Raoul Pal recommends ETH: Based on the current trend, it is expected to outperform BTC over time.

CoinNetwork · 2026-04-08T05:59:08+00:00

Former Goldman Sachs executive Raoul Pal stated that the ETH/BTC exchange rate trend is consistent with the business cycle and increasing liquidity, and in the long term, ETH has the potential to outperform BTC. He pointed out that as a smart contract platform, ETH's market size differs from BTC's store of value nature, and the dominance of smart contracts will continue to strengthen in the future.

CoinNetwork

2026-04-08 05:59:08

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CoinDesk news: On April 8, Raoul Pal, former Goldman Sachs executive, author of the book 《Global Macro Investors》, and co-founder and CEO of Real Vision, said in a social media post that: “The ETH/BTC exchange rate has now become very interesting. This is consistent with the trend of the business cycle (ISM rising) and the rise in liquidity. From the long-term charts, the outlook is still very constructive. Since 2017, ETH relative to BTC has largely preserved its value; if this chart continues to develop along the current trend, ETH should outperform BTC over time. Intuitively, that also makes sense: as a smart contract platform, the accessible market size (TAM) of ETH, along with its ‘store of value’ attribute, is fundamentally different from that of BTC. BTC primarily carries the value of total savings, while ETH can carry the value of economic activity itself. Because of this difference, the dominance of smart contracts relative to BTC will keep increasing over time.”

ETH6.28%

BTC4.44%

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