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BofA Strategists Dial Back Predictions for a US Digital Dollar

  • Prior estimate ‘too optimistic,’ they say in new report
  • Other countries’ CBDCs could ‘pressure the dollar’s status’
A customer uses an ATM at a Bank of America branch in San Francisco.

A customer uses an ATM at a Bank of America branch in San Francisco.

Photographer: David Paul Morris/Bloomberg

Strategists at Bank of America Corp. are walking back a previous prediction that the US would issue its own digital dollar between 2025 and 2030, saying that the estimate now seems “too optimistic.” 

The US is still early in the research and development stage, Alkesh Shah and Andrew Moss wrote in a report Thursday. “An extensive set of complex design choices will need to be discussed before moving into any potential pilot phase,” they said.