Former Goldman Sachs executive Raoul Pal thinks exchanges and other crypto intermediaries are giving power to individuals to revolutionize their finances.
Pal recently polled his one million followers on the social media platform X, asking whether their personal portfolios outperformed or underperformed the S&P 500 this year.
Nearly 11,000 people responded, with 80.7% of them claiming their portfolios beat the S&P 500, which is up 27.5% year-to-date.
Pal says the overwhelming majority of people outperforming the S&P 500 is a sign that everyday investors are sharing ideas to beat market experts.
“The BIG idea here is that the exponential trend of self-investing via crowd-shared ideas and the freedom to transact will massively outperform the TradFi (traditional finance) gatekeepers and 401k industrial complex over time… and it is glorious to see.
80% of people here have beaten what most asset managers haven’t beaten – the S&P 500.
Binance, Coinbase, Robinhood, Kraken, etc. and product providers like VanEck, Bitwise, etc., are vital in this process of the change of power and have pioneered it.”
In terms of specific tokens, the Real Vision chief executive thinks the Solana (SOL) competitor Sui (SUI) is likely to be the “next big thing” in crypto.
The layer-1 blockchain’s native token, SUI, is trading at $3.36 at time of writing, down over 1% on the day.
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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 losses 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.
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