TechFlow news: Former Goldman Sachs executive Raoul Pal said in an interview that Solana (SOL) today is like Ethereum (ETH) during the 2018 and 2019 bear market.
He stated that Solana, his second-largest cryptocurrency portfolio allocation, could experience a dramatic recovery from bear market lows to new highs, similar to what Ethereum went through several years ago.
Pal praised Solana founder Anatoly Yakovenko's leadership and innovation, noting strong developer activity and on-chain performance, and expressed deep interest in Solana's development.
He believes cryptocurrencies are a crucial component within the macro environment, set to benefit from technological advancements and fiat currency depreciation.
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