Macro guru Raoul Pal says he remains very bullish on Bitcoin, Ethereum and four large-cap altcoins as crypto continues to be adopted globally.
In a new maintenance on the Goko Group business and entrepreneurship YouTube channelPal says he expects the total crypto market to grow 100-fold in the coming years thanks to exponential adoption.
“[Crypto] is the fastest growing adoption of any technology in recorded history. We will go from 150 million users to one billion users in three and a half years. It will grow from $ 2 trillion to $ 200 trillion as an asset class probably in 10 years. “
According to Pal, he’s looking at six crypto assets that he believes have the strongest potential based on their fundamentals.
âWhat you do is look at these cryptocurrencies and say, ‘How many people are using it? Is this network growing and people building stuff on it? Â»If you can answer yes to these questions, then you have a good investment.
The ones I’m seeing right now are Bitcoin, Ethereum, Solana, Terra, and probably Polkadot or Avalanche. These are the ones with a larger market capitalization. We are seeing real use cases, a lot of people are embracing it, and a lot of people are developing apps on it.
For those who want to keep it simple, Pal says investors should take a close look at Ethereum (ETH).
âJust take Ethereum. Ethereum is like the Internet of Money. It’s like the software platform that everything is built on, and it might not grow the most, but it’s going to grow tremendously because it has huge network effects. It’s easy to understand. It’s easy to exchange. It’s easy to buy. It’s liquid and you don’t have to learn too many new things.
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