This episode is sponsored by BetterHelp. Give online therapy a try at betterhelp.com/impacttheory and get on your way to being your best self. Sign up today at butcherbox.com/IMPACT and use code IMPACT to get FREE RIBEYES for a Year plus $10 off.INVEST IN YOURSELF NOW: https://bit.ly/3WUKBThFREE LIVE WORKSHOP HOW TO MAKE ANY GOAL STICK, REGISTER NOW: https://bit.ly/3X5xHlEOn Today's Episode:What in the crypto is actually going on? In the middle of the financial crisis we're experiencing, people are acting out of desperation, and emotions are possibly leading the charge. Raoul Pal is back to help us understand what is the current state of crypto, why FTX has been using customer money and more importantly, why is this not as unusual as you may think. Raoul's insights as a macro investor, former hedge fund manager that retired at 36, and co-founder of Real Vision, a financial media company, takes us to a high level view to string together how world history and demographics have brought us to this point.The key takeaway here for you is that, “the game of money is a game of psychology.” Tom Bilyeu Once you understand that this is a game, we need to know the players, the rules. The ultimate indicator of how you play this game, as Raoul explains it, is the future version of yourself and what that version wants. It indicates your debts, your risk tolerance, and what your next financial move will be following this interview.Whatever you do, do so from a place of minimizing your emotional response and play the game well.Mentioned in this episode:Homo Deus by Yuval Noah Hariri: https://www.amazon.com/Homo-Deus-Brief-History-Tomorrow/dp/0062464310 SHOW NOTES:0:00 | What In The Crypto Is Going On?14:02 | The Emotional Cycle of Money23:46 | Inflation Vs. Debasing Currency36:37 | Why Velocity of Money Is Slow46:54 | Do We Need Central Banks?56:34 | Future Economies with Tech 1:16:42 | Can Debt Stimulus Solve This?QUOTES:“Leverage and crypto, don't go together.” [1:57]“Investments are just a manifestation of your future self.” [16:05]“It really is a psychological game, and it's a long-term game.” [19:20]“Quantitative easing is a way of saying we're going to debase the money.” [22:37]“Demographics are deflationary and inflationary depending where you are in the demographic cycle.” [27:01]“Babyboomers, the same people who caused the inflation are causing the deflation, [...] because they're holding money.” [40:56]“Nobody wants the debasement of currency, but if you don't, what is the outcome?” [47:43]“There's a lot of structural issues here, and I don't think you can do this without government, and I don't think you can do it without central banks.” [49:27]“Nobody's ever managed to get the business cycle flat, it's a degree of what volatility you'll accept.” [56:22]Follow Raoul Paul:Website: https://www.realvision.com/ Twitter: https://twitter.com/RaoulGMI Instagram: https://www.instagram.com/raoulgmi/ YouTube: https://www.youtube.com/channel/UCBH5VZE_Y4F3CMcPIzPEB5A
The yield on the 10-year U.S. Treasury note spiked and equity indexes sagged Thursday, as St. Louis Federal Reserve President James Bullard said the Federal Reserve still has a lot of work to do before it brings inflation under control. That follows San Francisco Fed President Mary Daly's remark on Wednesday that a pause in rate hikes was “off the table.” Meanwhile, the United Nations has brokered a deal that will get Ukrainian grain transiting the Black Sea safely, easing pressure on global food prices, and China's COVID policy remains as opaque as ever. Andreas Steno Larsen welcomes Tony Greer, the founder of TG Macro and the editor of the Morning Navigator newsletter, to interpret recent Fedspeak and to talk about what's happening in commodities markets. We also hear from Juliette Declercq about how the Federal Reserve can navigate a soft landing and why she's focused on U.S. equities. Watch the full conversation between Juliette Declercq and Raoul Pal here: https://rvtv.io/3AoHkSt. Learn more about your ad choices. Visit megaphone.fm/adchoices
It's been a wild week or so for crypto and macro investors alike. The FTX fiasco has clouded the future of DeFi and NFTs, the broader economic landscape continues to shift, and the Federal Reserve's monetary path colors everything. It's all on the table for another Ask Me Anything session with Real Vision co-founder and CEO Raoul Pal. Learn more about your ad choices. Visit megaphone.fm/adchoices
It's been a wild week or so for crypto and macro investors alike. The FTX fiasco has clouded the future of DeFi and NFTs, the broader economic landscape continues to shift, and the Federal Reserve's monetary path colors everything. It's all on the table for another Ask Me Anything session with Real Vision co-founder and CEO Raoul Pal.
