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Ex-Goldman Sachs Exec Shifts Most of His Assets to Solana, Moving Away from Bitcoin

Ex-Goldman Sachs Exec Shifts Most of His Assets to Solana, Moving Away from Bitcoin

Cryptodnes2024/07/27 09:16
By:Cryptodnes

Raoul Pal, CEO of Real Vision, has dramatically revised his investment strategy by shifting the bulk of his liquid assets into Solana (SOL), moving away from Bitcoin (BTC) and other cryptocurrencies.

Known for coining the term “Banana Zone,” Pal now has 90% of his investable assets in Solana , citing its potential for higher returns compared to Bitcoin.

In a recent video update, Pal shared his rationale: “I’ve allocated 90% of my liquid assets to Solana. While I still value Bitcoin, I believe Solana offers greater upside potential.”

Solana’s strong performance this year—up about 75%—has outpaced Bitcoin’s 58% increase and Ethereum’s 42% rise. Pal likens Solana’s future growth to Ethereum’s past surge, noting Solana’s user experience is akin to Apple’s streamlined ecosystem compared to Ethereum’s broader, more open platform.

READ MORE:
Solana Flips Binance Coin to Take the Number Four Spot

Pal’s move comes as the crypto market prepares for a potential new rally, dubbed the “Banana Zone.” Additionally, recent interest in Solana from major asset manager Franklin Templeton suggests a possible spot exchange-traded fund (ETF) could further boost Solana’s market presence, although regulatory hurdles, such as the lack of a CME futures market for Solana, could pose challenges.



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