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Deutsche Bank: If Bitcoin Is Digital Gold, Ethereum Is Digital Silver

Deutsche Bank: If Bitcoin Is Digital Gold, Ethereum Is Digital Silver
A new report from Deutsche Bank AG (NYSE:DB) Research reasons that if Bitcoin (CRYPTO: BTC) is the 21st century “digital gold,” then Ethereum (CRYPTO: ETH) is “digital silver.”

What Happened: Marion Laboure, a market strategist at Deutsche Bank, outlined how digital currencies could shape the future of payments in a new report.

“People have always sought assets that were not controlled by governments. Gold has had this role for centuries. And yes, I could potentially see Bitcoin to become the 21st-century digital gold,” said Laboure.

She reminded readers that gold too has been historically volatile, but cautioned people against viewing Bitcoin as a reliable store of value today because it is likely to be “ultra-volatile in the foreseeable future.”

According to Laboure, there are three reasons to expect extreme volatility in Bitcoin’s short-term future.
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