Raoul Pal, a former Goldman Sachs executive, recently discussed why he is optimistic about various cryptocurrencies, and specifically, why he is bullish on Cardano ($ADA), Solana ($SOL), and XRP, all of which he owns.
During his time at Goldman Sachs, the 53-year-old British investor co-managed the European hedge fund sales division in Equities and Equity Derivatives.
Here’s what co-founder and CEO of Real Vision, a financial and business video platform, has to say about Solana.
“I think it’s the ETH of this cycle. Well, remember, the each of the last shot, you know, it was the one that became a big because [of] the pedigree of all the people involved in it. The speed of adoption is ridiculous. I mean it’s growing faster than ETH did at that point in the cycle.. The number of applications…
“Someone just sent me a chart of the ecosystem.There’s like 300 people already working with Solana… This is happening at a speed none of us can get our heads around…. Solana looks it’s going to win this cycle.“
Raoul is the founder of Global Macro Investor (GMI), a macroeconomic and investment strategy research firm, as well as a prominent investor and staunch Crypto supporter.