Raoul Pal Sees Ethereum-Like Gains for Solana (SOL)
• Former Goldman Sachs executive Raoul Pal says that Solana (SOL) looks reminiscent of Ethereum (ETH) during its bear market of 2018 and 2019.
• Pal believes that SOL has potential to repeat ETH’s dramatic recovery from a bear market to new highs just years ago.
• Pal views crypto as part of the biggest macro setup in history as he believes the asset class will directly benefit from the rapid evolution of technology and the debasement of fiat currencies.
Ex-Goldman Sachs Executive Predicts Potential for Solana (SOL)
Former Goldman Sachs executive Raoul Pal has expressed his confidence in the digital asset Solana (SOL), comparing it to Ethereum (ETH) during its bear market of 2018 and 2019, with potential to achieve similar highs as ETH did.
Crypto Part Of Biggest Macro Setup In History
Pal is convinced that cryptocurrency will benefit from the rapid evolution of technology and debasement of fiat currencies, calling it “the biggest macro setup in history”. He believes this opportunity is once-in-a-lifetime and intends to invest his excess savings into this sector.
Solana Looks Like Ethereum Of 2018/2019
According to Pal, SOL looks reminiscent of ETH during its bear market period, noting founder Anatoly Yakovenko’s leadership skills being on par with Vitalik Buterin’s. Additionally, he finds developer activity, on-chain activity, and innovation impressive – all factors that could lead SOL towards success as well.
Confidence In Crypto Sector Growing
As more institutional investors are beginning to show interest in cryptocurrencies such as Bitcoin and Ethereum, confidence in the sector is growing further – something which could be beneficial for altcoins like Solana too.
High Risk Investment Expected To Pay Off
Overall, investing in SOL carries a high risk due to its volatile nature; however if everything goes according to plan then it could pay off handsomely too – much like what happened with ETH two years ago.