Bitcoin News: BTC Joins iPhone & AI In Tech Milestones, Says Bank Of America

Key Insights:

• Bitcoin news: BofA likens BTC to major tech disruptors like the Model T and iPhone.
• The bank has supported Bitcoin’s potential since 2013.
• BofA is exploring stablecoin development with US banks.

Bank of America, with over $3 trillion in assets under management, has placed Bitcoin alongside groundbreaking innovations such as the printing press, the Ford Model T, the iPhone, and artificial intelligence in a new research note published in June 2025.

The comparison underscores Bitcoin’s growing stature more than a decade after the bank first called out the asset’s “growth potential” in 2013.

Bitcoin News and Historical Parallels

In its latest memo, BofA analysts drew parallels between Bitcoin’s network effects and those of past revolutions in communication and transport.

They argue that, like the printing press in 1440 or Henry Ford’s Model T in 1908, Bitcoin can democratize access—this time to financial services.

The bank goes further, grouping Bitcoin’s disruptive potential with the internet‑enabled iPhone (2007) and the rise of AI since 2015.

Bitcoin News: Bank Of America Flagged BTC Early

Bank of America first flagged Bitcoin in a client note in 2013, forecasting that the blockchain’s fixed supply and borderless design could reshape payments.

At that time, BTC traded near $100. Today, Bitcoin hovers around $107,000—even after a 2.5 percent pullback from its all-time high of $112,000

Despite years of hostility from incumbent banks, BofA’s evolving stance points to a broader institutional shift. In January 2025, CEO Brian Moynihan publicly distinguished stablecoins from other digital assets, citing their transactional utility.

Moynihan told analysts that stablecoins could “drive the next wave of banking transactions” by offering programmable, dollar‑pegged transfers without legacy rails.

Last March, the Wall Street Journal reported that Bank of America was exploring a joint stablecoin issuance with other major U.S. banks to counter competition from crypto‑native firms. Executives have since held talks under strict confidentiality, though no launch date has been set.

In February 2025, BofA disclosed minor exposure to Bitcoin exchange‑traded funds, signaling cautious, yet growing, crypto allocation on its balance sheet. That exposure remains under 0.1 percent of its overall portfolio, per filings.

Bank of America’s commitment to blockchain extends beyond commentary. The bank holds hundreds of patents related to distributed‑ledger technology, covering areas such as secure messaging, identity verification, and smart‑contract frameworks.

While most remain unused externally, they form a strategic war chest. Analysts say this IP portfolio positions BofA to license or deploy blockchain solutions as regulations evolve.

Stablecoin Versus Bitcoin

Moynihan’s comments and the WSJ report highlight a key nuance: BofA views stablecoins as a banking tool, separate from Bitcoin’s store‑of‑value role.

Stablecoins are backed by U.S. dollars, offering predictable settlement for merchants and corporate clients. Bitcoin, by contrast, remains volatile—better suited for digital gold than day‑to‑day payments.

This bifurcation echoes broader market trends. Institutional trading desks often access Bitcoin through regulated trusts or OTC desks, while stablecoin volumes on-chain exceeded $1 trillion in May 2025.

Bank of America’s green light on Bitcoin as a tech milestone lends further credibility to crypto’s maturation. But the path from academic learning to practical deployment remains cautious.

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