Former Goldman Sachs executive Raoul Pal Ethereum(ETH) will outperform Bitcoin (BTC) in 2024 predicts.
Real Vision CEO to his one million followers on social media platform X BitcoinHe says ETH (ETH/BTC) could repeat a similar 2021 bull market price pattern next year.
Koinfinans.com As we reported, ETH/BTC is trading at 0.05288 BTC ($2,314) at the time of writing.
The analyst believes that more favorable macroeconomic conditions for risky assets like Ethereum are on the horizon and this will send ETH soaring as it did two years ago.
It’s all about liquidity and the business cycle driving the risk curve. The narrative follows.
NEWS CONTINUES BELOW
According to the analyst, ETH’s rival solana (SOL) may outperform Ethereum in 2024. SOL has gained more than 871% from its current value of $9.99 at the beginning of the year.
For all the ETH bears… in Feb 2021, BTC first hit $44,000 (where it is today) and ETH was at $1400 (now $2250), 9 months later ETH was up 245%, BTC was up 45%…
I think ETH outperforming BTC will be a key macro trend of 2024 and our work at EXPAAM suggests it. one/ pic.twitter.com/QGSZahhldg
— Raoul Pal (@RaoulGMI) December 21, 2023
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