Cryptocurrencies have received a lot of focus in recent years as crypto market values have turned some small investors into wealthy investors. But with the number of tokens proliferating and numbering over 17,000, it's clear that many will not create wealth and it's critical to understand which tokens offer usefulness and potential longevity. Alkesh Shah joins us to discuss some of his new analysis and how daily active users, transaction count and developer activity can help indicate which blockchain platforms will grow and which will shrink. Regulation will play a key factor in the mass adoption of stable coins and how consumers can exchange their coins for dollars. Alkesh also discusses the use of NFTs and how they can grow from digital art to an ownership contract or an event ticket.

"Bank of America" and “BofA Securities” are the marketing names for the global banking businesses and global markets businesses (which includes BofA Global Research) of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Securities, trading, research, strategic advisory, and other investment banking and markets activities are performed globally by affiliates of Bank of America Corporation, including, in the United States, BofA Securities, Inc. a registered broker-dealer and Member of FINRA and SIPC, and, in other jurisdictions, by locally registered entities.

©2022 Bank of America Corporation. All rights reserved.