Macro Guru Raoul Pal predicts that Ethereum will perform much better than Bitcoin. Pal, who once collected Solana at a low price, says it is time for ETH to make a ‘big surprise’. Additionally, Pal expects Bitcoin’s price action to mirror the 2015 bull market.
Solana investor Pal: ETH will try to catch up, it will do well!
Former Goldman Sachs executive Raoul Pal says Ethereum (ETH) is poised to outperform Bitcoin (BTC) in the coming weeks and months as investors move their capital into crypto markets for greater gains. Pal explains the reason for this in his own way. The Solana investor likens it to the way lower-grade junk bonds tend to outperform higher-grade treasuries when investors rotate their capital. cryptokoin.comAs you follow from , Pal had previously predicted that SOL would make a strong move.
Raoul Pal points to potential approval of spot Bitcoin exchange-traded fund (ETF). Pal predicts that this approval will enable market participants to reinvest their BTC earnings into ETH. Therefore, he predicts that this development will affect Ethereum positively. In this context, Solana investor Makro Guru makes the following statement:
So ETH is just doing what it’s supposed to do. However, it does not give us any big surprises. I think this surprise will happen as soon as the ETF is released on Bitcoin. People will focus on ETH ETF. This will revitalize the ETH ecosystem. This year has been the story of Solana and Bitcoin that I have been waiting for all year long. This barbell became the best trade in the world. Or, in fact, suffice it to say that SOL is the best trade in the world. But ETH will try to catch up, it will do well.
Bitcoin’s price action reflects the 2015 bull market!
Turning to Bitcoin, Raoul Pal evaluates the forward price action of the flagship crypto asset. Pal says Bitcoin’s price action is likely to mirror the 2015 bull market. As you may recall, Bitcoin witnessed a massive burst to the upside without a major correction. Pal, who managed to collect Solana (SOL) at a low price, makes the following comment about Bitcoin:
I think the cycle we’re in right now looks more like 2015, 2016, 2017 than 2019-2021. In 2019, Bitcoin came out of the gates really quickly, then saw a correction. Then we had Covid-19, which we will not repeat. I know a lot of people are expecting, ‘We’re going to have a 50% crash and you’re going to buy it.’ Nothing like this will happen. Of course there will be corrections. I think these will probably plateau in the 20% to 30% range because that’s the world we live in in crypto. But if we are repeating the same old cycle, we should continue until the end of 2025, which I think we are.
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