Macro expert and Real Vision CEO Raoul Pal has revealed his cryptocurrency holdings, saying his capital is geared towards capturing potential upside in riskier digital assets.
In an interview on the Crypto Banter YouTube channel, the former Goldman Sachs executive says about 90% of his stash consists of cryptocurrency hedge funds, Solana (SOL), non-fungible tokens (NFTs), and layer 1 blockchain Sui (SUI) . .
“The remaining 90% is Solana and hedge funds…
I own a lot of NFTs. I have been purchasing high-end art from NFTs. But in reality, I allocate most of my Ethereum to a hedge fund that I invest in, an asset management company that does the job of picking all the right tokens.
I also belong to the SUI Foundation. There is also SUI.”
Pal details why he invested in Solana and Ethereum (ETH) competitor Sui.
“I wanted to best cover this whole cryptocurrency thing in a variety of ways because there are a lot of opportunities here and I wanted to see and experience everything.
One of the things I’d like to do is go on one of the big layer-1 trips. But you have to be very careful who you want to be a part of, (Sui) is a very serious group. Coming out of Facebook…
Very interesting, high quality people and an amazing project.”
Pal also explains why he invested in SOL and cryptocurrency hedge funds.
“SOL is like ETH in the last cycle. Furthermore, the current risk curve is hedge fund. “Because this is an alternate season, so we’re kind of at maximum risk.”
At the time of this writing, SUI is trading at $1.60 and SOL is trading at $145.81.
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