One of the best GM NFTs episodes to date! After running through the macros in preparation for the crazy macro month of November, we dove into NFTS quickly and then got straight to our special guest Raoul Pal!Raouls words were a breath of fresh air during the hard times and the rough market everyone is enduring. He gave shot outs to Rekguy, gave amazing predictions for the future of NFTs and filled everyone who listened with a bullish sentiment that's sure to get you through the bearish winter!Raoul Pal enters @ 19:53GM Hosted on Acast. See acast.com/privacy for more information.
Raoul Pal joins Alfonso Peccatiello and Andreas Steno Larsen for a discussion on debt, demographics and deflationary pressures. NOTE - This interview was released on November 6th, 2022 Learn more about your ad choices. Visit megaphone.fm/adchoices
Robert Breedlove welcomed Raoul Pal for a mindblowing exploration of global financial history, the exponential age, Bitcoin, the metaverse, and the future of humanity in an interview recorded for “What Is Money?” in 2021. Though one iteration of the American Dream is dead, another is emerging via the metaverse, where robots and AI mean there is no cost lost to producing energy. This new world, as Raoul imagines it, is driven by hope and optimism, formation of identities and communities, and the possibility of real freedom. Recorded on November 23, 2021. Learn more about your ad choices. Visit megaphone.fm/adchoices
In this special episode, Raoul Pal joins Sean Kim of the Growth Minds podcast to share some of the best career advice he's ever received and to explain how to make more money by being contrarian. Learn more about your ad choices. Visit megaphone.fm/adchoices
On today's episode of “The Macro Trading Floor,” Andreas and Alfonso welcome Raoul Pal CEO & Co-Founder, Real Vision & Global Macro Investor to the show for a discussion on debt, demographics and deflationary pressures. Raoul discusses some of the structural deflationary forces that lie ahead for markets. How will these forces effect markets as the Fed, and central banks globally, progress through their fastest tightening cycle in recent history. How are rising rates & high inflation changing asset allocation in this period? Finally, Raoul shares his actionable trade idea, but to hear that, you'll have to tune in! -- This episode is sponsored by Saxo Bank. Saxo Bank offers unparalleled market coverage across fiat, crypto and metals. Moreover, they provide free currency subaccounts and competitive interest rates on deposits in local currencies. Learn more at https://goto.saxo/macrofx -- Follow Raoul: https://twitter.com/RaoulGMI Follow Andreas: https://twitter.com/AndreasSteno Follow Alf: https://twitter.com/MacroAlf Follow Blockworks: https://twitter.com/Blockworks_ Subscribe To The Macro Compass: https://themacrocompass.substack.com/ Subscribe To Stenos Signals: https://andreassteno.substack.com/ Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ -- (00:00) Introduction (00:42)Top Stories of The Week (12:40) Feature Interview With Raoul Pal (25:08) The Low Interest Rate Environment (28:18) Powell Channelling His Inner Volcker (34:22) What Could Bring Markets Lower? (40:24) Raoul's Actionable Trade Idea (47:40) Post Interview: Final Thoughts -- Disclaimer: Nothing discussed on The Macro Trading Floor should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
Blockchain.com co-founder and CEO Peter Smith has been around the crypto space longer than just about anyone. He's both a survivor and a true pioneer, having built a platform with tens of millions of verified wallets spread across the world. In this panoramic episode, Peter shares his broad and deep story: how he got here, why he's so passionate about crypto, and what drives his vision of global financial inclusion.
