Bank of America: 99% of Crypto Assets Will Disappear

Key Points

1. Bank of America's report states that approximately 99% of the over 26,000 crypto assets in existence today will disappear.

2. The report distinguishes between 'crypto assets' and 'cryptocurrency,' noting that not all tokens are equally necessary.

3. Bank of America views tokenization as a long-term infrastructure trend, with markets increasingly adopting tokenized frameworks over time.

4. The report downplays the long-term utility of public blockchain networks, favoring regulated, permissioned systems for efficiency.

5. Only a small number of crypto projects with strong fundamentals are expected to survive, while the majority will not.