
The Industrial and Commercial Bank of China (ICBC), the world's largest bank by total assets, has recently praised Bitcoin and Ethereum as innovative financial assets. In a series of three reports to investors over the past three months, ICBC highlighted Bitcoin's unique cross-border transfer and payment functions, its ability to solve gold's problems of divisibility and portability, and its scarcity akin to gold through mathematical consensus. Additionally, ICBC acknowledged Ethereum's continuous technological upgrades in security, scalability, and sustainability, dubbing it 'Digital Oil' for its role in providing technical power for the digital future. ICBC manages assets worth $6.2 trillion.
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