US banking giant JPMorgan threw cold water on the two largest cryptocurrencies in a note sent out to clients this week.
Bitcoin’s volatility will be the biggest factor in obstructing widespread institutional adoption, the bank said. Ethereum’s challenges include its waning dominance in the decentralized finance (DeFi) space as alternative blockchains like Solana gain traction.
The JPMorgan analysts compared the volatilities of bitcoin and gold, noting that bitcoin…
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