Bank of America analyst slams Bitcoin: Buying 1 BTC is like owning 60 cars.
Bank of America (NYSE 🙂 analyst Francisco Blanch has classified himself as “exceptionally volatile,” “impractical,” and environmentally harmful, useless as a wealth store or inflation hedge.
In good part, Blanch also claimed that the cryptocurrency was an impractical payment method as it could only process 1,400 transactions per hour, compared to the 236 million transactions processed by Visa (NYSE :).
Read on on Coin Telegraph
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