Former Goldman Sachs Exec Raoul Pal Believes Ethereum Will Outperform Bitcoin
Raoul Pal, a former executive at Goldman Sachs, predicts that Ethereum (ETH) will outperform Bitcoin (BTC) in the near future. Pal explains that just as lower-rated junk bonds tend to surpass higher-rated treasuries when investors rotate their capital, Ethereum will “massively outperform” Bitcoin. He believes that the potential approval of a spot Bitcoin exchange-traded fund (ETF) will have a positive impact on Ethereum as market participants reinvest their BTC gains in ETH.
Pal also discusses Bitcoin’s price action, comparing it to the 2015 bull market. He suggests that this current cycle resembles the 2015-2017 period more than the 2019-2021 period. While he expects corrections along the way, he does not anticipate a major collapse similar to what happened during the Covid-19 pandemic. Pal believes that both Bitcoin and Ethereum will continue to perform well into 2025.
Hot Take: Ethereum Set to Outshine Bitcoin
Raoul Pal, a former Goldman Sachs executive, predicts that Ethereum will surpass Bitcoin in terms of performance. He draws parallels between lower-rated junk bonds outperforming higher-rated treasuries and Ethereum outperforming Bitcoin as investors move their capital within the crypto market. Additionally, Pal anticipates that the approval of a spot Bitcoin ETF will further boost Ethereum’s growth as investors reinvest their BTC gains in ETH. Regarding Bitcoin’s price action, Pal compares it to the 2015 bull market and expects more sideways movement with minor corrections rather than a major collapse. Overall, Pal believes both Ethereum and Bitcoin will continue to thrive in the coming years.
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