Raoul Pal, a former Goldman Sachs executive, believes that exchanges and crypto intermediaries give individuals the power to revolutionize their financial lives.
Pal polled one million of his followers via the social media platform X to see if their portfolios had outperformed, or fallen short, the S&P 500 in the past year.
Nearly 11000 people replied, and 80.7% claimed that their portfolios had beaten the S&P 500 which has gained 27.5% this year.
Pal believes that the fact the majority of investors outperform the S&P 500 shows everyday investors sharing their ideas and strategies to defeat market experts.
Most asset managers can’t beat the S&P 500.
Binance, Coinbase, Robinhood, Kraken, etc. VanEck Bitwise etc. are key in the process of changing power. They have been pioneers of this .”
Real Vision’s chief executive believes that the Solana (SOL), competitor Sui, is the likely “next biggest thing” in cryptocurrency.
SUI is the layer-1 native token. It’s trading for $3.36, down more than 1% from yesterday.
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Sources of Images include Pixabay Creative Commons & Midjourney
This article Raoul Pal says Coinbase, Binance, and Other Companies Are Part of the ‘Glorious Change’ Amidst Exponential Self-Investing Trend appeared first on The ICD.
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