Bank of America now considers bitcoin $BTC to be one of the most disruptive forces of the last millennium, signaling that Wall Street recognizes its historical role in changing global financial power.
The global research division of Bank of America (BofA) has published a long-term chart depicting 1000 years of technological breakthroughs, in which bitcoin is named one of the most significant innovations in recent history. The chart, compiled based on BofA's global investment strategy and global financial data, tracks key breakthroughs—from the printing press to quantum computing—and correlates them with global population growth. Bitcoin is situated at the steepest part of the curve, indicating its impact during a period of rapid technological acceleration.
Among the many developments of the 21st century, bitcoin $BTC stands out for challenging traditional financial systems. Since its inception, bitcoin has become a decentralized alternative to state currencies and has spawned a rapidly growing industry of digital assets. Along with the World Wide Web, microprocessors, and electric vehicles, bitcoin is considered a systemic innovation rather than just a speculative asset. Its ability to enable peer-to-peer value exchange without intermediaries makes it a fundamental shift in monetary architecture.
Although Bank of America does not currently offer the ability to directly purchase bitcoins through its platform, CEO Brian Moynihan stated that the banking institution is ready to include cryptocurrency payments in its services as soon as the rules ensuring safety and legitimacy are clarified. At the World Economic Forum in January, the leader stated:
If the rules come into effect and make it a real tool that you can actually do business with, you will find that the banking system will strictly control the transactional side.
These efforts reflect a broader institutional shift towards digital assets, backed by a favorable regulatory environment for cryptocurrencies under the Trump administration.
