Analysts at one of the largest US banks believe that the growth potential of the crypto market in the foreseeable future will be limited, but the growth itself will still be.
Bank of America said that the crypto community should not expect a crypto winter in the next six months. However, the bank’s analysts expect the growth of the digital asset market to be limited by the tightening of the US Fed’s policy and other macroeconomic factors.
However, banking experts cannot call what is happening on the market a serious stagnation. In their opinion, the level of acceptance of cryptocurrencies by society and the growth in the number of developments on the blockchain are now quite high.
Earlier, Alkesh Shah, the author of an analytical note and Bank of America strategist, stated that the statements and actions of the authorities have the most impact on the value of cryptocurrencies. As an example, he cited the US Federal Reserve’s statement that they would have to raise interest rates in March.
Recall, the head of international research at Bank of America, Candice Browning, reported that the bank has a group for the study of blockchain and digital currencies.
Source: Bits
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