[Delio] BofA Says ‘Crypto Winter’ Haven’t Frozen Investor Interest
According to the Bank of America (BAC) report, investor interest in the sector has not been frozen by concerns about crypto winter, crypto media CoinDesk reported on June 28.
Following the bank’s “Web3 & Digital Assets Day” conference, in the released report there was no doubt in the event that blockchain technology and the digital asset ecosystem are here to stay, and the bank remains optimistic about digital assets being widely adopted.
As stated in the note, client engagement continues to grow, with a focus on the rapid development of blockchain technology. The participants agreed that regulatory clarity is essential for institutional and corporate engagement, which could speed up mainstream adoption and real-world use.
Bank of America says digital asset products might attract the first billion users, but the next billion will require the development of a crypto-native ecosystem that bridges the fiat and crypto ecosystems.
It argues that blockchain technology represents the most significant evolution in software since the internet, and Web3 applications have the potential to transform all sectors of the economy.
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