Bank of America compares Bitcoin with the most revolutionary inventions of history

According to a new research note from the Bank of America, Bitcoin plays in the same league as the printer press and the model T.

Analysts of the country's second largest bench arguethat the long -term effect of cryptocurrency could compete with the most disruptive technologies in history – in the context of the 21st century, however, they classify them in a number of social media, iPhone and artificial intelligence.

In view of the often tense relationship of the banking sector and digital assets, this view is remarkable. However, the Bank of America has previously been optimistic: a customer memo from 2013 already described Bitcoin's “considerable growth potential”.

CEO Brian Moynihan recently pulled a clear border between stable coins and the broader cryptomarkt and forecast that banks would “get into the blockchain from the transaction page”.

In fact, the Wall Street Journal reported in March that the Bank of America is examining the development of a consortium-based stable coin in order to ward off the competition from crypto-native issuers. At the beginning of the year, the bank also announced a modest participation in Spot-Bitcoin ETFs and holds hundreds of blockchain-related patents.

Taken together, the latest research note – and the silent, ongoing experiments of the bank – indicate that the largest players in Wall Street may prepare to integrate Bitcoin and Blockchain deeper into traditional finance, even if public rhetoric remains careful.

Alexander has been working in the crypto industry for three years and has made a name for himself during this time through his active participation in observing the market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional obligation, but a deep personal passion. He follows the news from the industry every day, analyzes trends and is enthusiastic about every new step in the development of blockchain solutions. His enthusiasm drives him to constantly learn and share his knowledge because he sees the future in the digital financial world and its role in global transformation.