Raoul Pal, the Real Vision CEO and macro guru has recently stated that Ethereum (ETH), the largest smart contract platform, has the potential to outperform Bitcoin (BTC), the largest crypto by market cap, in the long run.
In a recent interview on Crypto Banter, the crypto proponent Raoul Pal said although the flagship cryptocurrency can outperform ETH when it comes to total trading volume and number of wallets, Ethereum has found a way to beat Bitcoin over the last few years.
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In the course of the conversation, Pal was asked if he remains bullish on Ethereum than Bitcoin. The top investor said yes, stating that other altcoins should also outperform BTC eventually.
Raoul Pal noted:
“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.”
“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.”
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