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Bank of America: Ethereum is more Flexible than Bitcoin

Amy Liu

Summary: In its report published by Bank of America, “Bitcoin’s Dirty Little Secrets,” published Wednesday, the second-biggest U.S. lender has a lot of things to say about the largest cryptocurrency, such as there being “no good reason to own BTC unless you see prices going up” and that its environmental record is poor. “Bitcoin is the ...

In its report published by Bank of America, “Bitcoin’s Dirty Little Secrets,” published Wednesday, the second-biggest U.S. lender has a lot of things to say about the largest cryptocurrency, such as there being “no good reason to own BTC unless you see prices going up” and that its environmental record is poor.

“Bitcoin is the most talked about cryptocurrency but Ethereum [the blockchain] has more features, including being more flexible” in its hosting of decentralized finance (DeFi) than the Bitcoin blockchain, according to Bank of America.

By Amy Liu

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