| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107237.7700000000 |
| ETH | $2427.9560000000 |
| BNB | $647.1294000000 |
| XRP | $2.1777290000 |
| ADA | $0.5631596000 |
| SOL | $149.7601000000 |
| DOGE | $N/A |
| DOT | $3.3877000000 |
| LTC | $85.9174000000 |
| LINK | $13.3316700000 |
Category: CRYPTO NEWS
The post Bitcoin News: BTC Joins iPhone & AI In Tech Milestones, Says Bank Of America appeared on BitcoinEthereumNews.com. Key Insights: Bitcoin news: BofA likens BTC to major tech disruptors like the Model T and iPhone. The bank has supported Bitcoin’s potential since 2013. BofA is exploring stablecoin development with US banks. Bank of America, with over $3 trillion in assets under management, has placed Bitcoin alongside groundbreaking innovations such as the printing press, the Ford Model T, the iPhone, and artificial intelligence in a new research note published in June 2025. The comparison underscores Bitcoin’s growing stature more than a decade after the bank first called out the asset’s “growth potential” in 2013. Bitcoin News and Historical Parallels In its latest memo, BofA analysts drew parallels between Bitcoin’s network effects and those of past revolutions in communication and transport. They argue that, like the printing press in 1440 or Henry Ford’s Model T in 1908, Bitcoin can democratize access—this time to financial services. The bank goes further, grouping Bitcoin’s disruptive potential with the internet‑enabled iPhone (2007) and the rise of AI since 2015. Source: BoFA Bitcoin News: Bank Of America Flagged BTC Early Bank of America first flagged Bitcoin in a client note in 2013, forecasting that the blockchain’s fixed supply and borderless design could reshape payments. At that time, BTC traded near $100. Today, Bitcoin hovers around $107,000—even after a 2.5 percent pullback from its all-time high of $112,000 Despite years of hostility from incumbent banks, BofA’s evolving stance points to a broader institutional shift. In January 2025, CEO Brian Moynihan publicly distinguished stablecoins from other digital assets, citing their transactional utility. Moynihan told analysts that stablecoins could “drive the next wave of banking transactions” by offering programmable, dollar‑pegged transfers without legacy rails. Last March, the Wall Street Journal reported that Bank of America was exploring a joint stablecoin issuance with other major U.S. banks to counter competition from crypto‑native firms. Executives have…
2025-06-17T18:45:13+00:00
https://bitcoinethereumnews.com/bitcoin/bitcoin-news-btc-joins-iphone-ai-in-tech-milestones-says-bank-of-america/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-news-btc-joins-iphone-ai-in-tech-milestones-says-bank-of-america