In the crypto sphere, opinions differ. Some talk about the end of the bear market. Others speak of a future ascent of Bitcoin. For his part, Raoul Pal prefers to bet on Ethereum (ETH). During a recent interview with Altcoin Daily, the former head of Goldman Sachs shared his thoughts on this ecosystem. According to him, Ethereum is undoubtedly the future of crypto and the only currency of the internet.
Ethereum (ETH): the safest bet
Raoul Pal is not the first to speak out on the value and growth of Ethereum (ETH). During the CryptoBusy podcast, Guy Turner of Coin Bureau also described it as the leader in cryptocurrencies. For this former director of Goldman Sachs and no less a global macro investor, this ecosystem probably represents the least risk.
At the time of his interviewPal emphasized the following points:
- Ethereum is by far the most dynamic and largest ecosystem;
- It adopts a more institutional style. That’s why more people understand it;
- The ecosystem has observable network effects beyond anything.
According to him, Ethereum stands out on the following points:
- The token ecosystem;
- The number of use cases;
- Applications ;
- The number of wallet addresses;
- The money velocity type.
All of these elements make it a special ecosystem, at present anyway.
“ETH: the money of the Internet”, according to Raoul Pal
For the founder of Real Vision, there is only one money on the Internet. And it’s not Bitcoin, it’s Ethereum. According to him, Ethereum remains for the moment the only ecosystem where prices are indicated in a foreign currency. He does not, however, go so far as to say that Ethereum is the best.
” The other ecosystems like Aptos have not yet been fully utilized and we will still see the network effects “, he said while adding that Solana also has enormous potential.
Raoul Pal seems convinced of one thing: Ethereum is the ideal solution to obtain a better return. At present, this crypto is trading at $1,699.14 with a market cap of $209,159,410,650.60.
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