2021-12-29 16:05:26
Real Vision chief executive Raoul Pal says Ethereum (ETH) will “for sure” surpass the leading crypto asset in terms of market cap.
In a new YouTube interview with The Stakeborg Talks, the macro guru says that the current speed and growth of the Ethereum network indicate it will outperform Bitcoin (BTC) in the future.
When asked if he sees ETH “flippening” BTC’s market cap, Pal answers confidently.
“Yeah, for sure. For sure.”
Pal also cautions that there isn’t much of a point in comparing the two crypto assets.
“One is the internet of value, and the other is a store of value.
They’re not the same thing.
The value of all of the mobile phone networks in the world is worth a lot more than gold, but nobody compares them. That’s stupid. But people compare these things.
Now, if in 10 years’ time, Bitcoin has smart contracts, has cheap transactions, all of these things that Ethereum offers, then fine, that may change again.
I don’t think of it necessarily as a permanent flippening. Maybe something else happens. I have a completely open mind.”
Ethereum‘s current market cap is about $452.9 billion, roughly half of Bitcoin‘s market cap, which sits above $903 billion.
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