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Bank of America and blockchain

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Photo by Taylor Simpson on Unsplash

Warren Buffet is regarded by many as the world’s most intelligent investor, and he has said on separate occasions that crypto has no value. Many financial experts and policymakers believe the blockchain industry is worthless.

Bank of America has been studying blockchains and the applications that run on them for over a year, including crypto and NFTs. Bank of America asserted that crypto and the blockchain industry generally have intrinsic value despite being unpredictable. “It’s creating a whole ecosystem of new companies and new opportunities and new applications.” In the near future, it may help unlock your cell phone or help you buy a pair of jeans.

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