According to recent reports from Bank of America and Reuters, Bitcoin is positioned as the favorite asset of investors and banks.
This Thursday morning, Bitcoin reached a new peak of US $ 52,577.5 with a market capitalization that exceeds the US $ 900,000 million. In less than 24 hours, the price of the coin increased by 5%. In 2021, in total, its value grew by 72%.
According to experts, the increases are due to the fact that more and more traditional companies invest and accept cryptocurrency as an investment asset. For example, weeks ago it was announced that the credit card company Mastercard and the traditional bank BNY Mellon, one of the oldest in the United States, accepted transactions and the use of cryptocurrencies in their services.
Mastercard "will begin supporting select cryptocurrencies" this year after seeing how "people use cards to buy crypto assets, especially during the recent rise in the value of bitcoin," reflecting an "unmistakable trend," he said on the blog Raj Dhamodharan, his vice president of digital assets and blockchain. Meanwhile, BNY Mellon said it has formed a special unit to develop "the first platform custody and administration" for digital assets and traditional industry with the aim of providing a "secure infrastructure to transfer, store and issue" those assets, according to a statement.
In this context, Bank of America, the second-largest bank holding company in the United States, surveyed 194 mutual fund managers with total equity of US $ 561,000. Of the total, 73% think that cryptocurrencies mark a new world economy. In addition, they suggest that investments in technology companies were in the background to make way for Bitcoin, the "most traded" asset, according to the entity. Now, 36% of investors surveyed are "attracted" to investing in Bitcoin.
On the other hand, according to a report by the Reuters news agency, Bitcoin and technology stocks are the two preferred assets in financial markets.
BNY Mellon, for its part, is not the first big-name financial firm to declare its interest in digital assets. Fidelity Investments announced plans in October 2018 to store and exchange bitcoins and ether, another digital currency, and a year later it obtained regulatory approval to operate the crypto business in New York. But the big difference is that Fidelity Investments is a manager and has greater freedom to invest and manage assets, while BNY Mellon is an investment bank, its main task is to protect and guarantee the assets of its clients, which is a new triumph for bitcoin when it comes to conquering the financial system.
0 Comments