Bank of America has applied for a patent with the United States Patent and Trademark Office for a new technology of funds transfers using digital currency.
Of the total number of participants, 43% agreed that long Bitcoin is currently the most crowded trade. Further, 75% of participants believe that Bitcoin is a bubble. Just less than 15% of fund managers say that BTC will outperform the market in 2021.
Owing to the risks of over buying and purchasing, banks across the U.S and Europe and banning crypto purchases through credit cards.
Bank of America has applied for a patent with the United States Patent and Trademark Office for a new technology of funds transfers using digital currency.