Bank of America(US:BAC) 智通财经网·2025-12-05 07:05Group 1 - Bank of America will allow wealth advisors to recommend cryptocurrency investments starting January 5, 2024, marking a significant milestone for the digital asset industry [1] - Advisors from Bank of America Private Bank, Merrill, and Merrill Edge will be able to suggest various cryptocurrency exchange-traded products (ETPs) without any asset minimums [1] - The move shifts the role of advisors from merely executing cryptocurrency transactions to providing asset allocation advice [1] Group 2 - The cryptocurrency market faced a significant downturn in November, with Bitcoin's price dropping over $18,000 within a month, leading to record levels of capital withdrawal [2] - Merrill's report indicates a correlation between adoption levels and long-term value, but this relationship is uncertain, especially during speculative bubbles when asset prices may exceed their intrinsic value [2]