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BofA Says Crypto Winter, Contagion Risk Concerns Are Overdone

The collapse of the Terra network was due to prioritization of mass adoption over price stability, the bank said.

Updated May 11, 2023, 6:03 p.m. Published May 19, 2022, 10:08 a.m.
Concerns of a crypto winter are overblown, Bank of America said. (Shutterstock)
Concerns of a crypto winter are overblown, Bank of America said. (Shutterstock)