Macroeconomist Lyn Alden, a self-admitted long-term Ethereum bear, expressed surprise at Ethereum’s weak performance against Bitcoin after Donald Trump’s presidential victory. In a Nov. 17 post, Alden noted that despite the election outcome being favorable to crypto securities, the ETH/BTC ratio hit a multi-year low of 0.033 on Nov. 15, the lowest since March 2021.
While Ether’s price rose 17% to $3,107 since Nov. 5, Bitcoin surged by 31%, reaching $90,423. This divergence occurred despite cumulative inflows of $751.8 million into U.S. Ethereum spot ETFs since Trump’s win.
Industry opinions remain split. Consensys CEO Joe Lubin believes Ethereum is well-positioned to benefit long-term, citing its maturity compared to other ecosystems. Meanwhile, Marcin Kaźmierczak of RedStone suggested Trump’s administration could mainstream decentralized finance (DeFi), potentially boosting Ethereum’s prospects.
Source: Cointelegraph
