Macro guru Raoul Pal says that contrary to conventional wisdom, Ethereum (ETH) has outperformed Bitcoin (BTC) during the most recent crypto bear market.
“Ethereum outperformed Bitcoin (BTC)”
CEO of Real Vision, in a recent interview, is where the leading smart contract platform, the best crypto asset on the market often shines. says that he outstripped BTC at one time:
“One of the things Bitcoiners have is that in a bear market, Bitcoin would be the only thing left alive and everything else would go to zero,” says Raoul Pal. Since then, ETH has outperformed BTC. The famous economist says:
I’m not saying this as an ETH maxi, I’m not. I don’t care which currency does overtime. I really care about this whole space, but the point is that ETH makes it happen. The narrative is that they all suffered a bear market, it’s all narrative and that’s not true. What is true? Is Bitcoin the most decentralized, strongest, most stable network? Yes. Is that the only answer to everything? Absolutely categorically not.
The views of the famous economist on Web 3.0
Raoul Pal, whose views we have included in the news of Kriptokoin.com, also added Web 3.0, which he said will change every business model with Bitcoin and Ethereum. It also pays attention to developments in the field.
Former Goldman Sachs executive says technologies like social tokens could revolutionize the way online creators manage their businesses. Raoul Pal explains:
Creators’ ability to reward their fans with tokens and digital assets and interact with them on these platforms will make the network bigger and more vibrant. So now you work directly for your fans. Right now, all you have is engagement. So whenever you look at your Twitter numbers, you look at your YouTube numbers, that’s all you get in return. You get a share of the ad revenue from them.
But according to the economist, if you’re in charge of your own sovereign state and you do it that way where you have your own token system, NFTs that you give people access to, it’s Web 3.0 where the community owns their share.
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