Bank of America: cryptocurrencies better than stocksDwain Ross 14 / April / 22 Visitors: 25
There was even the fact that, according to analysts of the bank, digital assets may in the near future achieve better results than stock market shares.
Triple shock favorable for cryptocurrencie
Chief investment strategist at Bank of America Michael Hartnett believes that the deteriorating situation could lead to a recession shock in the US. In addition, there will soon be an increase in interest rates. Most analysts agree that this time rates will be raised by 50 basis points.
Michael Hartnett also points out that the inflationary shock is deepening, the shock of rates is just beginning, and the shock of recession is coming.
Time for cryptocurrencies?
Thus, both commodities and cryptocurrencies can bring investors greater returns than money placed in bonds and stocks.
At the end of March, we reported that the popular Bloomberg strategist is also bullish on investing in the most important cryptocurrency. Unification, according to him, before significant increases (reaching even the long-awaited $ 100,000) will fall around $ 30,000. For more information, see the article: Mike McGlone predicts that there will be a price collapse before the new ATH. It is also worth recalling the long-term forecast presented by Cathie Wood: Bitcoin per million dollars by 2030.
By the way, we encourage you to read the article bank of America: Solana can become the Vis of the digital asset ecosystem, which describes the bank's approach to one of the most popular blockchains of the last year.
Falls in the crypto marke
At the time of writing bitcoin (BTC) costs 42 504 USD. Over the past 14 days, the rate fell by 4.1%, and during the week by 8.1%. If the price of the cryptocurrency were to approach that of the last ath, the increases would have to exceed 62%.
What do you think of the forecasts presented by Bank of America? Is it really coming at a difficult time for the stock market, and will cryptocurrencies prove to be a better choice than stocks or bonds?