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Standard Chartered: https://gagarin.news/ Ethereum will be exceeded several times bitcoin on price growth rates
Standard chartered analysts have positively appreciated the future prospects of bitcoin and Ethereum. The latter, according to their estimates, can grow to $ 35,000. It is reported by The Block with reference to the first cryptocurrency dedicated to the British Financial Republic of Cryptocurrencies.
The team of researchers compared Ethereum with the financial market, where lending, insurance and exchange exchange operations take place. Bitcoin, in their opinion, is more like currency. Given the wider range of uses, the capitalization of the ether will eventually reach the first cryptocurrency indicator.
Analysts predicted the price of bitcoin within $ 50,000- $ 175,000, and Ethereum in the range of $ 26,000- $ 35,000. But before the broadcast reaches such heights, the price of bitcoin should overcome $ 175,000. Given the current BTC and ETH courses, cryptocurrencies should grow three and ten times respectively to confirm the forecast.
“Although in the future, the profitability from investing in ETH may exceed the BTC indicator, the risks are also higher,” the bank representatives emphasized.
Recall that the Standard Chartered and North Trust Castodian Cryptocurrencies Zodia Sustody received a license for the UK Financial Supervision Office.
In June, Standard Chartered made cooperation with the Asian company BC Group to launch a cryptocurrency exchange for institutional customers.