Bank of America sees metaverse as a tremendous opportunity for crypto-holders. The strategist of the Bank of America stated that metaverse is a platform where crypto holders can widely use crypto. He said that “I Believe This Is A Massive, Massive Opportunity”.
Key Points:
- The strategist of the bank of america, stated that metaverse is a platform where crypto holders can widely use crypto.
- He said that Metaverse is a massive opportunity for blockchain technology.
- The strategist believes that the traditional business companies will attract more to the crypto. If the cryptocurrencies will use widely in metaverse.
Why Haim Israel, The Strategist Of The Bank Of America Sees In Metaverse:
Currently, Haim Israel is serving as the managing director of research and Global strategist at the bank of America. He is also the head of the global thematic investing research, ESG, and climate change team of the bank of America.
On Tuesday, he told the insider, that metaverse is a big opportunity for blockchain technology. Along with it, he further says that metaverse is a very big opportunity. Also, cryptocurrencies will be widely used in the metaverse. Moreover, He quoted:
“I believe this is a massive, massive opportunity. You need the right platforms. That is surely going to be a big opportunity for the whole crypto- ecosystem”.
The strategist, also anticipated that cryptocurrency will be widely used in the metaverse. Consequently, the traditional business companies will be more interested to invest in the crypto market.
He also said that “the present cryptocurrencies are volatile for this aim. We can expect some other sort of stable coins for use”.
The Bank Of America strategist further anticipated, that Metaverse is the platform where we can use cryptocurrencies as native currencies. Also, cryptocurrencies will use on a massive scale for transactions on metaverse.
In October, crypto caught the focus, when the well-known social media platform, Facebook announced the news of converting their name into Meta (Metaverse).
Decentraland Of The Sandbox Meta:
Doubtlessly, many brands and crypto developers are rushing to promote the digital world.
Decentraland platform is using decentralized crypto technology. This technology allows users to buy virtual lands, build the structure on virtual plots, and vote for the ruler of the economy.
Recently, a parcel of real estate on the Decentraland sold for $2.4 million. And on Tuesday, Republic Realm paid $4.3 million for a property of the sandbox metaverse.
A month back, Morgan Stanley of global investment bank said that “the metaverse is the upcoming big investment theme.”
However, last week Grayscale investment published a report that “The metaverse has a potential of $1 trillion business”
Also, you can connect on our official social account handles Instagram, Facebook, and Twitter. Here you can share your thoughts comments with us, as well you will stay updated with future news, offers, rules, and regulations about Crypto and NFT projects.
If you enjoyed reading our news then you should dare to leave comments and your feedback in the comment sections. And please share our news in your circles to help us grow.
As well, you can connect with us on our NFT based community on our social media accounts on Instagram, Facebook, and Twitter. Feel free to share your thoughts, and comments with us.
Disclaimer: We are not experts or financial advisors. Kindly, take your decisions at your own risk. As crypto investment contains risk. And our aim is to keep you aware of the current cryptocurrencies, and NFTs headlines.
