BlockBeats News, April 8th, Raoul Pal, former Goldman Sachs executive, author of “Global Macro Investor,” and co-founder and CEO of Real Vision, posted on social media, saying, “The ETH/BTC exchange rate is now becoming very interesting, which is consistent with the business cycle (rising ISM) and the trend of increasing liquidity. Looking at the long-term chart, the trend remains very constructive. Since 2017, ETH has broadly maintained its value relative to BTC; if this chart continues to develop along the current trend, ETH should outperform BTC over time.”
This also makes intuitive sense: as a smart contract platform, ETH’s Total Addressable Market (TAM) is fundamentally different from BTC’s ‘store of value’ attribute. BTC mainly carries the value of total savings, while ETH can carry the value of economic activity itself. It is precisely because of this difference that over time, the dominance of smart contracts relative to BTC will continue to rise.”
