Ethereum

Solana

Dogecoin

<div class="dailyhodl">
 <p>Macro guru and ex-Goldman Sachs executive Raoul Pal is revealing that is heavily invested in one Ethereum (ETH) competitor.</p>
 <p>Pal says 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.</p>
 <div class="code-block code-block-055f5289fd7e731bb72be7c5a19d18ed code-block-1">  
 </div>
 <p><i>“I am 80% SOL. All of my ETH is now NFTs (non-fungible tokens), I have been buying high-end art NFTs. </i></p>
 <p><i>I then have a bunch of the portfolio in the fund of hedge funds in Exponential Age Asset Management.</i></p>
 <p><i>And I have 1% in stupid s**t like dogwifhat, Dogecoin and Bonk. Got all of those. But that’s 1%… j</i><i>ust to be clear I’ve got like in all of memecoins and everything else, 1% of my portfolio. I am 80% Solana.”</i></p>
 <p>On what convinced him to bet heavily on Solana, the former Goldman Sachs executive says,</p>
 <p><i>“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.”</i></p>
 <p>Solana is trading at $133 at time of writing, up by over 1,240% from the 2022 closing price of about $9.89.</p>
 <p>Over the same period, Ethereum has increased by around 155% from the 2022 closing price of around $1,200 to the current $3,062.</p>
 <div class="video-container"><iframe title="YouTube video player" src="https://www.youtube.com/embed/ef9mjK6euW4?si=O6vSqa3hYilAUu7h" width="560" height="315" frameborder="0" allowfullscreen></iframe>
 </div>
 <p>&nbsp;</p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/former-goldman-sachs-executive-says-80-of-his-crypto-portfolio-allocated-to-one-ethereum-rival-tbt85562.html">https://thebittimes.com/former-goldman-sachs-executive-says-80-of-his-crypto-portfolio-allocated-to-one-ethereum-rival-tbt85562.html</a></p>

Former Goldman Sachs Executive Says 80% of His Crypto Portfolio Allocated to One Ethereum Rival

TheBitTimes

Other articles published on Apr 17, 2024

Bitcoin struggles below $64k ahead of the halving: Will it plunge lower?

Solid Allies Form as Koala Coin (KLC) Aligns with the Consistent Climb of NEAR Protocol Backed by...

Kima Network Introduction

Insights on Bitcoin Market Dynamics and Investor Sentiment

Telegram founder praises privacy in crypto, worries about future of secure hardware

Ethereum Faces Challenges Amidst Crypto Market Turbulence: Can ETH Sustain $3,000?

Join our free newsletter for daily crypto updates!