Former Goldman Sachs Banker Identifies ‘Powerful’ Crypto Asset Sector That Investors Can’t Get Head Around
February 21, 2023 6098 by adminRaul Pal, a former Goldman Sachs executive, says an area of encrypted assets has baffled investors, but is likely to be hugely profitable in the future.
In an interesting video version update, Pal told its YouTube subscribers that he began to realize the potential of no substitute for dynamic password (NFT).
->"Over the past year, NFT did cause me to notice because I didn't know enough about their energy and what they were going to do.
With blockchain technology, you can also make it one-on-one. It's a bit like what you have, it's a limited edition print or a different work. Now, yes, you can have an image. You will see the image of Mona Lisa. Mona Lisa is not her own. In fact, the more people have their own image, the more meaningful the specific original will be, which is unimaginable.
Mr Parr says he has sold 10 per cent of Etherum and poured them into some standard NFT new projects. The Real Vision founder also mentioned that because NFT is partly priced in the ETH market, they can have a primary and secondary influence in the ether.
So I gradually put about 10% of my ETH into high-quality NFT, some of which are street, some of which are art projects, because I see things like punk style, and if you look at the prices of Crypto Punks and lonely gorillas, these people remain amazingly stable at the ETH level. Yes, they have a blowout jacket, and then they come back and have been trading about 65 euros all the time. This is very interesting to me because it has not fallen further. These people rose sharply during the collapse of the big login password in June. But in addition, they just rebounded and remained at 65 euros. So no matter what ETH does, they are just imitating it.
PAL predicts that in the future, NFTs may perform like the high-end real estate industry, mainly outperforming the Ethernet, just as the expensive real estate industry surpasses the economy in the stage of overcapacity.
A little better, so I can put my ETH into JPEG, a NFT. So why? Well, because it is especially like the high-end real estate industry, and regards punk style as the high-end real estate industry in London, New York City, Hong Kong, China or other regions, when the economy is gradually developing rapidly and people have more money, they focus on buying expensive high-end real estate, so they tend to perform better than other sales markets. I think the same thing will happen in the economy.
Therefore, with the recovery of the etheric economy, with the passage of time, the etheric price increases, economic activity and the etheric economy rise, some excess returns … It may be recycled into property. And ETH's property is something like Crypto Punks.
