JPMorgan analysts describe biggest challenges for bitcoin and ethereum
January 31, 2022, 10:39AM EST · 1 min readUS banking giant JPMorgan threw cold water on the two largest cryptocurrencies in a note sent out to clients this week.
Ethereum’s challenges include its waning dominance in the decentralized finance space as alternative blockchains like Solana gain traction.analysts compared the volatilities of bitcoin and gold, noting that bitcoin must reach $150,000 in value to equate to comparable gold investment holdings. “Needless to say, such convergence or equalization of volatilities or allocations is unlikely in the foreseeable future,” researchers led by Nikolaos Panigirtzoglou wrote.
Ethereum’s challenges include its waning dominance in the decentralized finance space as alternative blockchains like Solana gain traction.
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