The wait for the long-awaited Ethereum Merge just got longer, leading analysts to discuss potential price outcomes for Ether.
On Friday, Bank of America’s (BOFA) chief investment strategist Michael Hartnett explained in a weekly financial note to clients that the U.S. economy could head into a recession. The BOFA strategist’s note further detailed that cryptocurrencies could outperform bonds and stocks.
BOFA Strategist Notes inflation Shock Is Worsening, Cryptocurrencies Could Outperform Bonds and Stocks
El Salvador made history in September 2021 by becoming the first country to officially recognize Bitcoin as legal tender.
A recent report from Pantera Capital said moves in the debt market and the Fed’s shifting monetary policy could be the fodder that fuels Bitcoin’s next monster rally.
El Salvador’s crypto mining potential is there but it will take some time and effort to come to fruition