BNY Mellon Pubs Bitcoin Valuation Report

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.

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