In a recent interview, former Goldman Sachs executive Raoul Pal talked about why is excited about certain altcoins, and in particular explained why he is bullish on Cardano ($ADA), Solana ($SOL), and XRP, all of which he currently owns.
Prior to founding macro economic and investment strategy research service Global Macro Investor (GMI) in 2005, Pal co-managed the GLG Global Macro Fund in London for global asset management firm GLG Partners (which is now called “Man GLG”). Before that, Pal worked at Goldman Sachs, where he co-managed the European hedge fund sales business in Equities and Equity Derivatives. Currently, he is the CEO of finance and business video channel Real Vision, which he co-founded in 2014.
Pal is bearish on fiat currencies, especially the U.S. dollar, because he believes that they are continuously depreciating against assets such as real estate, stocks, and crypto. Although some believe that we are currently witnessing an “everything bubble” that is about to burst, Pal remains bullish on both stocks and crypto. Nevertheless, he says that he has invested 100% of his liquid net worth in crypto because he believes that this asset class offers the greatest upside potential.