Raoul Pal, founder of Real Vision and Global Macro Investor, has announced that he is now a Cardano (ADA) investor.
The former Goldman Sachs executive said in a new interview with Bitboy Crypto that ADA is intrigued and sees potential growth opportunities for the third-largest cryptocurrency by market cap.
“You know, we’ve seen Charles Hoskinson a few times on Real Vision. I like the project, I think it is very interesting. We really need to see more network adoption so it’s still early stage for me…
It is going very well. Behind it is a large community that provides you with some of the network. Besides the Ethiopian example, which has garnered a lot of attention, we should see more use cases.
I’ve invested a little bit and I’m waiting to see if it really starts to get a lot of attention, people build on it.”
Pal also shared his expectations for ADA in light of the Alonzo upgrade that brings smart contracts functionality to the blockchain.
“I know a lot of people are looking forward to the smart contract side.
Maybe not the best performing cryptocurrency in this cycle, but if it survives this cycle and continues to be adopted, I think it will probably do very well next cycle.”
Pal says he is also interested in social tokens designed to transform traditional business models, pointing out that Chiliz (CHZ) and Rally (RLY) are the top two leaders in this space.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.