.BankofAmerica says that digital asset products may attract the first billion users, but the next billion will likely require improved bridges between the fiat and crypto ecosystems and the creation of a crypto-native ecosystem. By willcanny99.
The crypto winter has failed to damp investor enthusiasm for blockchain technology. have not frozen investor interest in the sector, Bank of America said in a report Tuesday, following its Web3 & Digital Assets Day Conference, which took place last week.
The bank said some speakers pointed out that the most innovative projects were built during previous downturns in the market, and that recent declines, whilst painful, are “likely healthy for the ecosystem’s development over the long term.” Participants speaking at the event said regulatory clarity is critical for institutional and corporate engagement, which could ultimately speed up real-world use and result in mainstream adoption as consumer confidence in the sector increases, the note added.
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