Bitcoin Ranked Alongside British Pound as BofA Ends Currency Debate
2025-07-11 15:21:19
Main Idea
Bank of America has recognized Bitcoin as a currency, placing it alongside traditional currencies like the British Pound and Swiss Franc, which may signal growing institutional acceptance of Bitcoin.
Key Points
1. Bank of America validated Bitcoin as a currency, comparing it to the British Pound (GBP) and Swiss Franc (CHF).
2. Bitcoin's price reached an all-time high (ATH) of $118,856.47, with a 6.02% increase in the last 24 hours.
3. Former Binance CEO Changpeng 'CZ' Zhao expressed bullish sentiment, suggesting Bitcoin's value could rise further.
4. The recognition by a major U.S. financial institution like Bank of America may encourage broader institutional adoption of Bitcoin.
Description
Bank of America has recognized Bitcoin as currency like GBP and CHF
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