Former Goldman Sachs executive: Solana is like Ethereum in 2018, has the potential to perform well

Odaily Planet Daily News Raoul Pal, a former Goldman Sachs executive, said that the current Solana (SOL) is like Ethereum during the bear market in 2018 and 2019. Pal said in an interview that SOL is his second-largest cryptocurrency portfolio allocation and believes it will likely repeat ethereum’s dramatic recovery from a bear market to new highs a few years ago. “I think Solana founder Anatoly Yakovenko has proven himself to be one of the better leaders and thinkers in the space, kind of like Vitalik (Buterin) model. I think developer activity and on-chain activity is doing well. Innovation is great. So there's a probabilistic outcome that it's doing well. It doesn't mean I'm right or wrong, but I'm still very interested in Solana." According to Pal, cryptocurrencies are part of the largest macro setup in history, as he believes the asset class will directly benefit from the rapid development of technology and the debasement of fiat currencies. (The Daily Hodl)