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#BTC Industrial and Commercial Bank of China (ICBC) praises Bitcoin and Ethereum as innovative financial assets. The bank's in-depth analysis report emphasizes the rapid development and increasing diversification of digital currencies, comparing Bitcoin to gold and viewing Ethereum as 'digital oil'.
The report of Industrial and Commercial Bank of China emphasizes that, as Yuval Noah Harari, a historian, pointed out, human imagination is the driving force behind the exponential growth of digital currency types and applications.
"Chinese state-owned banks continue to write love letters to Bitcoin and Ether, " said Matthew Sigel, head of digital asset research at VanEck.
The report of ICBC outlines the different development paths of various digital currencies, each of which meets unique needs in the financial ecosystem.
(Source: CryptoSlate)