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COINTURK NEWS > Solana (SOL) > Raoul Pal Continues Bullish Stance on Crypto Assets Despite Bear Market
Solana (SOL)

Raoul Pal Continues Bullish Stance on Crypto Assets Despite Bear Market

In Brief

  • Raoul Pal, the founder of Real Vision, claims to continue his bullish trend on digital assets, having substantially increased his position size during a bear market. He expressed his views by tackling the stiff competition of the leading smart contract platform, Ethereum (ETH). ContentsA SOL Comment! Bullish Expectation in Crypto! A SOL Comment! During a new […]
İlayda Peker
İlayda Peker 2 years ago
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Raoul Pal, the founder of Real Vision, claims to continue his bullish trend on digital assets, having substantially increased his position size during a bear market. He expressed his views by tackling the stiff competition of the leading smart contract platform, Ethereum (ETH). 

Contents
A SOL Comment! Bullish Expectation in Crypto!

A SOL Comment!

During a new Bankless interview, the former Goldman Sachs executive provided a portfolio update by stating he still invests heavily in one of Ethereum’s (ETH) major competitors. The expert said in his statements: 

I don’t change much. I’m very consistent in what I do. I still have about 80% Solana, a small amount of Bitcoin, and a handful of other things I just bought to get a feel for the price. I don’t talk about them on Twitter because then everyone destroys you and attacks you… Basically, this is the same portfolio I own, and I really don’t change it… I haven’t sold anything, that answers one thing. I probably increased my portfolio by 30-40% from June to October.

Bullish Expectation in Crypto!

Referring to his prediction about crypto and tech stocks, the Bitcoin (BTC) bull suggested that everything is lining up for another bull market with a potential peak in 2026. The analyst said: 

The crypto market looks very bullish from here on. I’m hesitant to specify certain figures, but it seems to be even more bullish than I expected this year. It’s all consistent between your different entry and exit methods. So yes, it just looks like a crypto cycle and it looks as it should. I don’t think this is just a function of mockery because if it were, the 2020-2021 cycle would have been even bigger. This is a function of the available amount of capital to move the field, etc. So yes, it looks very positive to me and I don’t think we need to worry until 2025.

At the time of writing, Bitcoin, the leading cryptocurrency, traded at $31,050, up 1.2% in the past week. 

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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İlayda Peker 21 July, 2023 - 12:49 pm 5 July, 2023 - 2:44 pm
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