Ethereum (ETH) has outperformed Bitcoin (BTC) throughout the year. However, Bitcoin still remains the most valuable crypto. However, it is also thought that Ethereum can surpass Bitcoin in the long run.
JPMorgan analysts recently published a report on cryptocurrencies and their potential. Although the report acknowledged what Bitcoin could do, it was stated that Ethereum could surpass Bitcoin in the coming years. The report contrasted the benefits of both assets. While it was concluded that Bitcoin was better for monetary policy, it was emphasized that Ethereum was superior, basically.
“Invest in Ethereum”
In JPMorgan’s report, it was stated that Ethereum is a better investment tool compared to Bitcoin. Although Bitcoin is still more valuable, it was underlined that Ethereum could give better results when looking at the increase rate.
The most important reason for this is that with the increase in interest and inflation rates, investors flock to DeFi, which offers more attractive interest rates compared to traditional finance. Considering that the vast majority of DeFi protocols are built on the Ethereum blockchain, it will pave the way for greater adoption and consequently has more room for growth than Bitcoin.
NFT, gaming coins and stablecoins were also mentioned in JPMorgan’s report. The reach of Ethereum is seen more from every angle.
Bitcoin has grown at a rate of 96% per year, while Ethereum has surpassed 500%. If growth rates continue like this, Ethereum could surpass Bitcoin’s market value in the next five years.
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