Bank of America's recommendation is huge for Bitcoin and crypto — what does the future hold? | Credit: CCN Key Takeaways Bank of America’s recommendation that clients hold up to 4% in Bitcoin and other digital assets marks a significant step. The bank is lowering barriers for high-net-worth investors to gain crypto exposure through investment vehicles. The return of net inflows into Bitcoin and Ethereum ETFs after weeks of outflows suggests renewed institutional interest. Bank of America has told ...

JPMorgan Chase has launched a $100 million tokenized money-market fund on Ethereum (ETH), adding fresh Wall Street backing to the world’s second-largest blockchain. Ethereum is trading around $2,926, down -1% in the past 24 hours, with a market cap of $353 billion, while Bitcoin (BTC) changes hands at $86,782 (-0.5% on the day). The move lands just as high-profile strategist Tom Lee reiterates a bold call for ETH to reach $20,000 within a year, sparking a debate over how fast institutional tokenization can ...

Is Tom Lee's price prediction backed up by JP Morgan's Ethereum launch? Key Takeaways The amount of Bitcoin needed to retire varies widely by location. The independent researcher provided a bullish outlook for Bitcoin. Market outlook remains divided. JPMorgan Chase’s latest move into blockchain-based finance is adding fresh institutional weight to Ethereum, as it launches its first tokenized money fund. The development comes as Fundstrat’s Tom Lee says Ethereum could be poised for a major price m ...