in its August cryptocurrency forecast, Bloomberg News remained unaffected by the Ethereum cryptocurrency, describing its rise as speculative. However, the agency's report confirms that the bitcoin (BTC) price hike is on solid ground.
The agency said: Ethereum reached its highest levels in the past year and jumped to become one of the main assets of the best performing digital currencies in 2020, but we view its rise as more speculative. , Against preferred demand versus bid conditions that support bitcoin.
The report pointed out that Ethereum faces a lot of competition from similar crypto platforms and about 6000 tradable currencies.
On the other hand, the report consistently raised its expectations regarding Bitcoin, citing its gold-like qualities and increased institutional demand.
The success of the decentralized finance field has increased the value of Ethereum, with some comparing it to the flourishing of the IPO.
As more and more smart contract platforms mature, the competition will become tougher. But when it comes to the world of professional investors, Ethereum does not have a clear selling point like Bitcoin Limited Offer.
(Fun Knowledge of Knowledge)
