ETH may displace Bitcoin’s dominance next year, an investor pointed out.
Long-term investors are confident of the altcoin’s performance.
According to Raoul Pal, Ethereum [ETH] will outperform Bitcoin [BTC] by 2024. Pal, who shared the opinion on X, noted that there could be a repeat of the 2021 cycle where BTC initially beat ETH’s performance.
But nine months later, ETH was up 245% while BTC gained 45% within the same period.
It’s all about liquidity and the business cycle leading the risk curve. Narrative follows.
— Raoul Pal (@RaoulGMI) December 21, 2023
Pal’s point of view was not only his. But it was also that of Exponential Age Asset Management (EXPAAM).
EXPAAM is a digital asset investment management firm co-founded by Pal, who also doubles as the CEO of Global Micro Investor. In defending his school of thought, the investors noted that:
“It’s all about liquidity and the business cycle leading the risk curve. Narrative follows.”
This year, Ethereum’s price has
We współpracy z: https://ambcrypto.com/why-ethereum-may-outperform-bitcoin-in-2024/
