Bitcoin (BTC) has gained prominent recognition in the broader financial sector as Bank of America listed coins along with other currencies. Financial institutions have listed flagship cryptocurrencies among other currencies, such as the British pound, in the yearly returns of the 2025 Cross Asset recipients and losers.
Bank of America validates Bitcoin as currency
in post Shared by Matthew Sigel, Vanneck Head of Digital Assets Research, Bitcoin ranked number one on the benchmarked currency list against the US dollar. Currencies outweighed other currencies such as the Swiss franc, the euro and the Japanese yen.
This development ends the prolonged argument that Bitcoin is a storage for speculative assets or value. In particular, most traditional financial institutions have failed to grant proper approval to Bitcoin.
Bofa: Bitcoin is the currency pic.twitter.com/3i9job0lij
– Matthew Sigel, Recovering CFA (@matthew_sigel) July 11, 2025
However, for major US financial institutions like the US Bank, recognition of BTC is a sign of a major shift in traditional funds towards accepting cryptocurrency. This coincides with increasing adoption and institutional interest in Bitcoin, beyond previous speculative gains.
Before this recognition by the Bank of America, interest was growing from several traditional institutions. Metaplanet and Strategies, for example, are pivoting to Bitcoin by recognizing the value of assets in the financial sector.
CZ: “Bitcoin continues to rise”
In this perception, Bitcoin continues to be grateful, Reaching The highest ever (ATH) at $118,856.47. At the time of reporting, Bitcoin is exchange It represents a 6.02% increase over the last 24 hours at $117,856.47.
This development has led to Changpeng “CZ” Zhao, former CEO of Vinance, to be dropped. Important Message For investors who have not yet embraced digital assets. According to Zhao, Bitcoin will continue to be highly valued. So those who haven’t yet joined the train can still do so.
Recognition from Bank of America and bullish sentiment in the crypto market may push value even further in the current cycle.