Raoul Pal, the CEO of Real Vision, has a few days ago stated that the clearest bet in the crypto space right now is on Ethereum (ETH), the second-largest cryptocurrency by market capitalization.
The macro analyst and former Goldman Sachs fund manager said this in an interview with Camila Russo on The Defiant. He added that Ether currently offers the best risk-to-reward ratio.
Read Also: Real Vision’s Raoul Pal: Ethereum (ETH) Will Beat Every Other Top Crypto in the Coming Years
Raoul Pal noted:
“If you can only own one asset over the next 12 months, what would it be? It would be Ethereum. Because it’s the least risky with the highest rewards.”
Impact of the Upcoming Ethereum Upgrades
According to Raoul Pal, upcoming Ethereum upgrades will drastically reduce ETH’s supply and significantly boost the rate of using its network.
The much-awaited London hard fork is expected to play out on 4th August 2021. EIP-1559 is also a big upgrade that will launch along with the London hard fork on 4th August. This upgrade will make Ethereum become a deflationary asset, due to the fact that ETH transaction fees will either be burnt or saved into a long-term mining pool.
Read Also: This Is Why Ethereum Co-Founder Is Bidding Farewell to Crypto Industry
Raoul Pal, in his conversation on The Defiant, is of the opinion that the upcoming transition to a proof-of-stake (PoS) consensus mechanism will make Ethereum (ETH) more environmentally friendly.
He also predicted that the upcoming upgrades will bring institutional investors to the world’s largest smart contracts platform:
“It feels like we’re in for the double pump. The 2013 repeat.”
Real Vision CEO further noted that he has increased his exposure to Ethereum as much as he reduced his exposure to Bitcoin.
According to Pal, ETH now takes 55% of his crypto portfolio, while BTC takes only 25%, and the remaining 20% is invested in other crypto assets. Conclusively, he said 100% of his liquid assets are in cryptocurrency.
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