Bank of America Quietly Prepares for Crypto Shockwave With ‘On Chain’ Drilldown

Bank of America is accelerating Wall Street’s crypto pivot with a new research push dissecting stablecoins, tokenized assets, and the infrastructure poised to redefine digital finance. ‘On Chain’ Launch Signals Wall Street’s Deeper Dive Into Crypto Bank of America (BOA) Global Research has unveiled its new publication “On Chain,” aiming to track the rapidly shifting … Read more

Bank of America CEO: Delay on Stablecoins Could Let Tech Rivals Eat Banking’s Lunch

At a Morgan Stanley event in New York, Bank of America CEO Brian Moynihan revealed that the banking heavyweight is “working with the industry” on launching a stablecoin. Bank of America Boss Warns: Miss the Stablecoin Shift, and Competitors Will Feast Bank of America chief Brian Moynihan once again brought up the topic of stablecoins … Read more

Bank of America CEO Foresees Crypto Payment Boom With Clear Rules

Bank of America’s CEO foresees a crypto payment revolution, emphasizing banks will aggressively adopt digital currencies once clear regulations unlock their transactional potential. Bank of America CEO Envisions a Crypto Payment Boom Fueled by Regulation Bank of America CEO Brian Moynihan has discussed the potential for cryptocurrency payments to gain traction in the banking sector, … Read more

Bank of America Declares Gold the ‘Last Safe Haven’ Asset, Forecasts $3,000 Price

Bank of America sees gold as the last and ultimate safe-haven asset amid rising U.S. debt, urging traders and central banks to increase their holdings. With concerns over fiscal instability and mounting interest payments, the bank forecasts gold could hit $3,000 per ounce by 2025, reinforcing its role as a critical hedge against market volatility … Read more

Morgan Stanley’s 15,000 Financial Advisors Can Start Pitching Bitcoin ETFs to Clients Next Week: Report

Morgan Stanley is set to offer spot bitcoin exchange-traded funds (ETFs) to select clients through its 15,000 financial advisors starting next week. This marks a significant first for a major Wall Street bank. Advisors can pitch Blackrock’s Ishares Bitcoin Trust and Fidelity’s Wise Origin Bitcoin Fund to eligible clients, reflecting the growing acceptance of bitcoin … Read more

Peter Schiff Foresees ‘Explosive’ Growth in Silver Price

Economist and gold advocate Peter Schiff has urged investors to buy silver, highlighting its strong performance and potential for significant gains. “Silver is really strong,” he stressed, emphasizing: “An explosive move higher seems likely soon.” Schiff and several other experts see silver as a promising investment amid economic uncertainties. Peter Schiff Recommends Investing in Silver … Read more

Federal Reserve’s Operating Losses Hit $176 Billion, Analysis Reveals

According to an investigative report by Pam Martens and Russ Martens the owners and operators of wallstreetonparade.com, the U.S. Federal Reserve has been consistently incurring operating losses since Sept. 28, 2022, totaling $176 billion by June 19, 2024. These losses stem from the Fed paying out higher interest rates on reserve balances—5.4%—primarily benefiting megabanks such … Read more

Bank of America Forecasts Gold Reaching $3,000 in the Next 18 Months

Earlier this week, Bank of America analysts revealed that gold might reach $3,000 in the next 18 months, pushed by central bank demand and a Federal Reserve dovish turn. “Achieving this would require non-commercial demand to pick up from current levels, which in turn needs a Fed rate cut to happen,” Bank of America analysts … Read more