These 3 Cryptocurrency Will Become HUGE in 2024 (DON’T MISS OUT) – Raoul Pal

In this insightful video, Raoul Pal shares his expert analysis on the potential of Ethereum, XRP, and Solana, positioning them as key players in the cryptocurrency market for 2024. He compares Ethereum’s robust ecosystem and network scale to Android’s dominance in the mobile world, highlighting its attractiveness to developers and major brands. The discussion also delves into the possibility of Ethereum surpassing Bitcoin in value, spurred by its vast array of applications and rapid scaling. Additionally, Pal provides a unique perspective on investment strategies within the crypto space, emphasizing the significance of networks like XRP and Solana in managing risks and opportunities. This video is a must-watch for anyone interested in understanding the evolving landscape of digital currencies and the strategic investment avenues they offer.

Raoul Pal is a co-founder of Real Vision, a financial media company offering in-depth video interviews and research publications from the world’s best investors. Prior to starting Real Vision, Raoul ran a successful global macro hedge fund.

CREDITS:
Raoul Pal & Real Vision Crypto

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Is Android the best phone it’s once you’ve got Network scale it becomes a career decision to build on something else right so you know eth has got all the component parts it’s battle tested it’s got an incredible density of talent intellectual capital and it has an enormous network of applications and use

Cases so it’s actually a decision if you’re a big brand and you’re coming into the space and you want to do something you have to argue why not use eth that that’s the issue that doesn’t like you that doesn’t like you believe that doesn’t mean there will just be one

You know there will be a whole number of chains for different types of applications and some will compete against each other but overall again the key point is we are building this distributed world and a whole parallel Financial system and we should be encouraging everybody to have success

Ethereum is often likened to the Android of the blockchain world ethereum’s Network scale battl tested platform and dense talent pool make it a magnet for developers and Brands 2024 brings even more advancements to this Dynamic platform key upgrades are on the horizon including significant developments in data storage costs and enhanced

Execution layer clients to counteract potential censorship issues this evolution is part of ethereum’s road map towards a more efficient and scalable Network highlighted by the Prague electr Network upgrade and the anticipation of verly tries and data availability sampling ethereum’s consistent growth and adaptability demonstrate its Central role in the crypto world its upcoming

Enhancements like The Meta ethereum Improvement proposal EIP for Denon are setting the stage for an even more robust and userfriendly blockchain experience but first remember to hit that subscribe button and give us a thumbs up to keep up with the latest in crypto do you think the eth flipping of

Bitcoin uh ever happens uh do you think it’s possible or unlikely I you know what I still do actually and it might be the peak of this cycle that e just gets larger than Bitcoin and then that will be the peak of the cycle but yes just

Because of how these networks are valued it’s actually number of active users of which eth has a lot it’s not the number of transactions because ether has a huge amount more transactions it’s the value of those tral transactions Bitcoin does higher value but because of the number

Of applications being built on eth it doesn’t take long for it to really acrew huge value now some of that changed by the layer twos because they kind of batch and only use a small amount of eth for the settlement layer but those chains are scaling fast so they do have

Demand for E so yeah look I look there’s a possibility but again you know it’s I’m indifferent I don’t care you know I’m I’m I don’t have a dog in that fight right yes I have investments in the in the game and I can change my investments

Too but you know it’s just people get really weird around stuff like this I tend to be quite a lazy person so I’m an I’m more of an investor hold the underlying tokens I tend not to do too much because my thesis is the more you experiment the more likely you are to

Lose money that doesn’t mean people shouldn’t but a lot of people are much better and understanding the risks that they’re taking you know when you’re using a def5 protocol or using this and that yes I you know I buy nfts yes I use a bit of defi here and there but I’m I’m

I’m super cautious so I haven’t really explored the xrp ecosystem um I haven’t done it on most chains too much you know I’ve never used ethereum defi because I don’t want to because I don’t want to put my coins outside of my wallet it’s

As simple as that for a 5% yield I have done a little bit more on salana just because the user experience is so easy versus other things so yeah I’m I’m I’m generally a bit of a I just keep it really simple would you call yourself

More bullish on salana than eth or yeah I’m I’m much more heavily weighted to salana for this cycle because I saw two big technological breakthroughs one is these compressed nfts you can mint a million nfts for 100 bucks okay that’s gamechanging for what we don’t know we

Will find out but it’s not monkey J it’s not monkey jpegs you know it’s gonna be something different the other thing was this fire dancer that can theoretically get to a million TPS I mean that’s a whole game changer you can you can put a lot more of the fincial system on that

