The pressure on zero-yielding bank deposits is expected to continue, Bernstein said in a research report released Monday. Ethereum (ETH) announced that it makes its returns more attractive.
Analysts Gautam Chhugani and Manas Agrawal commented that there is currently an escape from bank deposits to the US Treasury money markets, but as the yield economy like Ethereum becomes more prevalent, “it is unlikely not to see more demand for ETH deposits and ETH returns.”
Bernstein notes that the highest rates of money market returns are an obvious choice for investors, but that they are a fiat currency unit. US dollar states that it is gender.
Network validators on Ethereum earn revenue after a certain waiting period on a monthly basis.
“Any hard landing that leads to a drop in rates and a depreciation of the USD will make returns in ETH attractive,” the report said. Subsequently, the return is expressed in ETH and cryptocurrency The comment that the unit continued to remain deflationist drew attention. Analysts have focused on potential returns, pointing out that the yield has increased due to both retail and institutional investors.
You can follow the current price action here.