By Solomon Odunayo
Raoul Pal, founder and CEO of Real Vision, has recently opined that coins like Cardano (ADA) and Polkadot (DOT) will massively outperform Ethereum (ETH) in a bullish environment.
In a new interview on Crypto Banter first published by Daily Hodl, Pal described his cryptocurrency portfolio strategy using terms from traditional financial markets.
Read Also: Real Vision CEO Raoul Pal Describes How Ethereum (ETH) Would Hit $20,000 in This Bull Cycle
Raoul Pal noted:
“In traditional markets, once an established trend takes place, you move out the risk curve. So from Bitcoin, being like government bonds, you then go to Ethereum which is like corporate bonds, and then you go to junk bonds, which is all the other stuff, and then private-sector lending.
“So I’m just moving out the risk curve because the trend is established, and I know that in a bull market, ETH will outperform Bitcoin and alts will outperform ETH.”
Read Also: Real Vision CEO Raoul Pal Sets $20,000 Target for Ethereum (ETH) by the End of 2021
Coins like Cardano (ADA) and Polkadot (DOT) Will Outperform Ethereum (ETH)
According to Raoul Pal, whether crypto projects like Cardano (ADA) will ultimately succeed cannot be ascertained, but an altcoin season means that as long as Bitcoin (BTC) and Ethereum (ETH) are showing strength, digital currencies such as Cardano (ADA) and Polkadot (DOT) could massively outperform Ethereum (ETH).
“I’ve got no clue whether Cardano is going to work, or Polkadot is going to work, and get network adoption, so I don’t a take a bet in that. I just took a bet in a bunch of them, figuring that if we’re in altcoin season, this stuff is going to go up 5x that Ethereum goes up.”
Read Also: Clothing Shop in Milano Starts Accepting Cardano (ADA) As a Means of Payment
Raoul Pal’s opinion is in line with Real Vision’s recently revealed portfolio, showing notable allocations to Cardano (ADA), Polkadot (DOT), and other altcoins.
Pal also revealed that he owns Dogecoin (DOGE) and that the meme token should not be underestimated:
“I own DOGE… Everybody does, find me somebody who doesn’t. We all do because it’s fun!
“I have a small position in it because it’s fun to see what happens with this. We don’t know what the outcomes are, we don’t. So it could end up being something massive. Mark Cuban, he’s started accepting it as payments for Dallas Mavericks merchandise and tickets, so now it’s got payments.
Read Also: Cardano (ADA) Records Largest Fund Inflows, Indicating Investors’ Interest in PoS-Powered Crypto
“It’s got millions of people invested in it, so what happens if Tesla builds an application? Now it has got applications, exchanges, and investors. You’ve got an ecosystem, a network, and that’s valuable.”
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