Former Goldman Sachs Executive Predicts Ethereum Will Outperform Bitcoin
According to macro guru Raoul Pal, the top smart contract platform Ethereum (ETH) is poised to outperform Bitcoin (BTC) as the crypto markets enter a new “spring” phase. Using the Tom Demark Sequential indicator, Pal suggests that ETH is setting up to outrun BTC. The Demark Sequential is designed to pinpoint trend exhaustion or price reversal.
The former Goldman Sachs executive took to social media to share his insights, telling his one million followers that ETH is likely to outperform BTC at this stage in late Crypto Spring based on the weekly DeMark 9 count for the ETH/BTC cross. Pal also believes that Ethereum-based exchange-traded funds (ETFs) will be highly attractive to asset managers, at least until competition emerges.
Contradictory Views on Ethereum vs. Bitcoin Performance
However, not everyone shares Pal’s bullish stance on Ethereum. Prominent crypto analyst Benjamin Cowen issued a contrary alert, emphasizing that Bitcoin Dominance (BTC.D) will continue to be bullish, suggesting that altcoins like ETH will lag behind BTC. Cowen’s portfolio has been predominantly Bitcoin for the past couple of years because he expects it to outperform most of the market.
Current State of Ethereum and Closing Thoughts
As of now, Ethereum is trading at $2,080. Despite differing opinions on its performance compared to Bitcoin, it remains a key player in the crypto space.
Hot Take: The Future of Ethereum and Bitcoin Performance
Raoul Pal’s prediction about Ethereum potentially outperforming Bitcoin presents an interesting perspective on the future of these two leading cryptocurrencies. As we move further into “Crypto Spring,” it will be fascinating to see how these assets perform in relation to each other and within the broader market dynamics.
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