BlackRock, a prominent investment management firm, recently shared their views on Bitcoin and Ethereum. According to BlackRock, Bitcoin is considered to be ‘sound money’ due to its limited supply and decentralized nature. On the other hand, Ethereum is seen as a ‘speculative tech bet’ because of its focus on smart contracts and decentralized applications. This distinction highlights the different purposes and potentials of the two leading cryptocurrencies in the market.
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