Bank of America specialists predict the fall of stock markets by the end of the year by more than 10% and offer to hedge risks with cryptocurrencies.
The current recession, out-of-control inflation and tightening Federal Reserve policy put significant pressure on the stock market. Given this background, cryptocurrencies may be a suitable tool for hedging risks, along with commodity assets. Business Insider reports it, citing a weekly note by Bank of America.
Analysts at the bank predict a decline of 11% in the S&P 500 Index by year end. They also expect an increase in the volatility of financial assets and rising rates in the government bond market. In these conditions, it will be possible to compensate for the losses with the help of cryptocurrencies, commodities and cash.
