Wells Fargo digital assets are an “innovation on a par with the internet, cars and electricity”
Wells Fargo, a household name in banking, has just released a special report stating that digital assets are as groundbreaking as the discovery of electricity.

Wells Fargo, the fourth largest bank in the US by market capitalization, has released a special report titled “Understanding Cryptocurrencies,” which compares to the invention of “the internet, cars, and electricity.”

Internet of Value
Produced by its Global Investment Strategy Team, the report published in early August optimistically called digital assets “the building blocks of a new Internet.” A comment addressed to Wells Fargo investment clients indicated that the advancement of digital assets will bring “new investment possibilities and opportunities.”

“Many expect to be the building blocks of a new Internet, the Internet of Value…

The Internet of Value is likely to be as disruptive to the world of finance as the original Internet was to communications and information. What it can mean for investors”.

However, it is a term that makes a lot of sense when defining the difference between web 2.0 and web3. The following image compares the two.

Wells Fargo, the fourth largest bank in the US by market capitalization, has released a special report titled “Understanding Cryptocurrencies,” which compares to the invention of “the internet, cars, and electricity.”

Produced by its Global Investment Strategy Team, the report published in early August optimistically called “the building blocks of a new Internet.” A comment addressed to Wells Fargo investment clients indicated that the advancement of digital assets will bring “new investment possibilities and opportunities.”