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Ether, Touted as Internet Bond, May Top $3K on Fed Rate Cut, Outperform Bitcoin: Omkar Godbole

Elevated interest rates in the U.S. have dented ether’s appeal as the internet equivalent of a bond, offering a fixed-income-like return on staking.

Updated Nov 7, 2024, 3:47 p.m. Published Nov 7, 2024, 2:50 p.m.
U.S. Federal Reserve Chair Jerome Powell (screen capture courtesy of the Senate Banking Committee)
U.S. Federal Reserve Chair Jerome Powell (screen capture courtesy of the Senate Banking Committee)