Macro guru Raoul Pal says he remains very bullish on Bitcoin, Ethereum and four large-cap altcoins as crypto continues to see adoption on a global scale.
In a new interview on business and entrepreneurial YouTube channel Goko Group, Pal says he expects the total crypto market to rise 100x in the coming years on the back of exponential adoption.
“[Crypto] is the fastest growing adoption in any technology in all recorded history. We’re going to go from 150 million users to a billion users in three and a half years. It is going from $2 trillion to $200 trillion as an asset class probably in 10 years.”
According to Pal, he’s looking at six crypto assets which he thinks have the most solid potential based on their fundamentals.
“What you do is look at these cryptocurrencies and say, ‘How many people are using it? Is that network growing and are people building stuff on it?’ If you can answer those questions with yes, then you’ve got a good investment
The ones that I see that in right now are Bitcoin, Ethereum, Solana, Terra and probably Polkadot or Avalanche. Those are the ones with a larger market cap. We’re seeing real use cases, lots of people adopting it and lots of people developing applications on it.”
For those who want to keep it simple, Pal says investors should take a close look at Ethereum (ETH).
“Just take Ethereum. Ethereum is like the internet of money. It’s like the software platform that everything is being built on, and it may not go up the most, but it’s going to go up a hell of a lot because it’s got massive network effects. It’s easy to understand. It’s easy to trade. It’s easy to buy. It’s liquid and you don’t have to learn too many new things.”
Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Vectorpocket