Ethereum (ETH), the second-largest cryptocurrency by market cap has catapulted to mainstream adoption this bull season along with Bitcoin (BTC). It has become a growing choice of financial institutions and many including the likes of Goldman Sachs and JP Morgan believe it has the potential to eventually overtake BTC as the new store of value.
Goldman Sachs has joined JP Morgan to advocate for ETH as the next store of value and suggest its smart contract capabilities along with its various use cases make it the most sought-after digital asset in the current market. The financial giant’s comment came on Tuesday where it said,
“currently looks like the cryptocurrency with the highest real use potential as Ethereum, the platform on which it is the native digital currency, is the most popular development platform for smart contract applications”
Earlier JP Morgan has lauded Ethereum’s market depth and blockchain capabilities that support smart contracts and the defi ecosystem. The b
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