Bitcoin: The New Gold? Or Just Fool’s Gold? 💰😄

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Ah, the illustrious Bank of America has now deemed bitcoin a titan among the disruptive forces of the last millennium, as if Wall Street has suddenly awoken from a century-long slumber to realize that money can indeed be digital and, dare I say, a tad rebellious.

In a rather ambitious display, Bank of America (BofA) Global Research has unveiled a chart that spans a millennium of technological upheaval, placing bitcoin among the most significant innovations of our time. This chart, a product of BofA’s Global Investment Strategy and Global Financial Data, tracks the evolution of key breakthroughs—from the humble printing press to the enigmatic quantum computer—while juxtaposing them against the relentless march of global population growth. Bitcoin, it seems, has nestled itself near the steepest incline of this curve, a testament to its impact during an era of dizzying technological acceleration.

If the rules come in and make it a real thing that you can actually do business with, you’ll find that the banking system will come in hard on the transactional side of it.

Such sentiments reflect a broader institutional pivot towards digital assets, buoyed by a regulatory environment that has, under the Trump administration, shown a certain fondness for all things crypto. Who knew that the future of money would be so… entertaining? 😏

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2025-06-17 04:57