, real estate and more” focused on potential.
“In the near future, you may be using blockchain technology to unlock your phone, buy a stock, house or part of a Ferrari, receive dividends or a loan, lend or save money, or even pay for gas or pizza.”
Bank of America, which founded its crypto research unit this summer, has some customers, as CoinDesk reported in July. trading bitcoin futures contracts also gave the green light.
In the digital asset universe decentralized application (dApp), stablecoin, digital central bank coin (CBDC), non-fungible token (NFT) Researchers talking about factors such as 1.7 billion people He stated that he can benefit from financial services by using decentralized applications.
The biggest risk in the near term is regulation
For the crypto money market, whose total value has exceeded $ 2 trillion, worldwide regulation studies continue.
In the Bank of America report; central banks digital assets like bitcoin to payment systems as a risk by the U.S. Securities and Exchange Commission (SEC) decentralized finance applications It was stated that it could put pressure on him.
“Near-term your biggest risk We think that there is uncertainty in the legislation. However, once the digital asset rules have been established, investor participation (in this area) will increase in the long run. thanks to regulations may increase.”