Post
Topic
Board Economics
Re: Crypto threatens Bank of America?
by
chuongvannguyen02
on 08/03/2018, 15:15:26 UTC
What scares bank of america is that people would rather invest on crypto rather than on bonds. This would slow down the growth of the economy since cryptos are not yet included in a country's economic system.
The crypto attracted more investors than the bonds of the banks. But this is becoming increasingly complex as investors turn their back on stock trading. It makes banks increasingly lack capital from investors because more and more people withdraw their investments to invest in crypto.