Macro expert and Real Vision CEO Raoul Pal confirmed to still believe that leading smart contract platform Ethereum (ETH) will do better in the long run than Bitcoin (BTC).
In a new appearance on the Crypto Banter podcast, streamed live on May 27, Pal joined Dan Tapiero, and Jurrien Timmer to discuss the crypto ad stock outlook with show host Ran NeuNer. Even though the flagship cryptocurrency is ahead of Ethereum in total trading volume and active wallets, Pal acknowledges its potential to outperform Bitcoin in the coming years. He said:
“If you think of Bitcoin, Bitcoin exchanges more value each week than Ethereum does. Ethereum has a lot of transactions. Transactions are a red herring. It’s total value and number of active wallets and Bitcoin beats both.
However, if you look at Ethereum, the change in values, the rates of change in those two values in Ethereum is higher, which is why Ethereum’s been outperforming Bitcoin over the last couple of years and I found it’s really useful. It shows what price is and price is pretty good.”
Responding to the question if he is still more bullish on Ethereum than Bitcoin, the Macro guru said that he is and that the top cryptocurrency could also see other altcoins knocking on its door:
“If you believe the future is in the technology, in blockchain technology, then this whole digital asset space should outperform the safe haven. That’s just how things work. It always works that way and therefore, there’s a higher beta.
If you’re in an exponential uptrend because you’re in a network adoption model for the entire space, not just for Bitcoin, then it should outperform over time. It’s as simple as that.
It’s not a value statement about, ‘I don’t like Bitcoin because X and I prefer Ethereum for Y.’ It’s all about network adoption models. Once you understand that, you free your mind of all of the narratives that are in the different buckets.”
At press time, Ethereum is moving hands at $1,804, while the value of a Bitcoin is $29,303 according to CoinMarketCap data.
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Source: Igaming
