Bank of America’s Hit Piece on Bitcoin

Stephen Perrenod
The Dark Side
15 min readApr 2, 2021

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Is Bitcoin dirty?

This month Bank of America Global Research issued a 49-page report on Bitcoin titled “Bitcoin’s Dirty Little Secrets” that comes across as a hit piece.

It has five main sections:

  1. What drives Bitcoin prices? 12 pages
  2. How does Bitcoin compare to traditional portfolio assets? 9 pages
  3. How does Bitcoin score on ESG? 11 pages
  4. Are CBDCs Kryptonite for crypto? 6 pages
  5. Is DeFi potentially more…

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Stephen Perrenod
The Dark Side

supercomputing expert, astrophysicist, technology analyst, orionx.net, author of DarkMatter, DarkEnergy, DarkGravity