Right so those two things and then how user friendly consumer facing salana is and the strength of the development community and the fact that they got slaughtered but everybody was still building made me think okay this is probably the chosen one for this cycle you know other things will outperform of

Course that’s why I’m I’m just immensely bushed I also think tly andat toy is just a very high quality person no hubris talks to people helps promote the space is not a promoter um happy to have conversations across different chains with different people that’s what the space should be

About he’s he’s a really high quality person Ral pal discusses ethereum’s potential to surpass Bitcoin and the evolving Dynamics between different blockchain networks including the rapid scaling of ethereum and its vast array of applications as we delve deeper we turn our attention to ethereum’s potential flippening over Bitcoin and

Its position amidst other significant players like xrp and salana ethereum’s rise to prominence is a Hot Topic especially when considering its competitive landscape R notes the significant advancements in the ethereum network that may enable it to surpass Bitcoin this is particularly relevant given the latest developments in ethereum including the denin upgrade

Which is anticipated to greatly enhance the Network’s scalability and efficiency however ethereum isn’t the only player in this Dynamic Market networks like xrp and salana are also carving out their niches xrp known for its fast transaction speeds and use in in crossb payments has been a focal point for investors especially considering the

Legal challenges it has faced on the other hand salana with its high throughput and efficient consensus mechanism has been gaining traction especially in areas like nfts and decentralized applications this competitive landscape where ethereum xrp and salana are evolving and adapting to Market demands is a testament to the diversity and Innovation within the

Cryptocurrency space each Network brings unique features and strengths contributing to a richer more robust blockchain ecosystem so I was taken down the xrp rabbit hole by Santiago vales who’s a good friend um and is incredibly smart guy and very thoughtful so he like Yeah The Narrative is wrong this is what

It’s about so so i’ done a bit of the work on it then the court case came out and so that’s when I bought xrp you know when you see something like that is like okay now the price has been massively discounted yeah we know it’s a real

Thing half the people have been shut out of the market this is the opportunity of a lifetime so that’s when I bought it and I’ve held it ever since the reason I bought xrp was exactly the same way that I bought salana which was like the crisis arrives the price gets absolutely

Smashed but I can see that there is a Vibrant Community with real use cases of the chain going on it’s not kind of ghost use it’s real use so in which case time to put your Capital At Work simple as that Bitcoin has a very clear narrative it’s a super secure chain it’s

Battle tested absolutely everyone knows what it is that’s all you need but what they’ve then said is well nothing else should have value which is this kind of intellectual weird place to end up because these other things are networks of which people are building entire businesses use cases defi system nfts

All of this stuff stable coins that’s not happening on bitcoin these are different types of use cases for a blockchain and I just don’t see how that kind of weird intellectual knot they get themselves tied up in to say well everything else is a scam and it’s all

Worth zero that’s just stupid no you know it’s interesting enough you know I’m not a big holder of xrp but I’ve always had some but how much that they took because they were around in the early days right and you know it really was a battle of survival of the

Chains and I get it that one gang versus the other but you know it’s it’s kind of ridiculous how much of your time is spent on crypto versus traditional Finance today I mean look I use a traditional fi Finance investment framework but really 99% well 100% of my

Liquid net worth is in crypto 100% um and it has been for three years it is what I really enjoy yes I’m really interested in technology and this exponential age and Ai and Robotics and all of that I do invest in that space as well but my first love is crypto I’m I

Just love the whole I love the whole space I love the people in it I love the pace of it um I love the it stands for I love the fight system changing in front of your eyes I mean these are amazing things you know what a time to be alive

To be part of this R’s approach to investing in the crypto Market offers valuable insights especially when considering the diverse potential within networks like ethereum xrp and salana ethereum’s scalability improvements and the denune upgrade in particular make it a compelling choice for investors looking at long-term growth and

Innovation xrp and salana 2 present intriguing investment opportunities xrp’s role in the global payment system and its ability to handle crossborder transactions efficiently has made it a noteworthy asset meanwhile Solana’s high performance capabilities especially in the realm of nfts and decentralized finance position it as an attractive

Option for those seeking EXP exposure to cuttingedge blockchain technology investing in these cryptocurrencies is not just about financial gains it’s about understanding and participating in the broader Narrative of blockchain Technology’s impact on finance and Technology as we navigate this exciting world of digital currencies it’s important to stay informed and adapt to

The everchanging landscape don’t forget to subscribe and hit the like button for more insightful discussions on the evolving landscape of digital finance and blockchain Technology see you in the next episode