In a new Google Tech Talks interview, macro expert Raoul Pal says that the crypto market cap of about $1 trillion could explode to $300 trillion in just a decade. If Bitcoin price were to 300x from today's value that would equate to $6,000,000 per BTC and put Ethereum at about $450,000 per ETH. Learn more about your ad choices. Visit megaphone.fm/adchoices
In this special episode, Real Vision co-founder and CEO Raoul Pal joins Google's Raphael Hyde for a one-hour chat about all things macro, markets, and metaverse. Learn more about your ad choices. Visit megaphone.fm/adchoices
Stocks surged into the weekend, with all three major U.S. equity indexes up more than 2% two hours ahead of Friday's close. “The market isn't rallying on hopes of a pivot,” tweeted Michael Gayed. “It's rallying on bond-market stabilization.” Michael, the publisher of The Lead-Lag Report, joins Andreas Steno Larsen for today's Daily Briefing to elaborate on his contrarian “melt-up” thesis and to talk about sentiment and other technical factors such as breadth and seasonality. “I don't believe the end of the world is here,” Michael added. “This year, the market has conditioned people to think it will do nothing but go lower.” We also share a preview of “the most important interview in the history of Real Vision,” as Raoul Pal put it, featuring Emad Mostaque and his vision of artificial intelligence of, by, and for the people. Watch the full conversation between Emad Mostaque and Raoul Pal here: https://rvtv.io/3SGhTSU. Learn more about your ad choices. Visit megaphone.fm/adchoices
It hasn't been long since Raoul and Tom Bilyeu, the co-founder and host of Impact Theory, last spoke – but they sure do have a ton of stuff to catch up on. Tom shares his “Borderless Entertainment” vision and explains how he plans to realize it through his new NFT/Web3 venture, Project Kyzen. Raoul picks apart the process of launching a project of this scale, digging into how it's funded as well as what it means for creators and consumers.
Real Vision co-founder and CEO Raoul Pal visits the Superteam Podcast to talk “micro” and “macro,” inflation versus deflation, and Real Vision India. Enjoy! Learn more about your ad choices. Visit megaphone.fm/adchoices
Macro expert and former Goldman Sachs executive Raoul Pal is predicting an unprecedented pace of growth in the market cap for Bitcoin (BTC), Crypto and Web3 projects. In a new Google Tech Talks interview, cryptocurrency expert Pal says that crypto's market cap of about $1 trillion could explode to $300 trillion in just a decade. Learn more about your ad choices. Visit megaphone.fm/adchoices
It's been a long time coming, but we finally got Arthur Hayes and Raoul Pal together to talk about the big picture – and it's well worth the wait. This episode was a lot of fun! There's a lot of swearing, and a lot of profound thinking about the big picture: how macro applies to crypto, where we are in the market cycle, and some great trade ideas.
