Elite crypto asset class to outperform Bitcoin, says macro guru Raoul Pal


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Macro guru Raoul Pal says a select group of crypto assets will inevitably outpace Bitcoin’s growth as the market matures.

In a series of tweets, Pal notes that since its inception, Ethereum has managed to outperform BTC exponentially. He uses ETH as an example of why not everything will lose value against Bitcoin, as many believe.

“It is fascinating to see that since its inception, ETH has outperformed BTC by 250%. It only fell below its initial BTC price during the first 5 months of its existence in 2015.

Let this put an end to the idea that all other tokens are trending towards zero in terms of BTC. ”

Source: Raoul Pal

Former Goldman Sachs fund manager this Assets that achieve network effects, that is, when an increase in the number of participants improves the value of a good or service, will gain in value relative to Bitcoin.

“Tokens that fail to achieve network effects tend to fall. Tokens that produce network effects on the ecosystem (active wallets + developers + apps) will likely increase in terms of BTC over time. The art is choosing which one will get the network effects, and it’s not easy (hence the reason I chose a basket). “

The founder of Real Vision believes the global crypto space is set to rise, previously noting that the overall crypto market cap will likely double after breaking above the $ 1.8 trillion mark.

“The market capitalization of the entire digital asset space makes the $ 1.8 trillion breakout look like a big deal. The graphical model suggests an acceleration to come on this pause. I guess all the space will double in the next 2-3 months. Let see! “

Source: Raoul Pal, CoinMarketCap

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Image en vedette: Shutterstock / Yuri Zvezdny

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