Bank of America calls for treating digital currencies as a risky asset class

Cryptocurrencies should be viewed as risky assets, according to a Bank of America report. Analysts at the bank are skeptical about the medium-term prospects for bitcoin and other virtual currencies.
Back in mid-summer, Bank of America recorded a weakening of investor interest in the innovative instrument.
Traders are frightened by the uncertainty in the stock markets. In this situation, the withdrawal of capital from the technology sector will continue. Cryptocurrencies, as a category of risky assets, will also suffer losses, Bank of America noted.

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