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Raoul Pal: Ethereum Merger Will Make ETH More Attractive to Institutional Investors

By WebsCryptoAugust 15, 20221 Min Read
Raoul Pal: Ethereum Merger Will Make ETH More Attractive to Institutional Investors
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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 Bitcoin BTC -0.40% due 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.”

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DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
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