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Raoul Pal calls for ETH: Expected to outperform BTC over time according to current trends
Former Goldman Sachs executive, author of "Global Macro Investor," and co-founder and CEO of Real Vision Raoul Pal stated on social media, "The ETH/BTC exchange rate has become very interesting now, consistent with the trends of the business cycle (ISM rising) and increasing liquidity. From a long-term chart perspective, the trend remains very constructive. Since 2017, ETH has largely maintained its value relative to BTC; if this chart continues to develop along the current trend, ETH should outperform BTC over time.
This is also intuitively reasonable: as a smart contract platform, ETH's total addressable market (TAM) is fundamentally different from the 'store of value' property of BTC. BTC primarily carries the total savings value, while ETH can carry the value of economic activity itself. Because of this difference, the dominance of smart contracts relative to BTC will continue to rise over time."
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