Raoul Pal is predicting a big breakout in a specific area of digital assets. In a recent chat on the Empire podcast, he shared his thoughts on how gaming applications are entering a new phase of adoption. This shift could really boost growth in the crypto market.
He said, “When we start to see just straight-up user applications, we’re starting to see gaming, it’s starting to happen. I think that’s going to be a big breakout.” Pal believes this surge in crypto adoption won’t just be about blockchain games. He expects a significant increase in how people use crypto applications in the coming months.
Pal also noted, “But we’ve got so many of these consumer apps. The old movement of Web2 to Web3 or ‘old internet’ to ‘new internet.’ That’s going to come at scale, and I think we’re going to really start kicking off this cycle.”
He’s confident that the entire crypto space is set for major growth. He predicts a tenfold increase for Solana (SOL) and a four to five times rise for Bitcoin (BTC) from their current prices. Plus, he sees a big trading opportunity coming, likely involving another layer-1 blockchain.
He explained, “The main thing that I’m starting to think through is there is always another layer-1 race, which is early stage, when you don’t have proven network effects. That bet is actually a good bet. It’s not one you go all in on. But that bet was the Solana bet of the last cycle, the ETH bet of the previous cycle…”
Pal is thinking about this strategy because he believes a great trading opportunity is just around the corner. He pointed out that these chances often come up quickly, tend to get overvalued, and then drop significantly.