Real Vision CEO and macro guru Raoul Pal said he believes leading smart contract platform Ethereum (ETH) will outperform Bitcoin (BTC) in the long run.
Famous economist explains why Ethereum is more bullish than Bitcoin (BTC)
Raoul Pal in a new interview with Crypto Banter, total trading volume of the best cryptocurrency by market cap and although it has surpassed ETH in the number of active wallets, he says that Ethereum has found a way to outperform BTC over the past few years:
If you think of Bitcoin, Bitcoin has become Ethereum every week. exchanges more value than Ethereum has a lot of transactions. It is the 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 these two values are higher in Ethereum, so Ethereum has been outperforming Bitcoin for the past few years and I’ve found that to be really helpful. It shows what the price is and the price is pretty good. When asked if
continues to rise higher than Bitcoin in Ethereum, Pal replied that it still is and that other altcoins should eventually outperform the leading crypto:
If you believe the future is in Blockchain technology, the entire cryptocurrency market should outperform the safe haven. This is how things go. It always works this way and therefore has a higher beta. If you’re in an exponential uptrend because you’re in a network adoption pattern for the entire domain, not just Bitcoin, it should outperform over time. It’s that simple.
At the time of writing, Bitcoin is trading at $29,174.82, while Ethereum is trading at $1,796.13. The leading altcoin had lost more than 10% at one point over the past week.
600k options contracts expiry soon
The second highest contract expiration is approaching after May 27th to June 24th 2022 766.0k contract expiration. This contract expiration means that significant volatility in ETH’s spot prices cannot be ignored.
Considering the metrics mentioned above, it can be said that ETH investors have many future monetization options, with 582.2k contracts expiring on May 27, according to analyst Manisha Mishra. .
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