Former Goldman Sachs CEO Raoul Pal has predicted that Ethereum (ETH) competitor Solana (SOL) could see a significant price increase in the current cycle. In an interview with the Empire podcast, he said that he expects Solana to see growth of around 900% in the coming months. Paul also predicted that Bitcoin (BTC) could reach a price of between $248,000 and $310,000 this cycle. He noted that there is always new competition in the first stage, which is still in its early stages and could be a good bet, similar to what happened in the previous cycle for Solana and the previous cycle for Ethereum. Paul believes that this type of investment can be profitable, but after overvaluation, it usually results in a 95% loss.
Former Goldman Sachs Executive Predicts 900% Price Surge in Solana
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August 27, 2024
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