Raoul Pal Predicted Bitcoin To Hit $250,000—But He Thinks Ethereum Could Outperform Under Donald Trump’s Administration
Raoul Pal, CEO of Real Vision, has suggested that Ethereum (CRYPTO: ETH) could benefit more than Bitcoin (CRYPTO: BTC) under Donald Trump‘s administration.
Raoul Pal is set to discuss these insights and the future of Ethereum and Bitcoin at Benzinga’s Future of Digital Assets event on Nov. 19.
What Happened: Addressing his followers on X about the recent surge in the crypto market, Pal noted that while Bitcoin has largely outpaced Ethereum over the past several months, Trump’s win could shift the momentum in Ethereum’s favor.
This view arrives as Bitcoin reaches record highs, while Ethereum—though underperforming against BTC for most of 2023—has shown signs of narrowing the gap in November, rising 7.06% against Bitcoin.
Pal, who predicted Bitcoin to hit $250,000, outlined two main reasons why Trump’s presidency might provide Ethereum with a boost.
Firstly, he believes that Trump’s leadership may create regulatory conditions favorable to decentralized finance (DeFi), potentially enabling DeFi …
About The Author
