Raoul Pal, a well-known macroeconomics expert and former Goldman Sachs executive, made shocking revelations about his cryptocurrency portfolio in a recent interview with the Bankless YouTube channel. According to Pal, most of his crypto investments are concentrated in Solana (SOL), a direct competitor to Ethereum. He stated that around 80% of his digital assets are allocated to Solana.
“I am 80% SOL. All my ETH is now NFTs (non-fungible tokens), I have been buying high quality art NFTs. And I have 1% in stupid shit like dogwifhat, Dogecoin and Bonk. I have it all. But that’s 1%… just to be clear, I have, as with all memecoins and everything, 1% of my portfolio.”
explained Pal, demonstrating a diversified strategy that includes digital collectibles and memecoins, although they are only a small fraction of his portfolio.
In addition to his strong bet on Solana, Pal mentioned an interest in more traditional investments in the digital field, such as hedge funds linked to digital asset management, representing another significant part of his investment portfolio.
The decision to invest heavily in Solana was not random. Pal detailed that his choice was influenced by a comparative graphical analysis between Solana and Ethereum throughout 2022. “The chart that stood out in 2022 was the Solana / Ethereum chart. And that was the chart that made me buy Solana and then go all in. Just like I got into Ethereum around September 2020. I just did it earlier on Solana,” shared the former executive.
Pal's confidence in Solana seems well-founded considering the crypto asset's impressive performance. Solana is currently trading at $133, marking a massive increase of over 1.240% from its 2022 closing price of approximately $9,89. In comparison, Ethereum also saw a significant, albeit more modest, increase of around 155% over the same period.
