Bank of America has listed Bitcoin as one of the most disruptive innovations of the millennium.

Gate News bot message, American banks now list Bitcoin as one of the most disruptive forces of the millennium, marking Wall Street's awakening to its historic role in reshaping global financial power.

Bank of America (BofA) Global Research has released a long-term chart outlining 1,000 years of technological change and highlighting Bitcoin as one of the most significant innovations in recent history. Derived from Bank of America's Global Investment Strategy and global financial data, the chart tracks key technological breakthroughs, from the printing press to quantum computing, and compares them to global population growth. Bitcoin's presence near the steepest part of the curve shows its influence during a period of rapid technological acceleration.

Although American banks have not yet launched direct Bitcoin purchase services on their platforms, CEO Brian Moynihan stated that once relevant regulations are clarified to ensure safety and legality, the bank is ready to incorporate cryptocurrency payments into its services.

At the World Economic Forum in January this year, Moynihan stated: "If the rules are established and made into a real thing that can actually conduct business, you will find that the banking system will take a tough stance on transactions."

These efforts reflect a broader shift by institutions towards digital assets, supported by the Trump administration's backing of a favorable regulatory environment for crypto.

Source: Bitcoin.com News

BTC-0.71%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)