JPM on ETH (Patreon)

Interesting piece from JPM.  Now if ETH outperforms BTC (which I always felt was the case) imagine what SOL will do?

Anyhow here are some details:

Potential impact on Ethereum (ETH):

1. JPMorgan's Prediction on Ethereum vs. Bitcoin: JPMorgan, a major investment bank, predicts that Ethereum (ETH) will likely outperform Bitcoin (BTC) in the year 2024. This is attributed to Ethereum's anticipated EIP-4844 upgrade. Outperforming in this context likely means that ETH will see greater price appreciation or adoption rates compared to BTC.
2. Ethereum's EIP-4844 Upgrade: EIP stands for Ethereum Improvement Proposal, and these are changes or upgrades proposed to the Ethereum network. 
3. Features of the Upgrade: The upgrade is said to introduce "Proto-Danksharding," which is expected to improve network efficiency by increasing transaction throughput and reducing fees. This could be particularly beneficial for Layer 2 networks like Arbitrum and Optimism, which are built on top of Ethereum's main blockchain to increase its capacity and speed.