Thu. Dec 5th, 2024

Bitcoin is Sound Money, Ethereum a Speculative Tech Bet – BlackRock

According to a recent report from BlackRock, the world’s largest asset manager, Bitcoin is seen as a ‘digital gold’ or sound money, while Ethereum is considered a ‘speculative tech bet’. The report suggests that Bitcoin’s limited supply and decentralized nature make it a viable alternative to traditional gold. Ethereum, on the other hand, is seen as a riskier investment due to its volatility and its role as a platform for various decentralized applications.

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