JPMorgan Chase, the world’s largest bank by market capitalization, was able to share unfavorable comments about the cryptocurrency industry until recently. In particular, the CEO of the bank, Jamie Dimon, had reacted by saying that he thought cryptocurrencies were worthless. However, the bank continues to publish its ideas and assessments about the cryptocurrency industry.
In its latest report, JPMorgan presented an idea that could answer the question of “Bitcoin or Ethereum?”, which is also a topic of discussion among crypto money investors. According to the report, Ethereum may be a better choice for investors than Bitcoin. While Ethereum gained more than 500% in value in 2021, the increase in Bitcoin is around 96%.
Ethereum’s technologies are trusted:
In addition, JPMorgan offered a different perspective on why Ethereum is more of an option. The bank highlighted 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 is in the focus of investors:
On the other hand, a survey by Investing in the UK showed that 52% of investors were planning to invest in Etherum. Jesse Cohen from Investing stated that many expect the price of ETH to double by 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.
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