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Raoul Pal 喊單 ETH:按當前趨勢隨著時間推移有望跑贏 BTC

2026-04-08 10:05:41

ChainCatcher 消息,高盛前高管、《全球宏觀投資者》一書作者、Real Vision 聯合創始人兼首席執行官 Raoul Pal 在社交媒體發文表示,"ETH/BTC 匯率現在變得非常有意思,這與商業週期(ISM 上升)和流動性上升的趨勢是一致的。從長期圖表來看,走勢依然非常具有建設性。自 2017 年以來,ETH 相對於 BTC 大體上保持了其價值;如果這一圖表繼續按當前趨勢發展,ETH 應該會隨著時間推移跑贏 BTC。

這在直覺上也是合理的:作為智能合約平台,ETH 的可觸達市場規模(TAM)與『價值儲存』屬性的 BTC 有本質不同。BTC 主要承載的是總儲蓄價值,而 ETH 則可以承載經濟活動本身的價值。正因為這種差異,隨著時間推移,智能合約的主導地位相對於 BTC 會不斷上升。"

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