43 firms to benefit from crypto exposure: BofA crypto research team
Bank of America, a US megabank, has added 23 new companies to its research list of companies that can benefit from crypto exposure. The addition has taken the total count to 43 firms.
The financial giant launched its research-focused team in July, specializing in the crypto and digital assets market. It recently debuted research coverage of cryptocurrency and digital assets as more institutional investors showed interest in the field.
The research team released its first report on October 5 stating that the “digital asset universe is too large to ignore”. Along with this, the company listed 20 companies on the list of those firms that can expand their market share with crypto exposure. This time, the company added 23 more companies
The latest additions to the list are Accenture, Advanced Micro Devices, American Express, Applied Materials, Avery Dennison, Facebook, FedEx, HDFC Bank, Hewlett Packard Enterprise, IBM, Infosys, J.B. Hunt Transport Services, Mastercard, Microsoft, NVIDIA, Oracle, Procter & Gamble, Tesla, Taiwan Semiconductor, Twitter, Visa, Viacom, and Workday.
Workday. Companies such as Twitter and Tesla already hold Bitcoin whereas Facebook, IBM, Mastercard, Visa, and others are currently involved in the blockchain and cryptocurrency businesses.
The first 20 companies included financial and entertainment companies such as Morgan Stanley, JP Morgan, Fox Corporation, and Signature Bank. Major finance companies such as Morgan Stanley have already introduced Bitcoin investment products to their high net worth clients.
The post 43 firms to benefit from crypto exposure: BofA crypto research team appeared first on Our Bitcoin News.
OhNoCryptocurrency via https://www.ohnocrypto.com/ @Gauri Bhatia, @Khareem Sudlow
