Ethereum To Outperform Bitcoin, Former Goldman Sachs Exec Says

It has been just revealed the fact that ETH will probably outperform BTC, according to the latest reports coming from Goldman Sachs former exec.

Raoul Pal, an expert in cryptocurrency and former executive at Goldman Sachs, predicts that Ethereum (ETH) will outperform Bitcoin (BTC) in the upcoming “spring” phase of the crypto market.

Pal believes that ETH is positioned to outrun BTC based on the Tom Demark Sequential indicator.

This indicator is used to identify points of trend exhaustion or price reversal.

“That is the weekly DeMark 9 count for the ETH/BTC cross. ETH most likely outperforms from here as per usual at this stage in late Crypto Spring.”

According to Pal, Ethereum-based exchange-traded funds (ETFs) will be highly desirable for asset managers.

He believes that an ETH ETF would be a profitable business for them, as it would allow them to capture the yield and only give price performance to the ETF holders.

However, he acknowledges that this may change if competition emerges and it gets competed away eventually.

On the other hand, crypto strategist Benjamin Cowen disagrees with Pal’s assessment that Ethereum will outperform Bitcoin.

Cowen recently issued an alert, predicting that Bitcoin Dominance (BTC.D), which tracks the percentage of the total market cap that belongs to Bitcoin, will continue to be bullish. This means that altcoins, including ETH, will lag behind BTC.

“My crypto portfolio for the last couple of years has been predominantly just Bitcoin because I suspect that it will outperform most of the rest of the market – not all of the market, but most of the rest of the market – and that’s why the dominance has gone higher.”

Ethereum is trading for $2,080 at the time of writing. Stay tuned for more crypto news and make sure to keep your eyes on the market.