In a report published by the well-established US bank Bank of America (BofA), it was suggested that the Ethereum (ETH) Merge update could encourage institutional firms to invest.
Last Friday, one of the largest banks in the USA, Bank of America In a report shared by the upcoming Ethereum Merge It was mentioned that the update may attract the attention of institutional investors. The report states that the notable decrease in energy consumption after Merge is a result of some institutional investors. first time buying Ethereum He was said to be a pioneer.
Bank of America analyst Andrew Moss The report addresses the following points:
The option to stake Ethereum with lower credit and liquidity risk and generate a higher quality return can increase institutional adoption.
According to the bank’s report increased yield and Ease of Use It may cause increases in Ethereum investments. Staking, which will provide significant passive returns to the investor, can also pave the way for users who were previously prevented from investing in the Proof of Work (PoW) system. According to these statements, if the update takes place successfully on September 15, altcoin on the side of bull run seems to have the potential to start.