|Buy blockchain not crypto… Peter Mallouk, certified financial planner and president of wealth management firm Creative Planning advises against cryptocurrencies claiming that it is on the verge of collapse. However, he does support blockchain, one of the technologies that powers cryptocurrencies.
BofA mixed feelings… Bank of America Tech Chief, Cathy Bessant is bearish on blockchain stating she is doubtful that blockchain will amount to anything, despite BofA having the most patents for it. The bank has 82 blockchain related patents, more than any other financial firm. In comparison JP Morgan has 6 patents.