Major financial institutions such as BlackRock have begun to increase their investment in Bitcoin ETFs.

Wall Street giants have made insights into the current situation.

These two aspects will be an important direction for determining the current situation!

Raoul Pal, a former Goldman Sachs executive and current CEO of Real Vision, said:

Solana (SOL) still has growth potential in the long run. It can be optimistic that the upcoming market growth phase (which he calls the "banana zone") is coming. Because transformative market changes usually take time to manifest, but will eventually have a significant impact.

Another point about the impact of the US presidential election on the cryptocurrency market

Pal also linked the upcoming US presidential election to possible changes in the cryptocurrency market. He asserted that the election could be a catalyst, especially due to former President Trump's supportive stance on cryptocurrencies. As the election date approaches, Pal expects market activity to increase if Trump's poll numbers remain strong. Pal highlighted specific innovations in Solana, such as NFT compression and the Firedancer project, as important factors. He has invested most of his crypto assets in Solana, and he believes that market concentration may be beneficial given the interconnectedness of the cryptocurrency market.

Investment considerations and strategies

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