• Ethereum is testing major resistance
1. It doesn’t produce cash flow like bonds.
2. It doesn’t generate profit through exposure to global economic development.
3. Bitcoin doesn’t deliver consistent diversification gains due to unstable correlations.
4. It doesn’t increase volatility given historical volatility of 76%. The bank noted the case when Bitcoin plunged 37% in a single day, alleging that its volatility is off the charts.
5. It provides no proof of hedging against inflation.
The bank added that despite the fact that hedge funds may be interested in trading cryptocurrencies due to high volatility, that’s not a big enough reason to invest in them.
IOHK CEO Charles Hoskinson announced on Thursday that the Shelley upgrade for Cardano will be introduced next month. It will start rolling out the network between June 30 and July 7. This follows a successful incentivized testnet. Charles Hoskinson, CEO said in a statement:
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