Real Vision CEO Raoul Pal is optimistic about Ethereum


Raoul Pal, CEO and co-founder of Real Vision, is optimistic about Ethereum. True to his past statements, Pal reiterated his support for Ethereum, and he believes that Ethereum will grow exponentially in the next few years. For Pal, the growth of Ethereum compared to Bitcoin is the biggest argument for its long-term success. This led the CEO to support the leading smart contract platform in the encryption field.

Ethereum Vs.Bitcoin

Anyone in the cryptocurrency space now knows that there are clear boundaries between the two top cryptocurrencies when they perform well. Although Bitcoin has brought huge returns to its investors, its performance is almost inferior to Ethereum in the same period of time. This has largely contributed to the debate on Ethereum’s “flip” Bitcoin.

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Pal does not seem to agree with the school of Ethereum flipping Bitcoin, but is optimistic about the long-term potential of the latter over the former. When the digital asset was first launched five years ago, he demonstrated the value of Ethereum to Bitcoin, showing that altcoins performed 100 times better than Bitcoin in its five-year life cycle.

ETH price trading above $4,600 | Source: ETHUSD on TradingView.com

However, just because Ethereum performs well compared to Bitcoin does not mean that Bitcoin has no potential. But Pal expects that altcoins will continue to outperform Bitcoin in the next few years.

Optimistic about ETH

Since he first announced his investment in digital assets, Pal’s position on Ethereum has not changed. In August, Pal has Ethereum is worth 20,000 USD By the second quarter of 2022. This prediction is mainly based on its growing use cases as the leading smart contract platform for decentralized finance and NFT activities in the crypto industry, which makes it more advantageous than Bitcoin, which does not have much advantage other than its currency policy.

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Similarly, Pal set the price of Bitcoin at $250,000 during the same period, proving that his bullish sentiment is higher than the potential of ETH. Pal is also transferring his entire portfolio to cryptocurrencies in 2020, most of which are Bitcoin.

In October, Pal updated his followers on Twitter, stating that he had achieved the largest personal position of his life at ETH.inside tweet, Pal said: “We are very clear-I am not just doing long ETH irresponsibly. I am now influential, but through the phone. So far, this is the biggest personal position in my life, an increase of 10 Times (or more). My view on this part of the transaction is 6 to 9 months.”

Featured image from The Economic Times, chart from TradingView.com





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