Bank of America adds more firms to crypto research list

Team Luno
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  • Bank of America (BofA) has added a further 23 stocks to its equities research, “that may see market value expansion due to digital asset exposure,” according to a recent research note.
  • Earlier in October, the US bank launched a digital research team with a report listing 20 companies, and said that its research aims to “explore the implications across industries including finance, technology, supply chains, social media and gaming.”
  • In the latest research report to come from BofA, analysts cited a range of firms from credit card companies to social media juggernauts, including American Express and Facebook.
  • They also reiterated that at $2.5 trillion in market value and more than 200 million users, “the digital asset universe is too large to ignore.”
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Team Luno

On our way to the moon, we write about all things crypto. And don’t forget we’re humans too. Our blog conveys the views of Luno and the many unique opinions and characters within our team. We’ll never provide you with financial advice, and we urge you to conduct your own research before purchasing or trading any cryptocurrencies. It’s a brave new world out there, and the market can be volatile at times, so never trade with funds you can’t afford to lose. Want to let us know how much you love our blog? Tweet us @LunoGlobal.

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