Macro guru and Real Vision CEO Raoul Pal says he’s anticipating a “big breakout” for one crypto subsector.
In a new interview on the Empire podcast, the former Goldman Sachs executive says gaming applications are approaching a new phase of adoption that may help trigger growth in the digital asset class.
[adinserter block="1"]“When we start to see just straight-up user applications, we’re starting to see gaming, it’s starting to happen. I think that’s going to be a big breakout.”
Pal adds that his expected surge in crypto adoption will not be limited to blockchain-based games. He says that he expects crypto applications to witness a massive surge in user adoption in the coming months.
“But we’ve got so many of these consumer apps. The old movement of Web2 to Web3 or ‘old internet’ to ‘new internet.’ That’s going to come at scale and I think we’re going to really start kicking off this cycle.”
Pal also believes that “the whole space goes up a lot,” predicting a 10X move for Solana (SOL) and a 4X or 5X rally for Bitcoin (BTC) from current prices.
He also says that a massive trade – likely involving another layer-1 blockchain – will present itself.
“The main thing that I’m starting to think through is there is always another layer-1 race, which is early stage, when you don’t have proven network effects. That bet is actually a good bet. It’s not one you go all in on. But that bet was the Solana bet of the last cycle, the ETH bet of the previous cycle…
So, I’m thinking through that because I reckon there’s a really good trade to come, and it’s a lot of fun, but it comes very quickly, and it usually gets overvalued and then goes down 95% afterward.”
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