Founder and CEO of Real Vision, known as the “Macro Guru” in the crypto world Raoul Palexplained to his followers how much of his portfolio he dedicates to Ethereum and why he prefers Ethereum (ETH) over Bitcoin (BTC).
Former Goldman Sachs executive Pal, Real Vision‘s YouTube channel with 569,000 followers, Ethereum He stated that he is optimistic about ETH as the cash generated in its ecosystem is about 100 times the rest of the total area.
He also thinks that the popular smart contract platform Ethereum may experience a “demand shock” very soon due to various use cases.
“Ethereum has a limited supply due to the burning of ETH from “gas fees”. Everyone continues to stake their coins for ETH 2.0, so they pulled the huge supply from exchanges. Also, nearly $100 billion in supply is locked in DeFi (decentralized finance), NFTs, and all of that combined. This actually creates an ETH free volatility of around 11%.
11% is the current amount of Ethereum you would buy if you entered the market, and there is actually a “demand shock” going on right before your eyes. There is no such thing in Bitcoin. Yes, there is a supply shock, there is also a demand shock, but it is not as high as the network density in ETH.”
Stating that he had previously invested in Ethereum on Twitter and that this was much more than a long-term investment, Pal announced the Ethereum rate he had in his new statement. Pal stated that it is probably at 85% Ethereum right now.
ETH, the second-largest crypto asset by market capitalization, is trading at $4,316.47 at the time of writing, up more than 27% in the past month, according to data from CoinGecko.
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