SAEDNEWS: Lyn Alden, a macroeconomist who does not consider herself a supporter of Ethereum (ETH), expressed surprise at the poor performance of this cryptocurrency compared to Bitcoin (BTC) following the U.S. presidential election, stating that she expected better results.
According to SaedNews, Alden, in a post dated November 17, stated: "I have always had a critical view of Ethereum, but the recent decline of this cryptocurrency against Bitcoin after the election was beyond what I had predicted."
Alden pointed to the Trump administration's positive stance on cryptocurrencies and said that given this view, the decline 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, at 0.033 Bitcoin, on November 15.
Since November 5, Ethereum's price has grown by 17% to reach $3,107, while Bitcoin's price has surged by approximately 31% to $90,423. It is also worth noting that after Trump's victory, Ethereum ETFs in the United States saw an inflow of $751.8 million.
Reports indicate that some analysts view the recent decline of Ethereum against Bitcoin as a sign of the "gradual death" of this cryptocurrency. However, Joe Lubin, CEO of Consensys, remains optimistic about Ethereum's long-term future and believes that this protocol has more potential compared to other ecosystems (except Bitcoin). He says that due to its maturity and expansion, Ethereum can benefit the most from Trump's victory.
Additionally, Marcin Kazmierczak, one of the founders of RedStone, stated that the Trump administration could advance policies that transform the DeFi sector from a niche area into the mainstream economy.
