Monday, September 25, 2023
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One Ethereum Competitor Has Very High Chance of Leading Next Bull Cycle, According to Macro Guru Raoul Pal

Former Goldman Sachs executive Raul Pal said of a particular Ethereum (ethereum) rivals are likely to outperform other crypto markets in the next bull cycle.

At a new Ask Anything (AMA) session, Real Vision founder Solana (Sol) Blockchain has had technical issues lately, but that doesn’t negate the very high activity on-chain and network growth of its Ethereum rival.

“I like Solana. Yes, I understand that it keeps breaking. Yes, I also understand that everyone knows it. Being one of the largest crypto protocols and having more activity than any other chain other than Ethereum, I think Solana has a very good chance of joining the next upcycle successfully.

That’s why I like Solana, it’s the one for me.

Pal says most asset classes are driven by growth in central bank balance sheets, which tend to depreciate fiat currencies as they expand.

The macro expert says the only sectors that typically materially outperform currency declines are cryptocurrency and tech stocks, which is why he remains bullish on digital assets long-term.

“The really interesting question is, when you divide everything by the central bank balance sheet, which one outperforms the depreciation of fiat currencies? There are only two in the world: cryptocurrencies (Bitcoin and Ethereum) and technology Just two of stocks, because they’re both long-term trends in technology, and even real estate, because nothing else outperforms the Fed’s balance sheet. [is] quite horizontal. It does its job and you keep wealth, but it doesn’t create wealth. ”


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Featured Image: Shutterstock/GrandeDuc/Natalia Siiatovskaia

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