BNY Mellon Releases Report On Future Bitcoin Valuations

BNY Mellon Releases Report On Future Bitcoin Valuations

BNY Mellon, the nation’s oldest banking institution, founded in 1784, released a March 2021 report today covering various valuations frameworks for bitcoin. This came on the heels of the bank’s early February announcement that it plans to create a digital assets unit. The report, titled “Blending Art & Science: Bitcoin Valuations” compared the attributes of bitcoin to other currencies and monetary assets, offering new insight into how one of the country’s oldest legacy financial institutions views the cutting-edge of money.

The report cited popular models such as Plan B’s stock-to-flow cross asset model (S2FX), and also explored Bitcoin’s evolving narratives over time, a concept originally explored by Nic Carter in a piece titled “Visions Of Bitcoin.”

pasted image 0 (1)
pasted image 0 (2)

While the report did not give any definitive price targets or expectations for the future trajectory of bitcoin, it was yet another positive endorsement coming from Wall Street, from the nation’s longest-standing banking entity. 

Published at Mon, 29 Mar 2021 20:33:38 +0000

ALTCOIN NEWS BITCOIN NEWS BLOCKCHAIN NEWS CRYPTOCURRENCY NEWS ETHEREUM NEWS EXCHANGES NEWS LITECOIN NEWS MARKET NEWS REGULATION NEWS
Gamestop
Important Facts of Gamestop Entering into Cryptomarket
UniFarm
UniFarm Raises $2 Million After Launching Innovative Farming Pool Featuring 17 Top DeFi Projects
XRP, FTX Token, Waves Price Analysis
#HODL #SHILL YOUR SH*T COIN! #SPOTTED! #VIRALS BITCOIN SCAM WATCH FUN QUIZZES
bitcoin-scams
Top 5 Bitcoin Scams you should be aware of!
Instagram Influencer Accused of Scamming Followers Out of $2.5M In Bitcoin Scams
five assorted color cars parked inside room
WHAT WILL YOU BUY WITH YOUR BULL MARKET GAINS?
FAQ'S INTRODUCTION TO BITCOIN INTRODUCTION TO BLOCKCHAIN INTRODUCTION TO CRYPTOCURRENCY EXCHANGES
Cryptocurrency
4 Amazing Perspectives of Cryptocurrency Characteristics, Everyone Should know
How bitcoin Transactions Work
Bitcoin For Beginners: 5 Plus Important Reasons Why You Should Understand The Future Impact of Bitcoin On Society
blockchain
5 Important points about Blockchain, Cryptocurrency, and Bitcoin(Safe or Not)
EXCHANGES WALLETS
coinbase
4 Best Crypto Coins on Coinbase
flat lay gadgets beside bearded man
ULTIMATE LIST : BEST BITCOIN AND CRYPTOCURRENCY WALLETS 2021
person shopping online
2021 BEST BITCOIN AND CRYPTOCURRENCY HARDWARE WALLETS TO STORE YOUR COINS SAFE

Get more stuff like this
in your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.