In a recent video, Pal indicated that crypto investors will be rearranging their portfolios in the coming months, with Ethereum potentially outperforming Bitcoin. With the introduction of spot Bitcoin ETFs, many investors are likely to take profits, which could then be directed towards ETH.
“ETH is continually gaining momentum, which doesn’t come as a surprise. The actual surprise will come after the Bitcoin ETF launch, as people shift their attention to the imminent launch of an Ethereum ETF. They will invest in this second cryptocurrency, revitalizing the entire Ethereum ecosystem. I previously predicted the growth of Solana, and now Ether will catch up with this altcoin. Everything looks promising for it,” stated the former Goldman Sachs top executive.
Predicting significant growth for Bitcoin, Pal envisions a scenario similar to 2015 when BTC demonstrated long-term growth with minimal corrections. Additionally, Pal does not anticipate any shocks akin to the COVID-19 pandemic.
In August, Pal already spoke about the start of a new bull cycle in the cryptocurrency market, highlighting the exponential growth potential of Bitcoin.