Thread by @farmerdbrown

"Our view is that the digital asset ecosystem is too big for institutional investors to ignore. This is not a fad." - @BankofAmerica

BOA recently released a 141 page "Digital Assets Primer". Here are my fave quotes 🧵👇

@BankofAmerica "Digital Assets are only in the first inning. The sector is too large to ignore; not just bitcoin, so much more" - @BankofAmerica 👇

"Even if you don’t care about the digital asset ecosystem, corporations certainly do." -
@BankofAmerica 👇

"It’s difficult to overstate how transformative blockchain technology, digital assets and the thousands of decentralized apps that have yet to be created could potentially be." - @BankofAmerica 👇

"dApps may bring financial services to many of the 1.7bn unbanked globally through a simple smartphone app." - @BankofAmerica 👇

"We believe to be the next generation of technology to be blockchain-based digital assets and applications." - @BankofAmerica 👇

"At $2.1tn, the digital asset ecosystem aggregate market value is now larger than the GDP of Italy or Canada." -
@BankofAmerica 👇

"Today, our financial infrastructure is centralized (difficult to move accounts), limits access (1.7bn unbanked), is inefficient (cross-border, settlement), lacks interoperability (proprietary applications) and lacks transparency (silos)." - @BankofAmerica 👇

Source: rsch.baml.com/access?q=o1xIN…