Raul Pal claims that Ethereum will overtake Bitcoin in 2024

by Max Nevskyi

2 years ago

Former Goldman Sachs executive director, Raoul Pal, predicts that in 2024 Ethereum (ETH) will surpass Bitcoin (BTC).

The current CEO of Real Vision believes that in the coming year, Ethereum in tandem with Bitcoin (ETH/BTC) could replicate the price pattern of the 2021 bull market.

For all the ETH bears, in February 2021, BTC first reached $44,000 (where it stands today), while ETH was at $1,400 (now $2,250). Nine months later, ETH grew by 245%, BTC by 45%. I believe that ETH's superiority over BTC will become a key macroeconomic trend in 2024, and our work at EXPAAM (Exponential Age Asset Management) takes this into account.

On the evening of December 23rd, ETH/BTC was trading at a price of 0.05288 BTC ($2,314)

On the evening of December 23rd, ETH/BTC was trading at a price of 0.05288 BTC ($2,314).

The analyst also speculates that there will be more favorable macroeconomic conditions for risky assets, including Ethereum in the near future, which could lead to rapid growth, as was the case two years ago.

This analyst is confident that in the coming year, Ethereum's competitor, Solana (SOL), will not be able to catch up with Ethereum.

On the evening of December 23rd, the SOL/ETH pair was trading at a price of 0.0419 ETH ($97.01). Since the beginning of the current year, the price of SOL has risen from $9.99, reflecting a growth of more than 871%.

Rewards

More rewards

Discover enhanced rewards on our social media.

Other news

Bitwise CEO Advocates for Bitcoin in 401k Plans Amid Regulatory Discussions

Bitwise CEO Matt Hougan advocates for the inclusion of Bitcoin in 401k plans, highlighting recent regulatory shifts.

Maya Lundqvist6 minutes ago

China Achieves Record Trade Surplus in 2025

China closed 2025 with a historic trade surplus of 119 trillion yuan, marking a significant increase from the previous year.

Leo van der Veen11 minutes ago

China's Trade with the US Declines

China's trade with the United States continues to shrink, with significant drops in both exports and imports.

Li Weicheng11 minutes ago

UK AI Investigation Could Shape Global Digital Regulations

The ongoing investigation into Elon Musk's X platform under the UK's Online Safety Act may have significant global implications for AI and digital tool regulations.

Tenzin Dorje22 minutes ago

Elon Musk Defends X Platform Against Censorship Claims Amid Investigation

Elon Musk criticizes the UK government's investigation into his platform, X, claiming it reflects a bias towards censorship amid potential legislative measures.