JP Morgan analysts have deduced that the hype behind Bitcoin ETFs will not pay off as expected, and instead, Ether could exceed expectations by overshadowing Bitcoin in 2024.
Could ETH Overtake BTC?
JP Morgan, a financial juggernaut in the traditional banking sector, is steering away from the prevalent optimism surrounding Bitcoin’s prospects in 2024. The company’s CEO, Jamie Dimon, has previously made controversially critical comments about BTC and its role in illicit activities, which have generated significant pushback.
Now, the institution is predicting a shift in the crypto landscape, favoring Ethereum over Bitcoin, as it contends that the much-anticipated halving event may not provide the boost enthusiasts are hoping for.
JP Morgan: “Spot ETF Optimism Misplaced”
Contrary to widespread expectations that spot Bitcoin ETFs could be a game-changer, JP Morgan suggests a cautious approach. The financial giant points to weak demand for existing spot Bitcoin ETFs in Europe
We współpracy z: https://cryptodaily.co.uk/2023/12/eth-not-etf-jp-morgan-bets-big-on-ethereum
