Economist and CEO of the company Raul PAL stressed that he is not an opponent of the first cryptocurrency. Earlier, he predicted its price to rise to $1 million

In the future, Ethereum will cost more than Bitcoin, economist and CEO of Real Vision Raul PAL said on his Twitter account. He did not give specific reasons and terms, but noted that he is not an opponent of the first cryptocurrency and a defender of altcoin. These are two different ecosystems with different features.

"It looks like Ethereum will overtake bitcoin in price at some point. I haven't bought it yet, " PAL wrote.

At the moment, Ethereum is trading at $247, and the altcoin has risen by 4% in 24 hours. However, this is 82% cheaper than the historical maximum of $1,432 set in December 2017.

At the end of April, PAL announced an extremely positive forecast for bitcoin. The economist suggested that the coin will rise in price to $100,000 within 2 years, and within 5 years — to $1 million. The first cryptocurrency will become the future of the financial system, and the world stock market and the economy as a whole are entering a period of depression, as it was in 1920.

At the end of may, the Creator of the McAfee antivirus, John McAfee, said that" the most wretched cryptocurrency " bitcoin will never rise in price to $1 million. In this case, its capitalization will exceed the GDP of the entire North American continent, which is "nonsense".