Crypto expert Raoul Pal is betting big on a surge in crypto adoption, especially in the gaming and consumer app sectors.
Gaming: The Next Big Thing?
Pal, who previously worked at Goldman Sachs, believes that blockchain-based games are on the verge of a major breakthrough. He sees this as a key driver for growth in the crypto market.
“When we start seeing straight-up user applications, like gaming, that’s when things really start happening,” he said. “I think that’s going to be a big breakout.”
Beyond Gaming: A Wave of Crypto Apps
Pal’s optimism extends beyond gaming. He expects a massive influx of users for various crypto applications, marking a shift from the traditional internet (Web2) to the decentralized web (Web3).
“We’ve got so many consumer apps coming out,” he explained. “This shift from the old internet to the new internet is going to happen at scale, and we’re about to see this cycle really kick off.”
Big Gains Predicted
Pal is bullish on the overall crypto market, predicting significant gains for major players like Solana (SOL) and Bitcoin (BTC). He expects Solana to increase 10 times its current value and Bitcoin to rally 4-5 times.
The Next Big Bet: A New Layer-1 Blockchain
Pal is also keeping an eye out for the next big opportunity in the crypto space. He believes that a new layer-1 blockchain, similar to Solana and Ethereum in previous cycles, is poised to emerge.
“There’s always another layer-1 race happening,” he said. “It’s a good bet, but not one you go all in on. It’s like the Solana bet of the last cycle or the ETH bet of the previous cycle. I think there’s a really good trade to come, but it’s fast-moving and often gets overvalued before crashing.”
Disclaimer:
This information is for general knowledge and should not be considered investment advice. Always do your own research before making any investment decisions. /p>