Raoul Pal, Real Vision's co-founder and CEO, visits Jessica Walker to talk about macro investing, the current crypto environment, and how to manage risk in a recession. Learn more about your ad choices. Visit megaphone.fm/adchoices
Raoul Pal is a co-founder of Real Vision, a financial media company offering in-depth video interviews and research publications from the world's best investors. He has run a successful global macro hedge fund, co-managed Goldman Sachs' hedge fund sales business in Equities and Equity Derivatives in Europe, and helped design the BBC TV program Million Dollar Traders, training participants in investment and risk management strategy. Raoul retired from managing client money and now lives in the Cayman Islands, from where he manages Real Vision and writes for The Global Macro Investor, a highly regarded original research service for hedge funds, family offices, sovereign wealth funds, and other elite investors. --- If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes and a rating on our Spotify show? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. I also love reading the reviews! Learn more about Raoul: Real Vision: https://www.realvision.com Raoul's Twitter: https://twitter.com/RaoulGMI Subscribe on YouTube: http://bit.ly/38bZNAY Listen on Apple Podcast: https://buff.ly/2PycRL1 Listen on Spotify: https://bit.ly/growth-minds Follow me on Instagram: http://www.instagram.com/heyseankim Learn Spanish by speaking it for free: https://www.jumpspeak.com Past guests on Growth Minds include: Robert Kiyosaki (Rich Dad Poor Dad), Steve Aoki, Robert Greene, Dr. Jason Fung, Dr. Steven Gundry, Neil deGrasse Tyson (StarTalk), Dennis Rodman, Wim Hof, Robin Sharma, Vanessa Van Edwards, King Bach, Daniel Pink, Dr. William Davis, Doctor Mike, Lewis Howes (School of Greatness), Tom Bilyeu (Impact Theory), Andrew Yang, Dr. Paul Conti, Charles Hoskinson (Ethereum), Dr. Drew (After Dark), Jo Koy, Jordan Belfort (Wolf of Wall Street), Gad Saad, Adam Carolla, Louis the Child, Vishen Lakhiani (Mindvalley), Bret Weinstein (DarkHorse Podcast), James Nestor, Dave Rubin, Scott Adams (Real Coffee with Scott Adams), Dave Asprey (Bulletproof Coffee), Gabby Reece, Rich Roll, James Altucher, R3hab, and more. #TimFerriss #JoeRogan #JordanPeterson
All three major U.S. equity indexes were up more than 1% through midday Tuesday, as energy stocks hit a 52-week high relative to crude oil futures. That's a data point Maggie Lake is sure to raise with Tony Greer, the founder of TG Macro, during today's Daily Briefing, with reports that President Joe Biden is considering further sales from the Strategic Petroleum Reserve to offset critical supply shortages. Meanwhile, the Bank of England denied a Financial Times report that the central bank would delay its program of gilt sales, as fragmentation of monetary policy in response to economic pressures continues to roil bond and forex markets. Maggie and Tony will also talk about commodities, positioning, and the broader market trend. We also hear from Raoul Pal and Julian Brigden on the state of the real estate market. Pro Macro subscribers can watch the complete Insider Talks featuring Raoul and Julian here: https://www.realvision.com/shows/insider-talks/videos/macro-pro-insider-talks-october-2022-live-mXN3?tab=details. Learn more about your ad choices. Visit megaphone.fm/adchoices
It's been a long time coming, but we finally got Arthur Hayes and Raoul Pal together to talk about the big picture – and it's well worth the wait. This episode was a lot of fun! There's a lot of swearing, and a lot of profound thinking about the big picture: how macro applies to crypto, where we are in the market cycle, and some great trade ideas. Learn more about your ad choices. Visit megaphone.fm/adchoices
Real Vision co-founder and CEO Raoul Pal joins Business Casual's Nora Ali to discuss the state of the economy, the fast adoption and increasing utility of crypto, and much more in a must-listen conversation. Learn more about your ad choices. Visit megaphone.fm/adchoices
Real Vision co-founder and CEO Raoul Pal joins Business Casual's Nora Ali to discuss the state of the economy, the fast adoption and increasing utility of crypto, and much more in a must-listen conversation.
Jarrod Dicker is a partner at TCG, where he invests in Web3, blockchain, and other tech that connects fans with creators. Jarrod joins Raoul Pal to talk about the evolution of the metaverse over the past year, highlighting why he's more bullish than ever. Jarrod and Raoul also discuss why community is the center of everything when it comes to Web3 and what will drive the next wave of mass crypto adoption.
