Raoul Pal, a macro guru, says he is still very bullish on Bitcoin, Ethereum, and four large-cap altcoins as crypto continues to gain traction on a global scale.
Pal says in a new interview on the business and entrepreneurial YouTube channel Goko Group that he expects the total cryptocurrency market to grow 100x in the coming years due to exponential adoption.
“[Crypto] has experienced the fastest growth in adoption of any technology in recorded history.” In three and a half years, we’ll go from 150 million to a billion users. It is expected to grow from $2 trillion to $200 trillion as an asset class in the next ten years.”
Pal is looking at six crypto assets that he believes have the most solid potential based on their fundamentals.
“You look at these cryptocurrencies and ask yourself, ‘How many people are using it?'” Is that network expanding, and are people building on it?’ If you can answer yes to those questions, you’ve made a good investment.
Bitcoin, Ethereum, Solana, Terra, and possibly Polkadot or Avalanche are the ones I see that in right now. These are the companies with the highest market capitalization. We’re seeing real use cases, a large number of people adopting it, and a large number of people developing applications on it.”
For those who want to keep things simple, Pal recommends that investors look closely at Ethereum (ETH).
“Take Ethereum, for example. Ethereum is analogous to the internet of money. It’s like the software platform on which everything is built, and it may not go up the most, but it’ll go up a lot because of massive network effects. It’s simple to grasp. It is simple to trade. It is simple to obtain. It’s fluid, and you don’t have to learn too much new stuff.”