RaoulPal, CEO of RealVision and a leader in macros, says he believes Ethereum (ETH), the leading smart contract platform, is superior to Bitcoin (BTC) in the long run.
In a new interview with Crypto Banter, Pal said Ethereum has found a way to outperform BTC in the last few years, even though the top crypto assets by market capitalization outperform ETH in total trading volume and number of active wallets. increase.
“When you think about Bitcoin, Bitcoin exchanges more value every week than Ethereum. There are many transactions in Ethereum. The transaction is a red herring. It is the total value and number of active wallets, Bitcoin beats both.
However, looking at Ethereum, Ethereum has surpassed Bitcoin in recent years due to the high rate of change in these two values, the value change and Ethereum. This is very convenient. It shows what the price is and the price is pretty good. ”
When asked if he is more bullish than Bitcoin in Ethereum, Pal says he is still so and other altcoins should ultimately be better than King Crypto.
“If you believe that the future lies in technology, blockchain technology, this entire digital asset space should be better than a safe haven. That’s exactly how things work, because it always works that way. , There is a higher beta.
Performance should improve over time if it is on an exponential upward trend due to the use of a space-wide network adoption model, not just Bitcoin. It’s as easy as that.
It’s not a statement of value about “X and I prefer Ethereum over Y, so I don’t like Bitcoin.” It’s all about the network adoption model. Once you understand it, you will be free from all the stories in the various buckets. ”
As of this writing, Bitcoin is trading at $ 29,069 and Ethereum is trading at $ 1,786.
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Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors need to do due diligence before making risky investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfer and transaction is your own responsibility and any loss you may incur is your responsibility. Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets. Also, Daily Hodl is not an investment advisor. Please note that TheDailyHodl participates in affiliate marketing.
Featured image: Shutterstock / iobard