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As interest rates climb, JPMorgan claims this cryptocurrency is a better investment than Bitcoin — here are three simple ways to invest.
Although Bitcoin has dominated the news, America’s largest bank believes Ethereum, the world’s second-most valued cryptocurrency, is a better option as interest rates rise.
According to JPMorgan analysts, Ethereum’s expanding number of applications — peer-to-peer lending, NFTs, gaming, and stablecoins — should help it sustain its value in a rising interest rate environment.
Bitcoin, on the other hand, might be on its way down.
“In the same manner that higher real rates have placed downward pressure on conventional gold, rising bond yields and eventual normalization of monetary policy is placing downward pressure on bitcoin as a sort of digital gold,” the paper adds.
Ethereum may be “safer” than Bitcoin, but we’re dealing about crypto, so volatility is unavoidable. There are, however, methods to get acquainted with Ethereum without purchasing any tokens. These three appear intriguing, and one of them could be worth trying with some spare cash.
Coinbase
Coinbase, the largest cryptocurrency exchange in the United States, is well positioned to profit from an increase in Ethereum trading…
