As was posted in several places today, Bank of America's Merrill Lynch Bans over seventeen thousand of their advisors from pushing or providing any services related to the Bitcoin GBTC (Grayscale's Bitcoin Investment Trust) As cryptocurrency is growing at an ever-increasing pace, this announcement comes as a rather short-sighted reaction. More and more banks as well as it is rumored that the G7 banks will adopt cryptocurrency into their investments makes one wonder if Merrill Lynch is serving the interest of their clients. Well only time will tell that and their clients will vote with the only means they have. If they are happy with not having access to the ever increasing profitability of the cryptocurrency markets, they will take their money to those that will serve their needs.
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
If you enjoyed what you read here, create your account today and start earning FREE STEEM!