Sirlibz
Former manager of Goldman Sachs hedge funds Raoul Pal has said that he is thinking about buying the second largest cryptocurrency, Ethereum because he believes in a possible breakout and ETH leading the next bull market.
He stated his opinion in a tweet where he also states that Bitcoin is on the verge of a major break out both in the near term and long term. He did however note that he believes that ETH would lead this time.
In another chart, he showed that Ethereum had already broken or ended the multi-year bear market against Bitcoin.
Speaking about owning ETH, he said
I don’t yet own ETH but feeling the need to think about adding some. My primary vehicle remains bitcoin.A rising tide will lift all boats most likely. We’ve been waiting patiently for the breakout for some time. Who knows is if breaks out now but the clock is ticking…
Pal in April had also said that it’s possible for Bitcoin to be worth $1 million in 3 years time with a possible market cap of $10 trillion.
Ethereum
Ethereum is the second most popular cryptocurrency in the whole crypto space. Recently , ETH has gained some attention because of the announcement of the launch of ETH 2.0 which would come with Staking on the network and also solve the Scalability issue.
The Ethereum Decentralized Finance (DeFi) has also made the protocol more popular. It is reported that ETH addresses generated recently have surpassed Bitcoin.