Here's a guide to understanding all-things crypto. First, Nora breaks down some crypto basics with Morning Brew's own Jamie Wilde, who writes the Brew's Incrypto newsletter (https://www.morningbrew.com/incrypto/subscribe). Then, we'll find out how to navigate the crypto winter (and what that even means) with Raoul Pal, founder and CEO of Global Macro Investor and Real Vision. Host: Nora Ali Producers: Olivia Meade and Raymond Luu Video Editor: Sebastian Vega Production, Mixing & Sound Design: Daniel Markus Music: Daniel Markus & Breakmaster Cylinder Fact Checker: Kate Brandt Senior Producer: Katherine Milsop VP, Head of Multimedia: Sarah Singer Full transcripts for all Business Casual episodes available at https://businesscasual.fm
Today we will be discussing recent warnings from Macro expert Raoul Pal as Ethereum and Bitcoin are primed for extreme volatility! Next we'll look at America's oldest bank BNY Melon making a move into crypto custody, and last we'll talk about recent partnership plans for Google and Coinbase! Around the Blockchain is your favorite Cryptocurrency show discussing Bitcoin, Ethereum, Cardano, and the top altcoins. Our four crypto experts Mac, RiceTVx, MineyourBiz, & Cowboys of Crypto. Tune in for their insightful crypto analysis.
Jarrod Dicker is a partner at TCG, where he invests in Web3, blockchain, and other tech that connects fans with creators. Jarrod joins Raoul Pal to talk about the evolution of the metaverse over the past year, highlighting why he's more bullish than ever. Jarrod and Raoul also discuss why community is the center of everything when it comes to Web3 and what will drive the next wave of mass crypto adoption. Learn more about your ad choices. Visit megaphone.fm/adchoices
In today's Friday Banter, we are joined by 4 crypto experts to discuss what has never happened before in crypto, and what you need to do to get a step ahead with your Crypto portfolio strategy! How long can we expect this to last, and what do you need to be doing right now? Join Cryptoman Ran, Raoul Pal, Mark Yusko, and Joey Krug for yet another alpha-packed banter! - - - - - - - - - - - - - - - - - - - - - - - - - - - - *BEWARE OF SCAMMERS IN OUR COMMENTS AND COMMUNITY CHANNELS* Disclaimer: Crypto Banter is a social podcast for entertainment purposes only. All opinions expressed by the hosts, guests and callers should not be construed as financial advice. Views expressed by guests and hosts do not reflect the views of the station. Listeners are encouraged to do their own research. #Bitcoin #Crypto #Altcoins - - - - - - - - - - - - - - - - - - - - - - - - - - - - 00:00 US Unemployment Numbers 04:20 Raoul Pal, Mark Yusko & Joey Krug Join 05:40 Job Numbers & Inflation 09:00 Prices Need to go Down 12:00 Inflation & CPI Numbers 14:55 Currency Devaluation & Money Printing 19:00 Interest Rate Hikes & Bond Market 21:35 US Dollar Index DXY - Rate of Change 25:40 UK Pension System Bankrupt 28:30 When to Deploy Capital 33:50 Crypto Winter is Over 36:15 Proof of Work vs Proof of Stake 39:50 Elon Musk & Dogecoin 41:35 Q3 Earnings Reports 44:30 When Markets Bottom 48:27 Tom Crown Joins the Banter 50:08 Bitcoin - Gold Correlation 53:16 Midterm Elections & Markets 56:45 Mark Yusko Explains Money 58:25 Buying XRP Now? 1:00:00 Best Layer 1 2022 1:02:12 Polkadot vs Cosmos 1:03:05 NordVPN Show Sponsors 1:04:40 ByBit & Bitget Trading Competition
In the last year, Avalanche has established itself as the “Ethereum killer” after rapidly scaling its dApps and subnets, despite the broader market downturn. John Wu, the president of Ava Labs, joins Raoul to talk about the big picture, how to separate the signal from the noise, and Avalanche's plan to on-board the next billion crypto adopters. Never miss an episode of Raoul Pal: Real Vision - subscribe here. Learn more about your ad choices. Visit megaphone.fm/adchoices
