The new green giant – The talk aroundecology have evolved enormously in recent years. Gone are the rearguard struggles of diminishing ecologists, the struggle against break now well established. Even the biggest polluters in the world like Uncle Sam have gone green and seem determined to change their ways. Wall Street is no exception and plans to inundate this new eco-responsible Eldorado with greenbacks. The merger is perfectly aligned with this new trend that is expected to place cryptocurrency Ethereum in the rare category of environmentally friendly goods. Green light to the institutions? Bank of America believe it.
Bank of America ready to bet on Ethereum after The Merge
When the analysts of the Bank of America (BOA) make a report, the small world of economics tends to read it carefully. BOA is still the second largest bank in the United States with 1900 billion deposits and is the seventh largest company in the world. This regards the pedigree of our interlocutor of the day. According to a document reported by the trade press, he expects the company from Charlotte, South Carolina The merger it could lead to greater adoption institutional.
The long-awaited shift in consensus – or feared – on the blockchain Ethereum it should take effect in the next few days. This is the transition from a proof of work (PoW) to that of proof of participation (PoS). But why anticipate a adoption greater after this event? Simply because blockchains printed “PoW” – how Bitcoin – have a bad ecological reputation. Not always true – even wrong – this argument, however, retains a significant detrimental effect for the general public and for investors concerned about theImage that they send back.
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Institutions have asked for a green thumb in 2022
Hence, being able to say that Ethereum “new version” is less intense energy it should allow a number of financial institutions to invest money in it … virtuously! But it’s not just this aspect of “The Merge” that matters smart money. In fact, in the participation test, the staking – delegation of tokens – allows you to validate transactions with a compensation. This is a new form ofinvestment specific to the blockchain and of growing interest for institutions.
In fact, you should know that big companies – like insurance companies for example – needinvest part of their reserves to be generated product. They often do this by “buying” the public debt or debt of other companies. Become validator Ethereum would be a new string added to their financial span. The benefits of the blockchain without its disadvantages ! The return is guaranteed without running the risk associated with volatility. Win-win, as they say on Wall Street.
When the blockchain will officially have its ” vert label“There is no doubt that many investors will flock to this new sector. Also, while waiting The merger, the ads multiply. We learn today that the Central Bank of Norway is set to build its central bank digital currency on Ethereum. And when we know the importance of ecology in this Scandinavian country, we understand that the second cryptocurrency on the market has everything to please institutional investors.
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