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Goldman: Has Ethereum Become A Deflationary Asset?
After the flash crash drop last week on 'fake news' about Mt.Gox holdings moving, Ethereum has outperformed and erased all those losses (and above $1950) as banking sector chaos is enabling decentralized financial systems to showcase their transparency and resilience versus traditional markets.... chart Ethereum's relative performance to bitcoin has been volatile in recent weeks around the major Shapella upgrade, but once again ETH is outperforming BTC in recent days... chart One potential driver of ETH's regained popularity is its appeal as a deflationary asset, a topic Goldman's Crypto desk recently explained: ... (full story)