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Ether could challenge bitcoin as a store of value after major network upgrades, Saxo Bank says

2 monthes ago   |   By Business Insider

Bitcoin and ether are the two biggest cryptocurrencies.
Yuriko Nakao
Ether could challenge bitcoin as a store of value after major network upgrades, Saxo Bank said.
Changes to ethereum transaction fees will start to destroy tokens, potentially supporting the price.
Yet critics argue that cryptocurrencies are too volatile to be reliable stores of value.
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Major upgrades to the ethereum network could help ether gain a reputation as a store of value, in a potential challenge to bitcoin , Danish investment bank Saxo has...
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Bitcoin and ether are seeing a resurgence in institutional capital inflows as all digital assets pick up steam: CoinShares

2 monthes ago   |   By Business Insider

Representations of digital cryptocurrencies, Ethereum, Bitcoin and Litecoin, are arranged
Photo by Yuriko Nakao/Getty Images)
Bitcoin saw the most inflows, totalling $39 million and ether was in second place with $17.7 million in the week to July 5.
Crypto assets saw inflows of $63 million after 4 weeks of outflows, a CoinShares report shows.
For the first time in 9 weeks all crypto assets saw an inflow, meaning investment sentiment was up.
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Investors are putting money back into bitcoin and ether after a four-week...
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