Ethereum only “overturns” Bitcoin sooner or later, according to Raoul Pal

Real Vision founder and CEO Raoul Pal believes that in the future, Ethereum will appear with a larger market cap than Bitcoin.

Pal said in a recent interview with Keith McCullough, CEO of Hedgeye, that Ethereum could turn Bitcoin as soon as this cycle, just before the market starts to decline again.

Ethereum’s market cap is currently around $ 510 billion, roughly half the capitalization of Bitcoin, which is currently $ 1.08 trillion.

However, Pal stated that he does not consider Ethereum a “premium asset”.

“These are two completely different aspects. One of them is a primitive store of value property. One is the fastest growing technology platform in the world. So will the second be worth more? My answer is natural.

Now there is an argument that Bitcoin will eventually become the monetary system for the whole world. But I’m not sure I’ll be alive when that happens. What I’m trying to do right now is to bet on the best for the next few years and then I think it will happen. Does that happen in this cycle? I thought maybe, and then the bear market began. ”

However, Pal remains bullish on Bitcoin. He predicts that BTC will grow from 150 million users to 1 billion users by 2024 and “there is no question” that Bitcoin will rise to a price of $ 1 million.

Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page