Bitcoin Gains Legitimacy as Bank of America Ranks It with GBP
Bank of America has recognized Bitcoin (BTC) as a currency, ranking it alongside the British Pound and Swiss Franc in its 2025 cross-asset returns report. Bitcoin topped the list of currencies against the U.S. dollar, outpacing the Euro and Japanese Yen, as shared by VanEck’s Matthew Sigel.
This move by a major U.S. bank ends the debate over Bitcoin’s status as a speculative asset, signaling growing institutional acceptance. Other firms like Metaplanet have also embraced BTC, reflecting its rising value in finance.
Bitcoin hit an all-time high of $118,8K, currently trading at $117,9K (up 4.% in 24 hours). Former Binance CEO Changpeng Zhao predicts further gains, urging investors to act.
Bank of America’s endorsement could drive more institutional adoption, boosting Bitcoin and the broader crypto market. The future looks bright as traditional finance embraces digital assets.
