Macro guru and ex-Goldman Sachs executive Raoul Pal is revealing that he’s heavily invested in one Ethereum (I-ETH) imbangi.
I-Pal uthi in an appearance on the Bankless YouTube channel that the native token of the layer-1 blockchain Solana (SOL) comprises about four-fifths of his crypto holdings while the rest is in memecoins, digital collectibles and in a digital assets-focused investment vehicle.
“I am 80% SOL. All of my ETH is now NFTs (non-fungible tokens), I have been buying high-end art NFTs.
I then have a bunch of the portfolio in the fund of hedge funds in Exponential Age Asset Management.
And I have 1% in stupid s**t like dogwifhat, Dogecoin and Bonk. Got all of those. But that’s 1%… just to be clear I’ve got like in all of memecoins and everything else, 1% of my portfolio. I am 80% Solana.”
On what convinced him to bet heavily on Solana, the former Goldman Sachs executive says,
“The chart that was a standout in 2022 was the Solana/Ethereum chart. And that was the chart that got me buying Solana and then going all in. Much like I went into Ethereum all in about September 2020. I just did it earlier in Solana.”
Solana is trading at $133 at time of writing, up by over 1,240% from the 2022 closing price of about $9.89.
Over the same period, Ethereum has increased by around 155% from the 2022 closing price of around $1,200 to the current $3,062.
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- Source: https://dailyhodl.com/2024/04/17/former-goldman-sachs-executive-says-80-of-his-crypto-portfolio-allocated-to-one-ethereum-rival/
