A Bank of America executive opined that the value of the US dollar may continue to decline in the coming months. The US dollar index has already dropped significantly this year. A further decline will result in a significant shift in the markets of dollar-denominated assets like Bitcoin and gold.
Bitcoin is evolving as a prominent asset in financial institutions. The probability of Bitcoin users is high in range and the trend of BTC has hit differently overcoming many challenges. The Bank of America has come up with the idea of adopting Bitcoin as legal tender in El Salvador as
Bitcoin is a bubble, says 74% of survey respondents. There are 200 respondents with over $500 billion in AUM. Bitcoin has surged 9x over the previous year. A new survey by Bank of America found that 74% of professional investors see Bitcoin as a bubble. This shows that the investors
