Raoul Pal Calls Coinbase, Binance, and Others ‘Glorious’ Changes in Exponential Self-Investing Trend

Raoul Pal, a former executive at Goldman Sachs, believes that exchanges and other crypto intermediaries are empowering individuals to transform their financial lives.

Pal, who has one million followers on the social media platform X, recently conducted a survey to determine whether their personal portfolios outperformed or underperformed the S&P 500 this year.

The S&P 500 has experienced a 27.5% year-to-date increase, while 80.7% of the nearly 11,000 respondents reported that their portfolios outperformed the index.

Pal contends that the vast majority of individuals surpassing the S&P 500 is indicative of the fact that ordinary investors are exchanging ideas in order to surpass market experts.

“The main point is that in the long run, the 401(k) industry and the gatekeepers of TradFi (traditional finance) will be swamped by the exponential growth of self-investment via crowd-shared ideas and the freedom to trade… This phenomenon is truly remarkable.

At this location, eighty percent of individuals have succeeded in surpassing the S&P 500, a benchmark that most asset managers have failed to surpass.

Binance, Coinbase, Robinhood, Kraken, and other product providers, such as VanEck and Bitwise, have played a critical role in the process of power transition and have set the standard.”

The Real Vision chief executive believes that the “next great thing” in crypto will likely be Sui (SUI), a competitor of Solana (SOL).

At the time of writing, the native token of the layer-1 blockchain, SUI, is trading at $3.36, representing a decline of over 1% from the previous day.

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