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Here’s why JP Morgan analysts recommend Ethereum over Bitcoin
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The rivalry between the top two cryptocurrencies, Bitcoin and Ether, has been messy and long drawn out. And this has presented an omnipresent dilemma for potential investors.
While each currency has its own competing qualities, analysts at financial services firm JP Morgan have asserted that investors would be better off holding Ethereum rather than Bitcoin at a time when interest rates are on the rise.
In a recently released report, a team of JPMorgan analysts, led by market strategist Nikolaos Panigirtzoglou, noted that the higher interest rates could prove to be detrimental to the “digital gold” Bitcoin, just as they do for traditional gold. However, since the Ethereum blockchain is the power hub of DeFi and NFTs, its far wider use cases
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