Real Vision CEO Raoul Pal Takes Bullish Stand On Ethereum


Raoul Pal, CEO, and co-founder of Real Vision has taken a bullish stance on Ethereum. Staying true to previous statements, Pal reiterated help for Ethereum, which he sees rising exponentially within the coming years. For Pal, the expansion of Ethereum compared to Bitcoin is the best argument for its long-term success. This has led the CEO to face behind the main sensible contracts platform within the crypto house.

Ethereum Vs. Bitcoin

Anyone within the crypto house now is aware of that there’s a clear line in terms of outperformance between the 2 high cryptocurrencies. Although bitcoin has introduced huge returns for its buyers, it has not executed almost in addition to Ethereum in the identical timeframe. This has largely pushed the argument of Ethereum “flipping” bitcoin.

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Pal doesn’t appear to subscribe to the college of thought that’s Ethereum flipping bitcoin however is bullish on the latter’s long-term potential over the previous. He argued the worth of Ethereum towards bitcoin when the digital asset had first launched 5 years in the past, displaying that the altcoin has carried out 100x towards bitcoin over its five-year lifespan.

ETH worth buying and selling above $4,600 | Source: ETHUSD on TradingView.com

However, simply because Ethereum has carried out remarkably properly in comparison with Bitcoin doesn’t imply that there isn’t any potential for bitcoin. But Pal expects the altcoin to maintain outperforming bitcoin within the coming years.

Bullish On ETH

Pal’s stance on Ethereum has not modified since he had first declared investments within the digital asset. In August, Pal had positioned the worth of Ethereum at $20,000 by the second quarter of 2022. This prediction was largely predicated on its rising use circumstances because the main sensible contracts platform for decentralized finance and NFT actions within the crypto business, thus giving it an edge over bitcoin which didn’t have a lot going for it apart from its financial coverage.

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In the identical vein, Pal had positioned the value of bitcoin at $250,000 in the identical time interval, proving that his bullish sentiment went above simply ETH’s potential. Pal had additionally moved his whole funding portfolio into cryptocurrencies in 2020, the vast majority of which was in Bitcoin.

In October, Pal up to date his followers on Twitter that he had made the most important private place of his life in ETH. In the tweet, Pal mentioned, “Just so we are clear – I am more than irresponsibly long ETH right now. I now have leverage but via calls. This is by far and away the biggest personal position of my entire life by a factor of 10 (or more). My view horizon for this part of the trade is 6 to 9 months.”

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



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