Raul Pal: Etherium and other Altcoins will overtake Bitcoin

Raul Pal: Etherium and other Altcoins will overtake Bitcoin

Raoul Pal said on a YouTube podcast that Etherium, the leading smart contracts platform, could surpass Bitcoin in the long run. The macroeconomist agrees that Bitcoin is the best Crypto-asset and surpasses Ether in terms of market capitalization, trading volume and number of active wallets. However, according to Pala, over the past few years, Ether has already found a way to surpass Bitcoin:

“If you think about Bitcoin and you buy more of it every week than Ether, naturally there will be more transactions on the network. But the number of transactions is not an objective indicator. After all, Bitcoin surpasses ether in value and in the number of active wallets. However, if you look at the development of Etherium, the growth rate of its wallets and transactions in the last couple of years has far outpaced Bitcoin, and that is really good for the development of the industry. It says that the price of Ether with this kind of development is optimal”

bitcoin

The head of Real Vision said he remains more optimistic about Ether than Bitcoin. Other major altcoins should eventually outperform the market leader, too, he said.

“If you believe the future is in Blockchain technology, then the entire digital asset space should outperform a safe haven like Bitcoin. The community is now in an exponential upward trend and is embracing the entire cryptospace, not just bitcoin. Eventually, altcoins should surpass Bitcoin, it’s so obvious” 

said the expert

It’s not about attitudes about the value of ether and Bitcoin, it’s not about the “I don’t like Bitcoin because it’s X, but I prefer Etherium, which is Y” opinion. It’s all about network implementation models, says the macroeconomist. Once the cryptocommunity understands this, it will be able to free its mind from the narratives that separate bitcoin from all other cryptocurrencies, Pal assures.

In May, Dogecoin co-founder Billy Marcus called 95% of crypto-assets
garbage.

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Written by Renat
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