Macro Guru Raoul Pal Reveals Heavy Investment in Ethereum Competitor Solana (SOL)
Raoul Pal, a well-known macro guru and former Goldman Sachs executive, has made a bold move by heavily investing in Solana (SOL), an Ethereum (ETH) competitor. In a recent appearance on the Bankless YouTube channel, Pal revealed that about 80% of his crypto holdings are in Solana, with the rest spread across NFTs, digital collectibles, and other investments.
Pal explained that he was drawn to Solana after seeing the impressive performance of the Solana/Ethereum chart in 2022. This led him to go all in on Solana, much like he did with Ethereum back in September 2020. Currently, Solana is trading at $133, a significant increase from its 2022 closing price of $9.89.
In comparison, Ethereum has also seen growth, with a 155% increase from its 2022 closing price of around $1,200 to the current price of $3,062. Despite this, Pal seems confident in his decision to heavily invest in Solana.
It’s clear that Pal is taking a calculated risk with his investment strategy, allocating a small portion of his portfolio to meme coins like Dogecoin and Bonk, while focusing the majority on Solana. As the crypto market continues to evolve, it will be interesting to see how Pal’s investment in Solana plays out.
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