Bank That Fueled 2008 Housing Crash Calls Bitcoin ‘Greatest Bubble in History’

Bank of America investment strategists are now calling the rise and fall of Bitcoin in late 2017 and early 2018 “one of the greatest asset price bubbles in history.” After nearing $20,000 in mid-December, the virtual currency fell to $6,598 in mid-April. It trades this morning at around $8,050. Merrill chief investment strategist Michael Hartnett […]

Bank of America Just Revealed How Horrified Wall Street Is by Cryptocurrencies

Bank Of America, a massive financial entity by any measure, is warning that cryptocurrencies could potentially undermine its entire business.  In a 13,000-word regulatory filing, the United States’ third-largest bank by assets mentioned cryptocurrencies three times in the documents “risk factors” section. This is the part of a corporate filing where a company has to […]