One of the largest banks in the U.S., Bank of America Corp (NYSE: BAC), has recently stated that Bitcoin (CRYPTO: BTC) cannot serve as an inflation hedge.
In its recent research paper, the bank mentioned that Bitcoin keeps trading in tandem with the U.S. stocks despite being promoted as a haven asset.
In the report, Bank of America analysts Alkesh Shah and Andrew Moss said that cryptocurrencies often moves …
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