JPMorgan Chase , the world’s largest bank by market capitalization , was able to post unfavorable comments about the cryptocurrency industry until recently. In particular, Jamie Dimon, the CEO of the bank, expressed that he thought cryptocurrencies are worthless and received a reaction . However, the bank continues to publish its ideas and assessments about the cryptocurrency industry.
JPMorgan, in its latest report, is the subject of discussion among crypto money investors, ‘ Bitcoin or Ethereum? ‘ offered an idea that could answer the question. According to the report, Ethereum may be a better choice for investors than Bitcoin. While Ethereum gained more than 500% in 2021, the increase in Bitcoin is around 96%.
Ethereum’s technologies are trusted:
In addition, JPMorgan has a different perspective on why Ethereum is still an option. He also offered ideas. The bank drew attention to the benefits offered by the technology underlying Ethereum . Ethereum is already taking the lead in the decentralized finance (DeFi) industry today, as well as NFTs. JPMorgan also stated that Ethereum is more resistant to higher real returns than Bitcoin.
Ethereum in the focus of investors:
On the other hand, a survey by Investing in the UK showed that 52% of investors plan to invest in Ethereum. Jesse Cohen from Investing stated that many expect the price of ETH to double in 2022 . On the other hand, he stated that Bitcoin does not seem to be slowing down, and that the rate of acceptance in the mainstream is likely to gain more momentum in the next year.
- This content is not investment advice.