Cloud Hosting

Macro guru Raoul Pal says he remains very bullish on Bitcoin, Ethereum and four large-cap altcoins as crypto continues to see adoption on a global scale.

In a new interview on business and entrepreneurial YouTube channel Goko Group, Pal says he expects the total crypto market to rise 100x in the coming years on the back of exponential adoption.

[Crypto] is the fastest growing adoption in any technology in all recorded history. Were going to go from 150 million users to a billion users in three and a half years. It is going from $2 trillion to $200 trillion as an asset class probably in 10 years.

According to Pal, hes looking at six crypto assets which he thinks have the most solid potential based on their fundamentals.

What you do is look at these cryptocurrencies and say, How many people are using it? Is that network growing and are people building stuff on it? If you can answer those questions with yes, then youve got a good investment

The ones that I see that in right now are Bitcoin, Ethereum, Solana, Terra and probably Polkadot or Avalanche. Those are the ones with a larger market cap. Were seeing real use cases, lots of people adopting it and lots of people developing applications on it.

For those who want to keep it simple, Pal says investors should take a close look at Ethereum (ETH).

Just take Ethereum. Ethereum is like the internet of money. Its like the software platform that everything is being built on, and it may not go up the most, but its going to go up a hell of a lot because its got massive network effects. Its easy to understand. Its easy to trade. Its easy to buy. Its liquid and you dont have to learn too many new things.

O

Featured Image: Shutterstock/Vectorpocket

See the article here:
Bitcoin, Ethereum and Four Altcoins Witnessing Mass Adoption As Crypto Market Targets $200,000,000,000,000 ... - The Daily Hodl