Macro guru and former Goldman Sachs executive Raul Pal has revealed that he has a significant investment in one Ethereum (ETH) competitor.
In an appearance on the Bankless YouTube channel, Pal said that the native token of Layer 1 blockchain Solana (SOL) accounts for about four-fifths of his crypto assets, with the rest focused on meme coins, digital collectibles, and digital assets. He said it was due to the investment he made. vehicle.
“I'm 80% SOL. All my ETH is going into NFTs (non-fungible tokens) and I'm buying high-end art NFTs.
And I have a bunch of portfolios in Exponential Age Asset Management's Fund of Hedge Funds.
And I have 1% on stupid shit like dogwifhat, Dogecoin, Bonk. Got them all. But that's 1%…jJust to be clear, I have 1% of my portfolio, including meme coins and everything else. I'm 80% Solana. ”
A former Goldman Sachs executive explains what led him to make the big bet on Mr. Solana.
“The chart that stood out in 2022 was the Solana/Ethereum chart. And that was the chart that led me to buy Solana and go all in. I got into Ethereum around September 2020. Like, we just started doing that with Solana.”
Solana is trading at $133 at the time of writing, an increase of over 1,240% from its 2022 closing price of approximately $9.89.
Over the same period, Ethereum rose approximately 155% from its 2022 closing price of approximately $1,200 to its current $3,062.
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