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Seeking Alpha 2021-09-29 20:13:49

Ethereum Poses A Serious Threat To Legacy Banks And Institutions

Legacy banks cannot compete with yield rates offered through the Ethereum network and by decentralized finance applications.Centralized cryptocurrency exchanges stand to benefit tremendously by offering a platform for this yield.Beginning next year, Ethereum's staking rate will likely be used as a benchmark for global digital asset portfolio performance.As a result, over time, Ethereum will elevate to become a global macro force akin to the US bond market.

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