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Bank of America has placed Bitcoin alongside revolutionary inventions like the internet and electricity, signaling strong institutional recognition of crypto’s long-term potential. Despite regulatory hurdles, BoA’s blockchain patents and strategic positioning suggest growing traditional finance adoption. This shift could pave the way for broader institutional entry into the crypto market.
- BoA compares Bitcoin to historic innovations like the internet and electricity, reinforcing its long-term significance.
- The bank holds hundreds of blockchain patents, signaling preparation for a digital finance future.
- Regulatory clarity, including the GENIUS Act, could unlock broader institutional crypto adoption.
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