Former Goldman Sachs executive Raoul Pal believes that Solana (SOL) could follow a similar trajectory to Ethereum (ETH) during its bear market in 2018 and 2019. In an interview, Pal stated that SOL, which is his second largest cryptocurrency holding, has the potential for a dramatic recovery and reaching new highs, just like Ethereum did years ago.
Pal expressed his admiration for Solana founder Anatoly Yakovenko, comparing him to Ethereum’s Vitalik Buterin, and praised the level of developer and on-chain activity on the Solana network. He believes that Solana’s innovation and strong leadership position it for potential success.
Pal sees the cryptocurrency market as part of a significant macro setup, benefiting from the rapid advancement of technology and the devaluation of fiat currencies through quantitative easing. He considers this to be a unique opportunity and plans to allocate a significant portion of his savings to the crypto market.