Saed News: Lyn Alden, A Macroeconomist Who Does Not Consider Herself An Ethereum (ETH) Supporter, Expressed Surprise At The Poor Performance Of This Cryptocurrency Compared To Bitcoin (BTC) After The U.S. Presidential Election, And Stated That She Expected Better Results.
According To The Cryptocurrency Service Of Saed News, Alden, A Macroeconomist, In A Post Published On November 17, Stated: “I Have Always Had A Critical View Of Ethereum, But The Recent Decline Of This Digital Currency Against Bitcoin After The Election Was Beyond What I Predicted.”
Alden Pointed To The Trump Administration’s Positive View Towards Cryptocurrencies And Said That Considering This View, The Drop In Ethereum’s Value Against Bitcoin After The Election Results Was Surprising. According To TradingView Data, The ETH/BTC Ratio Reached Its Lowest Level Since March 2021 — 0.033 Bitcoin — On November 15.
Since November 5, Ethereum’s Price Has Grown By 17 Percent To $3,107, While Bitcoin’s Price Has Jumped Approximately 31 Percent To $90,423. It Is Also Worth Mentioning That After Trump’s Victory, Ethereum ETFs In The United States Have Seen Capital Inflows Amounting To $751.8 Million.
According To Reports, Some Analysts Consider The Recent Decline Of Ethereum Against Bitcoin As A Sign Of The “Gradual Death” Of This Cryptocurrency. However, Joe Lubin, CEO Of ConsenSys, Is Optimistic About Ethereum’s Long-Term Future And Believes This Protocol Has More Capability Compared To Other Ecosystems (Except Bitcoin). He Says That Due To Its Maturity And Expansion, Ethereum Is Best Positioned To Benefit The Most From Trump’s Victory.
Additionally, Marcin Kazmierczak, One Of The Founders Of RedStone, Has Stated That The Trump Administration Could Implement Policies That Transform The DeFi Sector From A Limited Field Into The Mainstream Economy.
