Especially with Ethereum getting popular with DeFi and NFT, there is a question that has come up frequently lately: Bitcoin or Ethereum?
This question, which is frequently asked by investors, seems to have started to be discussed by institutional investors as well. Banks such as Goldman Sach have recently taken a condescending attitude, referring to Bitcoin’s intense energy consumption, in fact, it was a harbinger of corporates turning to other coins.
JPMorgan, which has done a research at this point, stated that Ethereum is preferred by institutions more than Bitcoin. Taking a close look at CME futures, JPMorgan analysts pointed out that the weakening in BTC has started since July, and that institutions have shifted to Ethereum.
Analysts, who stated that Ethereum has much more usage area than Bitcoin and that it is much more complicated than BTC as a store of value, stated that institutions started to shift to ETH for these reasons.
Recently, Ethereum founder Vitalik Butrerin said, “You can think of Bitcoin as a calculator and ETH as a mobile phone. Bitcoin does one thing very well, but you can do everything with a mobile phone,” he underlined how ETH differs from BTC.
Now, based on the same examples, JPMorgan analysts, stating that institutions such as Goldman Sach have shifted to Ethereum, believe that we will see the separation of this in terms of price performance in the coming period.
#Ethereum founder @VitalikButerin, #cryptocurrency describing how he entered the industry #Bitcoin and Ethereum comparison.
Source: @BusinessInsider
Translation: @bitcoinsystem pic.twitter.com/ih9Mwb2ulq— Bitcoin System (@bitcoinsystem) August 2, 2021