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JPMorgan says ethereum is a better bet than bitcoin as interest rates rise, due to the boom in DeFi and NFTs

Crypto investors should hold ethereum rather than bitcoin in an era of rising interest rates, JPMorgan analysts said. Ethereum is at the heart of decentralized finance and the market for non-fungible tokens, two booming areas. Bitcoin is more akin to digital gold, which is likely to fare less well as interest rates and bond yields […]

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