Author Topic: Bank of America analyst slams Bitcoin: Buying 1 BTC is ‘like owning 60 cars’ (Read 745 times)

Dociko · « **on:** March 18, 2021, 07:36:55 AM »

It looks like 2017 called and wants its Bitcoin condemnation back, with a Bank of America analyst reheating some long standing criticisms of BTC for its clients.
Bank of America analyst Francisco Blanch has slammed Bitcoin as "exceptionally volatile", "impractical" and an environmentally disastrous asset that's useless as a store of wealth or an inflation hedge.

For good measure Blanch also asserted the cryptocurrency is an impractical method of payment as it can only handle 1,400 transactions per hour compared to the 236 million transactions processed by Visa.
Source: Cointelegraph

Altcoins Talks - Cryptocurrency Forum · « **on:** March 18, 2021, 07:36:55 AM »

This is an Ad. Advertised sites are not endorsement by our Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise Here

kiwa · « **Reply #1 on:** March 18, 2021, 09:44:42 PM »

this mean bitcoin price same or can buy 60 cars
i think is amazing is true

News:

Author Topic: Bank of America analyst slams Bitcoin: Buying 1 BTC is ‘like owning 60 cars’ (Read 745 times)

Dociko

Bank of America analyst slams Bitcoin: Buying 1 BTC is ‘like owning 60 cars’

Altcoins Talks - Cryptocurrency Forum

Bank of America analyst slams Bitcoin: Buying 1 BTC is ‘like owning 60 cars’

kiwa

Re: Bank of America analyst slams Bitcoin: Buying 1 BTC is ‘like owning 60 cars’