An analyst at Bank of America: bitcoin “key barriers” can appear as collateral
According to foreign media reports, Bank of America MerrillLynch recently released a new report that once started to become mainstream bitcoin currency, banks will accept it.
According to CNBC reports, the report outlines the method of encryption and other commodities currency balance, safety and liquidity as a potential factor. Said the report’s author is Francisco Blanche (FranciscoBlanch), the MerrillLynch Bank Chief Commodities and derivatives analyst.
Blanch believes that if banks started bitcoin products as collateral in the form of currency, a watershed moment will come.
In the report, Blanch believes that if banks started bitcoin products as collateral in the form of currency, a watershed moment will come, although this is a key obstacle”.
FranciscoBlanch: “yet know what are the main mechanism to encrypt the currency as collateral.”
Blanch bitcoin and commodities such as gold and silver are compared, pointed out that in the past year, bitcoin market volatility is regarded as a level of the precious metals market is lower than after.
According to CNBC, “bitcoin volatility and the euro, yen and even gold is very high compared to. However, last year, it fell below the silver wave, which is 400 years of world currency fluctuations.”
Although not the public opinion, but the customer report and other Wall Street analysts (e.g. investment bank) issued a report echoes. The company began publishing two with bitcoin related customer comments since the summer.