JP Morgan Thinks Ethereum is better than Bitcoin

Ethereum could be a better bet for investors than bitcoin, according to US banking giant JPMorgan Chase.

One of the reasons for investors to place their faith in Ethereum (ether) over bitcoin is the utility that its underlying technology offers, a recent research note from JPMorgan claimed.

It has already played a leading role in the emerging industry of decentralised finance (DeFi), as well as a platform for non-fungible tokens (NFTs).

Ethereum seems to have more practicalities than Bitcoin. Axie Infinity, Point Network, Maker, and Compound are some of the platforms building on Ethereum.