Bank of America Bets on Metaverse
Bank of America’s chief strategist, Haim Israel, shared some thoughts about the economic life in the metaverse. More specifically, he stated that the metaverse will be the main channel for cryptocurrency adoption, as the main currency for the entire world.
As metaverse is entering our life, cryptocurrencies will have greatest adoption there, a fact that will affect their price also. Price volatility will be a crucial factor, which will be decreased through extensive stablecoin use in the markets.
The value of metaverse worlds is getting higher and higher, reaching millions of $ and become a magnet for new investors. For now, Bank of America has predicted that there would be a close relationship between payments companies and other cryptocurrencies, for new applications, specialized for the metaverse.