Pal an important influencer in the cryptocurrency space. He was once time an executive at Goldman Sachs, where he co-managed the firm’s European hedge funds sales business in Equity and Equity Derivatives. After his time at Sachs, Pal co-managed the GLG Global Macro Fund for Man GLG. In 2005, he founded Global Macro Investor (GMI), a macroeconomic and investment strategy research company. He is currently the CEO of Real Vision, a finance and business video channel.
At the beginning of the year, Pal topped up on his ETH holding, reshuffling his portfoliofrom a ratio of 80% BTC/20% ETH to 70% BTC/30% ETH.
Yesterday, the CEO took to Twitter to explain why he is very bullish on Ethereum.
He started by admitting that Ethereum was a key piece of the DeFi and NFT community. According to him:
Putting but cryptocurrencies side-by-side, data on TradingView confirms that Ethereum has outperformed Bitcoin on a year-to-date basis. While Bitcoin is up by 87.07% against the US Dollar, Ethereum is up by over 233%. Furthermore, Ethereum is poised to reach higher levels following its transition to the much-anticipated Ethereum 2.0.
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Source: Cryptocurrency - investing.com
