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Thursday

13 May 2021

Bitcoin vs Ethereum: Investment Bank JPMorgan Explains Why ETH Is Outperforming BTC – Markets and Prices Bitcoin News

Bitcoin vs Ethereum: Investment Bank JPMorgan Explains Why ETH Is Outperforming BTC – Markets and Prices Bitcoin News


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Citing several key reasons, the firm concluded that “there is evidence of more resilient liquidity, less reliance on derivatives markets to transfer and warehouse risk, and more durable underlying demand base – for now at least.”?

Noting that bitcoin is “more of a crypto commodity than currency,” JPMorgan said that “ETH is the backbone of the crypto-native economy and therefore functions more as a medium of exchange.” The analysts then asserted that “To the extent owning a share of this potential activity is more valuable … ETH should outperform BTC over the long run.”.

The JPMorgan analysts further detailed: “In the case of ether versus bitcoin, there is evidence of more resilient liquidity, less reliance on derivatives markets to transfer and warehouse risk, and more durable underlying demand base – for now at least.”

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Why Fiat Experts Don’t Get Bitcoin
published: 1 hour ago
There are various reasons traditional experts do not understand bitcoin and thus have negative views on it.

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