Tag: Digital Assets
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Bank of America Approves Limited Digital Asset Allocations for Client Portfolios
Yesterday, Investment News, reported that Bank of America approved an advisor-endorsed allocation of from 1% to 4% of digital assets in portfolios owned by clients of Merrill, Bank of America Private Bank, and Merrill Edge platforms. Two years I attended a speech given by Ric Edleman, a major investment advisor, where he stated he had…
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Why BlackRock’s Larry Fink Is Bullish on Bitcoin
Because of an article in Cryptopolitan today, I asked AI for a little research on why Larry Fink, CEO of BlackRock, is strong on BitCoin. Although I still have my doubts about its long term value proposition, the resulting research does deserve careful consideration, especially since the thoughts of BlackRock’s CEO carry some weight. Here…
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SEC Considers Tokenizing Stocks for 24/7 Blockchain Trading
SEC is looking at letting stocks trade on blockchains as tokens. Per The Cryptopolitan Daily, “In practice: that means you could buy Tesla stock just like you buy ETH-24/7, instant settlement, global access.”Brokers and major banks are, understandably, opposed to the idea. It would have adecidedly negative impact on their businesses.