Raoul Pal, macroeconomics guru and CEO of Real Vision, says he expects a “big breakthrough” for a crypto subsector.
In a new interview on the Empire podcast, the former Goldman Sachs executive says gaming apps are approaching a new phase of adoption that could help spark growth in the digital asset class.
“When we start seeing pure user-facing applications, we start seeing games, it starts to happen. I think that’s going to be a big breakthrough.”
Pal adds that the expected surge in cryptocurrency adoption won’t be limited to blockchain-based gaming. He expects crypto apps to see a massive surge in user adoption in the coming months.
“But we have so many consumer applications. The movement from Web2 to Web3 or from the ‘old Internet’ to the ‘new Internet’ is going to grow in a big way and I think we’re really going to start to get that cycle going.”
Pal also believes that “the whole space is going up a lot,” predicting a 10X move for Solana (SOL) and a 4X or 5X rally for Bitcoin (BTC) from current prices.
He also says that a massive swap – likely involving another layer 1 blockchain – will come along.
“The main thing I start to think about is that there’s always another race to tier 1, which is early in the process, when you don’t have proven network effects. That bet is actually a good bet. It’s not a bet that you go all in on. But that bet was the Solana bet last cycle, the ETH bet last cycle…
So I’m thinking about it because I think there’s a really good deal coming, and it’s a lot of fun, but it happens really fast, and the stock usually gets overvalued and then drops 95% afterward.
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