Macro guru and Real Vision CEO Raoul Pal reveals his crypto holdings, saying his capital is focused on capitalizing on the potential rise of riskier digital assets.
In a interview on the Crypto Banter YouTube channel, the former Goldman Sachs executive says about 90% of his stock consists of crypto hedge funds, Solana (SOL), non-fungible tokens (NFTs) and layer-1 blockchain Sui (SUI).
“The other 90% are Solana and hedge funds…
I own a number of NFTs. I bought some high-end art in NFTs. But basically I put most of my Ethereum into the fund, the asset manager that I have, so that it is allocated to hedge funds whose job is to select all the right tokens.
I am also a member of the SUI Foundation. I also have some SUI.”
Pal elaborates on why he invested in Sui, a competitor to both Solana and Ethereum (ETH).
“I wanted to best describe this whole crypto in a few different ways because there is a lot of opportunity here and I also wanted to see and experience it all.
One of the things I want to do is do one of the trips of one of the big layer 1’s but you have to be very careful who you want to be a part of but [Sui] is a very serious group that emerged from Facebook…
They are very interesting people of super quality, a great project.”
Pal also explains why he invested in SOL and crypto hedge funds.
“SOL is like last cycle ETH. Further down the risk curve are currently the hedge funds, because we are currently running a kind of maximum risk because it is peak season.
SUI is trading at $1.60 at the time of writing, while SOL is trading at $145.81.
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Generated image: Midjourney