Real Vision CEO: All Banks Will Use Ethereum

Real Vision CEO Raoul Pal said all banks will eventually use Ethereum as central infrastructure for the global financial system.

Pal argued that banks prioritize systems that prove they can survive, perform consistently, and remain sustainable over long periods. Financial institutions favor older technologies since people are generally cautious of adopting new systems that could backfire and put their jobs at risk.

Pro-crypto lawyer Bill Morgan called the prediction bold and questioned whether Pal would bet on it. The XRP community pushed back on the claim, with some members pointing to past remarks from Ripple co-founder Brad Garlinghouse in support of their own blockchain.

Origin Protocol cofounder Josh Fraser sees ETH hitting ₱544,548 ($9,000) by the end of 2026, viewing it as a settlement layer for global on-chain finance. One YouTube analyst argued Ethereum could massively outperform Bitcoin over the next decade as core infrastructure for the new financial system, noting traditional finance's willingness to build on Ethereum post-2008 after risk and compliance shifts in banks. The ETH/BTC ratio sits at roughly 0.022, underperforming relative to Bitcoin and Solana despite stronger on-chain fundamentals, though the same analyst forecasts that ratio rising to 0.04 by the end of 2026.

Ethereum spot ETFs have seen consistent outflows since early 2025 despite infrastructure adoption by firms like BlackRock, Deutsche Bank, and Sony. The blockchain accrues only a small fraction of fees from rollups, pressuring its economic model and making ETH appear expensive on a price-to-earnings basis in a multi-rollup future, with that ratio expected to reach 0.04 by the end of 2026.