Bank of America adds more firms to crypto research list

  • Bank of America (BofA) has added a further 23 stocks to its equities research, “that may see market value expansion due to digital asset exposure,” according to a recent research note.
  • Earlier in October, the US bank launched a digital research team with a report listing 20 companies, and said that its research aims to “explore the implications across industries including finance, technology, supply chains, social media and gaming.”
  • In the latest research report to come from BofA, analysts cited a range of firms from credit card companies to social media juggernauts, including American Express and Facebook.
  • They also reiterated that at $2.5 trillion in market value and more than 200 million users, “the digital asset universe is too large to ignore.”
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