Morgan Stanley has highlighted that Ethereum poses more risks than Bitcoin as the network has more smart contract competitors than Bitcoin has in the store of value market.
“Due in part to its more ambitious addressable market, Ethereum faces more competitive threats, scalability issues, and complexity challenges than Bitcoin. Furthermore, Ether is more volatile than Bitcoin,” the report reads.
The investment bank also suggested that Ethereum poses a greater investment risk than Bitcoin as it faces greater competition in the smart contract market than “Bitcoin faces in the store-of-value market.” Other concerns raised about the network included the evolving regulatory status of applications built on Ethereum such as Decentralized Finance and nonfungible tokens which may see strict regulations placed on them in the future, resulting in reduced demand for Ethereum transactions.
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