[ad_1]
Strategists at Bank of America said that Metaverse is a huge opportunity, and cryptocurrencies will be widely used as currencies. “I absolutely believe this is a huge opportunity,” he said.
Bank of America’s Lunar New Year Forecast
Haim Israel, a strategist at Bank of America, told Insider on Tuesday that Metaverse is a huge opportunity for blockchain technology. In addition, he expects that it will make cryptocurrency mainstream.
Israel is the research managing director and global strategist for Bank of America. He is also the head of Bank of America Merrill Lynch’s global thematic research team. He elaborated:
I absolutely believe this is a huge opportunity…you need the right platform…this is definitely a huge opportunity for the entire ecosystem.
The Bank of America strategist predicted that Metaverse is “the place where we will start using cryptocurrency as currency” and emphasized that people will eventually start to use cryptocurrency for transactions.
However, the research director believes that existing cryptocurrencies may fluctuate too much as a result, and certain types of stablecoins are expected to dominate.
When the social media giant Facebook changed its name to Meta, Yuan Festival attracted widespread attention in October.A piece of real estate recently on the virtual reality platform Decentraland Sell On Tuesday, Republic Realm purchased a property in The Sandbox metaverse for US$2.4 million for US$4.3 million.
Strategists at Bank of America also predict that if cryptocurrencies are widely used in Metaverse, traditional payment companies will be more interested in cryptocurrencies. “I see a lot of cooperation between the two,” he thought.
Earlier this month, the global investment bank Morgan Stanley Said Metaverse is the next big investment theme.Last week, Grayscale Investment released a report statement Metaverse may be a business opportunity worth US$1 trillion.
Do you agree with the views of the strategists at the Bank of America regarding Meta Universe? Please let us know in the comments section below.
Image Source: Shutterstock, Pixabay, Wikimedia Commons
Disclaimer: This article is for reference only. It is not a direct offer or invitation to buy or sell, nor is it a recommendation or endorsement of any product, service or company. Bitcoin Network Does not provide investment, tax, legal or accounting advice. The company or the author is not directly or indirectly responsible for any damage or loss caused or claimed to be caused by using or relying on any content, goods or services mentioned in this article.
[ad_2]
Source link
