Former Goldman Sachs Executive Discloses his Current Crypto Allocation with Maximum Risk, Reveals Ownership of Solana Competitor
Raoul Pal, the renowned macro guru and CEO of Real Vision, is revealing his cryptocurrency holdings, highlighting his focus on capturing the potential growth of riskier digital assets.
During an interview on the Crypto Banter YouTube channel, Pal, a former Goldman Sachs executive, disclosed that approximately 90% of his portfolio consists of crypto hedge funds, Solana (SOL), non-fungible tokens (NFTs), and the layer-1 blockchain Sui (SUI).
“Solana and hedge funds make up the other 90%… I own a collection of NFTs, including some high-end art pieces. However, most of my Ethereum is allocated to the fund managed by my asset management firm, which selects the best tokens through careful analysis. Additionally, I am involved with the SUI Foundation and hold some SUI tokens,” Pal said.
Pal further explained his investment in Sui, which competes with both Solana and Ethereum.
“I wanted to cover the crypto space comprehensively in various ways because there are abundant opportunities, and I wanted to explore and experience them all. One of my goals is to embark on a journey with one of the major layer-1 projects. However, it is crucial to be cautious about the projects you choose to be a part of. Sui, in particular, is an impressive group that originated from Facebook. It comprises highly qualified individuals and represents an amazing project,” Pal elaborated.
Pal also outlined his reasons for investing in SOL and crypto hedge funds.
“SOL is reminiscent of ETH during the previous cycle. Currently, the hedge funds represent a higher level of risk as we are in the alt season, pushing the boundaries of risk,” Pal explained.
At the time of writing, SUI is trading at $1.60, while SOL is priced at $145.81.
Stay updated with the latest news by subscribing to our email alerts.
For price action updates, follow us on Twitter, Facebook, and Telegram.
Disclaimer: The opinions expressed in this article are not financial advice and should not be considered as such. Investors are advised to conduct their own research and due diligence before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets. Please be aware that all transfers and trades are undertaken at your own risk, and any losses incurred are your responsibility. The Daily Hodl does not endorse the buying or selling of any cryptocurrencies or digital assets, nor does it provide investment advice. Please note that The Daily Hodl participates in affiliate marketing.
Image Source: Midjourney