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Interesting Analogy from Raoul Pal: Ethereum and Bitcoin War Will Heat Up, But...
Raoul Pal expects the price of Ethereum to outperform the price of Bitcoin as investors pay more attention to cryptocurrencies to make a profit. Pal even published a possible timeline of ETH's performance.
Raoul Pal likens the ETH's tendency to outperform BTC to less valuable bonds rising in value after attracting investors' interest.
According to Pal, the possible approval of a spot Bitcoin exchange-traded fund (ETF) will send a positive signal by triggering market participants to reinvest their BTC earnings in ETH.
Raoul Pal stated that 2023 was a very good year for Solana and Bitcoin, but Ethereum could also catch up with these two important competitors.
As we reported Koinfinans.com, Pal, who continues his analysis with Bitcoin, thinks that BTC will be on the upward side without recording a sharp correction in the future. According to Pal, a similar move was seen during the 2015 bull market.
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