ETH has outperformed BTC by 250% since inception
Real Vision’s Raoul Pal believes that altcoins with an active ecosystem of devs and apps will likely beat out Bitcoin over time. Real Vision co-founder and CEO Raoul Pal has sparked a spirited debate after predicting that Ethereum and other coins with "network effects" will outperform Bitcoin over time. Pal shared a chart of Ether’s price relative to BTC since Aug. 7, 2015 — six years after Bitcoin was created — showing that “ETH has outperformed BTC by 250%.”
According to TradingView’s Bittrex chart, ETH began trading for roughly 0.006 BTC on Aug 10, 2015. It is currently sitting at 0.0359 BTC.
Bitcoiners weren’t pleased with Pal’s interpretation of events, with Craig Wright antagonist, Arthur van Pelt, arguing Ethereum has outlived its early hype and that since the 2017 bull run “it’s down 77% and on a long term decline. Cold hard facts.”
In response, Raoul remarked “Since this halving cycle started, it’s up over 100%. Cold hard facts.”
Fund strategist and Bitcoin advocate Brad Mills took issue with the comparison itself, asserting the logic underpinning the analysis is flawed as it does not offer a comparison between the currencies since their respective beginnings.
On-chain analyst Willy Woo suggested that Ethereum’s price rise was simply the initial hype cycle playing out and that ETH has little potential for future price increases. The first four-year cycle of any coin, he explained, “is its highest climber,” adding that ETH will likely just oscillate around Bitcoin’s price from here on, and it’s time to move on from it:
“You may as well just leverage BTC now that we are in 2021 with well developed extremely liquid derivative markets."
There's more riding on this debate about ETH's rise in BTC terms than just pride. In November last year What Bitcoin Did podcaster Peter McCormack challenged Pal to a bet, taking the position that BTC will be up against ETH after one year. Pal took the other side, and states ETH will rise closer to Bitcoin’s price after one year, with the loser to fly the winner over for drinks, in either London or theCaymen Islands.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 77.2% | 36 | $63 695.19 | 2.82% | -1.11% | $1 258 886 036 021 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 79.6% | 42 | $2 490.20 | 3.09% | -5.37% | $299 768 639 188 |  |
|
| 3 |  USDT |
Tether predictions | 95.6% | 1 | $0.999956 | 0.01% | -0.03% | $119 672 108 517 |  |
|
| 4 |  BNB |
Binance Coin predictions | 74.8% | 42 | $576.62 | 2.52% | -0.86% | $84 147 001 130 |  |
|
| 5 |  SOL |
Solana predictions | 72.4% | 50 | $149.24 | 4.35% | -4.81% | $70 016 302 319 |  |
|
| 6 |  USDC |
USD Coin predictions | 93.6% | 1 | $1.000073 | 0.01% | -0.01% | $35 552 901 177 |  |
|
| 7 |  XRP |
XRP predictions | 73.6% | 44 | $0.542179 | 2.14% | -15.98% | $30 667 831 082 |  |
|
| 8 |  DOGE |
Dogecoin predictions | 82% | 34 | $0.114329 | 5.35% | -6.62% | $16 722 194 573 |  |
|
| 9 |  TON |
Toncoin predictions | 79.6% | 31 | $5.35 | 3.07% | -7.82% | $13 576 178 433 |  |
|
| 10 |  TRX |
TRON predictions | 91.2% | 1 | $0.154459 | 0.75% | -0.38% | $13 373 452 976 |  |
|
| 11 |  ADA |
Cardano predictions | 78.8% | 40 | $0.363459 | 3.98% | -6.77% | $12 706 925 740 |  |
|
| 12 |  AVAX |
Avalanche predictions | 69.6% | 63 | $27.49 | 5.80% | -3.86% | $11 173 802 384 |  |
|
| 13 |  SHIB |
SHIBA INU predictions | 54% | 94 | $0.000019 | 7.36% | -0.85% | $10 924 438 804 |  |
|
| 14 |  STETH |
Lido stETH predictions | 92% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 15 |  WTRX |
Wrapped TRON predictions | 94.4% | 1 | $0.116354 | -0.46% | 0.23% | $10 171 995 609 |  |
