According to former Goldman Sachs executive and macroeconomic expert Raoul Pal, ETH 0.06%-news/">ETH remains the safest and easiest way to allocate assets, and he expects a massive supply shock from Ethereum’s merger upgrade, which will benefit ETH’s price action.
Raoul Pal said, “Many institutions wrongly dislike Bitcoindue to environmental, social and governance (ESG) concerns. Pos mechanisms can avoid this problem. Also, ETH can now yield, so this is something institutions like …so now you need to make an asset allocation decision, which I believe in this Web 3.0 tech world, so where do you allocate your funds? BTC or ETH? The answer will be ETH. Why? Because you’re going to get 6 -10% yield.”