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 ETH/USD could benefit more than Bitcoin BTC/USD 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.

Don't Miss:

• If you invested $100 in DOGE when Elon Musk first tweeted about it in 2019, here’s how much you’d have today.
• The global games market is projected to generate $272B by the end of the year — for $0.55/share, this VC-backed startup with a 7M+ userbase gives investors easy access to this asset market.

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 utility tokens to offer rewards or yields tied to their specific blockchain networks.

Trending: 1 in 4 Americans own a share of Bitcoin according to NASDAQ — this platform touts returns as high as 12.5% APY and is giving $100 in welcome rewards if you sign up today.

A clearer regulatory framework, Pal suggests, could drive expansion in Ethereum's DeFi ecosystem, enhancing opportunities for staking and other yield-generating activities on the Ethereum network.

As the largest host of DeFi applications, Ethereum stands to gain significantly if these innovations are allowed to flourish.

This regulatory shift could increase Ethereum's network value, making it even more attractive to investors and users as they can access more financial benefits directly within the ecosystem.

According to Pal, such developments may ultimately position Ethereum to outperform Bitcoin in terms of growth.

Trending: Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – You can still get 4,000 of its pre-IPO shares for just $1,000

The second factor Pal highlighted is Ethereum's established position as a widely trusted blockchain within traditional finance (TradFi).

With crypto-friendly regulations likely on the horizon under Trump's administration, Pal anticipates that institutions exploring blockchain solutions for their businesses will favor Ethereum, given its stability and credibility.

He likened Ethereum's role to that of Microsoft in the early days of web technology, stating that Ethereum, as a familiar and reliable platform, will likely serve as the primary blockchain choice for large-scale financial applications.

However, Pal also acknowledged rising competition from other blockchains like Solana SOL/USD and Sui SUI/USD, which offer distinct advantages.

Solana, with its faster transaction speeds and lower costs, has gained traction as a potential rival to Ethereum.

See Also: This well known prop trading firm is offering 100% of your first $25,000 profit per account and 90% after that. Here's how to get a special 50% OFF CODE that lets you start out with monthly investments as low as $147 today.

Additionally, Sui, in its initial stages of rapid growth, is attracting attention from users seeking lower fees.

While Ethereum may see substantial growth, Pal suggested that newer platforms like Solana and Sui could provide significant competition, particularly for users focused on efficiency and cost-effectiveness.

What’s Next: As Ethereum positions itself for potential growth under Trump's administration, Benzinga’s Future of Digital Assets event on Nov. 19 will offer further insights into regulatory impacts on the crypto space, as experts gather to discuss the evolving landscape for digital assets.

Read Next:

• ‘Scrolling to UBI': Deloitte's #1 fastest-growing software company allows users to earn money on their phones – invest today with $1,000 for just $0.25/share
• With over 7.8K investors including Meta, Google, And Amazon Execs — this AI Startup's valuation has skyrocketed from $5 million to $85 million in just three years. Be an early investor with just $1,000 for only $0.50/share today before the offer closes in 2 weeks.