Ethereum Could Soon Outperform Bitcoin, Says Raoul Pal

Michael LaVere
  • Real Vision CEO and founder Raoul Pal claims ethereum is poised for a price breakout and likely to outperform bitcoin.
  • Pal said BTC experienced its largest chart pattern break thus far when the crypto-asset rose above $10k on Monday. 

Crypto analyst and investor Raoul Pal claims that bitcoin and ether are on the verge of a price breakout, with ETH poised to potentially outperform the top cryptoasset at some point in the future. 

Pal, CEO & founder of Real Vision, published a series of tweets on June 1 explaining that bitcoin was experiencing a price breakout after jumping above $10k.

According to Pal, Monday’s price increase for bitcoin represented the asset’s largest chart pattern break thus far. 

Pal also commented on ethereum’s sudden price increase, which took ether above $250. Pal claimed that ETH had likely based and was poised for a breakout, with the charts pointing to ether outperforming bitcoin “at some point.”

Pal pointed out the value of investing in crypto-related equities, such as Mike Novogratz’s Galaxy Digital Fund, which could receive a boost from the positive price movement of top cryptoassets. 

The Real Vision CEO concluded his series of tweets by asking crypto supporters to avoid “tribal attacks” against bitcoin or ethereum, saying the assets represented different ecosystems rather than direct competitors. 

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