December 8, 2023

Bank of America Analysts Predict Crypto Market Growth

Bank of America Analysts Predict Crypto Market Growth

Analysts from one of the largest American banks believe that the growth potential of the crypto market in the foreseeable futurethe future will be limited, but the growth itself will still be.

Bank of America stated that the cryptocurrencyThe community should not expect a crypto winter in the next six months. However, the bank's analysts expect that growth in the digital asset market will be limited by the US Federal Reserve's tightening policy and other macroeconomic factors.

However, banking experts cannot nametaking place in the market a serious stagnation. In their opinion, the level of acceptance of cryptocurrencies by society and the growth in the number of developments on the blockchain are now quite high.

Formerly a writer of an analytical note and a strategist at Bankof America Alkesh Shah stated that the statements and actions of official bodies have the most impact on the value of cryptocurrencies. As an example, he cited the US Federal Reserve's statement that they would have to raise interest rates in March.

Let us remind you that the head of international research at Bank of America, Candice Browning, reported that the bank has a group for studying blockchain and digital currencies.

Where is it more profitable to buy cryptocurrency? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

# Exchange: Website: Rating:
1 Binance (Editor's Choice) 9.7
2 Huobi 7.4
3 Exmo 6.9
4 OKEx 6.5
5 Bybit 6.3

The criteria by which the rating is set in our rating of crypto-exchanges:

  • Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
  • Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
  • Additional features and services— futures, options, staking, NFT marketplace.
  • Feedback and support– we analyze user reviews and the quality of technical support.
  • Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
  • final grade– the average number of points for all indicators determines the place in the ranking.

Bank of America Analysts Predict Crypto Market Growth