Former Goldman Sachs executive Raoul Pal predicted that Ethereum (ETH) will surpass Bitcoin (BTC) by 2024.
Real Vision CEO says One million followers of social media platform
“For all the ETH weakness, in February 2021 BTC reached $44,000 (where it is now) for the first time and ETH reached $1,400 (now $2,250). After 9 months, ETH is up 245% and BTC is up 45%. I think ETH outperforming BTC will be a key macro trend for 2024, and our work at EXPAAM (Exponential Age Asset Management) suggests this.”
At the time of writing, ETH/BTC is trading at 0.05288 BTC ($2,314).
analyst Believe This means that more favorable macroeconomic conditions for risky assets like Ethereum will likely cause ETH to soar similar to where it was two years ago.
“This is about liquidity and business cycles driving the risk curve. The narration goes like this:”
The analyst also said he believes ETH competitor Solana (SOL) will surpass Ethereum in 2024.
when asked One social media user said, “Do you think ETH will surpass SOL in 2024?” pal answered“no.”
SOL/ETH is trading at 0.0419 ETH ($97.01) at the time of writing. SOL has surged from $9.99 at the start of the year, gaining more than 871% from its current value.
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