Renowned macro expert and former Goldman Sachs executive, Raoul Pal, has divulged that he holds a significant investment in a competitor of Ethereum (ETH). During an interview on the Bankless YouTube channel, Pal stated that approximately 80% of his cryptocurrency portfolio is comprised of Solana (SOL), the native token of the layer-1 blockchain. The remaining portion of his holdings is allocated to memecoins, digital collectibles, and a digital assets-focused investment vehicle. Pal clarified that all of his ETH has been converted into non-fungible tokens (NFTs) of high-end art. Additionally, a small portion (1%) of his portfolio is allocated to “stupid s**t” like dogwifhat, Dogecoin, and Bonk. Pal emphasized that Solana makes up the majority of his investment, stating, “I am 80% Solana.”

Pal explained that he was convinced to heavily invest in Solana after analyzing the Solana/Ethereum chart, which demonstrated significant potential in 2022. Drawing parallels to his decision to invest in Ethereum in September 2020, Pal expressed his confidence in Solana and went “all in” on the project.

As of the time of writing, Solana is trading at $133, representing a remarkable increase of over 1,240% from its 2022 closing price of around $9.89. In comparison, Ethereum has seen a more modest increase of approximately 155%, rising from a 2022 closing price of around $1,200 to its current value of $3,062.

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