Bernstein analysts stated in a report published on Monday that institutional investors may turn to Ethereum in the next bull cycle.
Analysts, who made an assessment on the deposit yields in the USA, stated that the interest yield in banks is close to zero against the current inflation and therefore the dissolution in deposits is directed to the money markets.
The report states that smart money seeks more returns and in the process Ethereum It was stated that staking services could stand out more.
“The highest rates in the yield hierarchy are given in US dollars. A possible fall in interest rates and a development that will lead to a depreciation of the US dollar will make ETH returns more attractive.
ETH still remains deflationary.
The new cryptocurrency cycle will be about these returns. In the current financial system, banks do not share their earnings with their customers. However, ETH shares everything it earns with the stakers.
Demand for staking services increased after the Shanghai upgrade. Retail and institutional investor demand is behind this.”
As stated in the report, the demand for ETH staking services has increased recently. In fact, one-month queues occurred due to the intensity experienced in ETH staking services.
If the expectations of Bernstein analysts come true and the next cycle is driven by these returns, altcoins will benefit the most. Ethereum and there will be:
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