Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.
Pal recently hosted an ask me anything (AMA). Amongst various different questions, Pal predicted that “as adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.” He added that “we’re going to see ETH lead the charge, and then we’ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.”
Pal is keeping his eye on one Ethereum competitor though. “I think a lot of these layer ones this time around will be like ETH in the last cycle. They’ll end up becoming very large dominant chains. Which ones? I don’t really know. My bet is really on Solana, but it could be any of these.” He added that he is “watching them and waiting to see,” tracking SOL/ETH using a DeMark indicator.
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. “You weigh them [varying opinions] yourself, how important is that to me?… Having people’s opposite opinions, differences, and nuances, is really important for the macro scenario…Once you start listening to a lot of people you can start formulating your own opinions.”
He believes that you should follow what makes the most sense from your view – this added responsibility will likely form a better and stronger choice for yourself.
See Related: The Misconceptions With The Ethereum Merge
