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Bank of America Research: Bitcoin selected for the Millennial Innovation List, ranking alongside Internet microprocessors.
[Chain News] PANews, June 17 - The global research department of Bank of America has released a report listing Bitcoin among the most disruptive technological innovations of the past 1000 years. The long-term trend chart published by the bank shows that, from the invention of printing to key breakthroughs in Quantum Computing, Bitcoin is positioned in the steep section of the technology acceleration curve, alongside the internet, microprocessors, and electric vehicles, and is regarded as a systemic innovation rather than merely a speculative asset. The report emphasizes that Bitcoin challenges traditional currency systems through its Decentralization architecture and has propelled the rapid development of the digital asset industry.
Although Bank of America has not yet opened direct Bitcoin trading, its CEO Brian Moynihan stated that they will quickly integrate cryptocurrency payment services once regulations are clarified. At the Davos Forum this January, he mentioned that if rules are established to ensure security, the banking system will enter the cryptocurrency trading business on a large scale.