ETC Group Head of Research: Ethereum's Performance Could Outpace Bitcoin in 2024

André Dragosch, the Head of Research at ETC Group, suggests that Ethereum's performance could surpass that of Bitcoin in 2024. He points out that Ethereum's technological advancements and its position as a leading smart contract platform will likely reverse its relatively poor performance compared to Bitcoin this year. Dragosch adds, "Historically, the 12-month relative performance between Ethereum and Bitcoin has shown a strong mean-reverting trend." He states that Ethereum's performance relative to Bitcoin may revert to the mean, noting that, except for 2023, Ethereum has consistently outperformed Bitcoin since its inception in July 2015.