However, the artificial intelligence-linked assets look increasingly stretched.
“Layer-1s Are Still The Place To Be“
In a "Drinks With Raoul Pal" episode on June 26, Pal acknowledged that crypto markets have been painful for investors, saying the asset class has not been "the gift that keeps on giving" over the past year.
Still, Pal said he remains heavily allocated to crypto and continues to believe that major layer-1 networks are the core opportunity.
"I strongly believe in my thesis that the layer ones are still the place to be," Pal said, naming ETH, SOL and SUI among the assets he continues to watch closely.
