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World's Largest Bank ICBC Praises Evolution of Bitcoin and Ethereum as Innovative Financial Assets
ICBC compared Bitcoin to gold and said Ethereum has established itself as a “digital oil” capable of powering countless applications across the web3 ecosystem.
The world's largest lender, the Industrial and Commercial Bank of China (ICBC), recently published an in-depth analysis highlighting the rapid evolution and increasing diversity of digital currencies, where it compared Bitcoin to gold and deemed Ethereum "oil." digital".
The report emphasizes the human capacity for imaginative belief, as noted by historian Yuval Noah Harari, as a driving force behind the exponential growth of digital currency types and applications.
VanEck Head of Digital Asset Research Matthew Sigel noted:
"Chinese state banks continue to write love letters to Bitcoin and Ethereum."
The ICBC report outlines the divergent development paths of several digital currencies, each addressing unique needs within the financial ecosystem.
$BTC $ETH
World's Largest Bank ICBC Praises Evolution of Bitcoin and Ethereum as Innovative Financial Assets
ICBC compared Bitcoin to gold and said Ethereum has established itself as a “digital oil” capable of powering countless applications across the web3 ecosystem.
The world's largest lender, the Industrial and Commercial Bank of China (ICBC), recently published an in-depth analysis highlighting the rapid evolution and increasing diversity of digital currencies, where it compared Bitcoin to gold and deemed Ethereum "oil." digital".
The report emphasizes the human capacity for imaginative belief, as noted by historian Yuval Noah Harari, as a driving force behind the exponential growth of digital currency types and applications.
VanEck Head of Digital Asset Research Matthew Sigel noted:
"Chinese state banks continue to write love letters to Bitcoin and Ethereum."
The ICBC report outlines the divergent development paths of several digital currencies, each addressing unique needs within the financial ecosystem.
$BTC $ETH
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