Binance, the largest crypto exchange in the world by trading volume, says it suffered a sizeable hack to its BNB Chain network. Two million BNB tokens were withdrawn (worth approximately $560 million), although Binance CEO Changpeng Zhao, better known as CZ, says his team was able to take control of a majority of the funds, holding losses under $100 million. The hacker apparently targeted a vulnerability in a cross-chain bridge. The news came on the same day as new US labor data showed the jobs market remained resilient, sending crypto prices sharply lower. Nico Brugge and Ash Bennington welcome Real Vision co-founder and CEO Raoul Pal for a special edition of the Crypto Daily Briefing: an AMA session on a day of major market news. Learn more about your ad choices. Visit megaphone.fm/adchoices
Raoul Pal recently participated in a Portal Asset Management webinar to talk about the current macro environment, growing global recession fears, developments in the crypto market, and much more. Learn more about your ad choices. Visit megaphone.fm/adchoices
Raoul Pal recently participated in a Portal Asset Management webinar to talk about the current macro environment, growing global recession fears, developments in the crypto market, and much more. Learn more about your ad choices. Visit megaphone.fm/adchoices
In this special episode recorded live at SALT NY, Raoul caught up with Pantera Capital CEO and co-CIO Dan Morehead to talk about what the macro environment means for digital assets, Bitcoin's decoupling, DeFi's upside, and the Ethereum Merge. Raoul and Dan also assess where we are in the market cycle as well as regulation and institutional adoption. Never miss an episode of Raoul Pal: Real Vision - subscribe here. Learn more about your ad choices. Visit megaphone.fm/adchoices
In this special episode recorded live at SALT NY, Raoul caught up with Pantera Capital CEO and co-CIO Dan Morehead to talk about what the macro environment means for digital assets, Bitcoin's decoupling, DeFi's upside, and the Ethereum Merge. Raoul and Dan also assess where we are in the market cycle as well as regulation and institutional adoption. Learn more about your ad choices. Visit megaphone.fm/adchoices
With global markets on the edge and investors concerned about a multitude of extant financial and potential political headwinds, Maggie Lake welcomes back Raoul Pal for today's Real Vision Daily Briefing. “Are markets breaking?” sounds hyperbolic. But U.K. debt is being re-priced as if it's issued by something less than a third-world country. And foreign-exchange markets “are presently screaming global depression, not recession,” as one prominent member of the FinTwit community put it. Maggie and Raoul talk about the global liquidity situation and how the Federal Reserve will respond to another mess of its own making. Indeed, as Raoul noted early Friday, “The central bank experiment of Volcker worship in a massively indebted economy is on its last legs in the coming month or two.” Learn more about your ad choices. Visit megaphone.fm/adchoices
Real Vision Co-Founder and CEO Raoul Pal sat down with Tom Bilyeu, a co-founder and the host of Impact Theory, to share ideas about how to help people get through difficult times. Whether this is a recession or not – and whether your money is in crypto, a 401(k), or hard assets – this conversation will sharpen your perspective on what's happening in the world. Learn more about your ad choices. Visit megaphone.fm/adchoices
Last year, global gaming revenue surpassed sales for movies and music combined. Could gaming – by far the most popular form of entertainment in the world – be the key to mass crypto adoption? Yat Siu is a co-founder and the chairman of the board of Animoca Brands, whose portfolio includes Sandbox, Decentraland, and Opensea, among other notable names. Yat joins Raoul to talk about Animoca's recent investments, the evolution of applied blockchain technology, and why he believes gamers will lead the masses into crypto. Never miss an episode of Raoul Pal: Real Vision - subscribe here. Learn more about your ad choices. Visit megaphone.fm/adchoices
Bitcoin tumbles in reaction to this morning's CPI numbers, Raoul Pal weighs in on XRP's role in CBDC's and I got my eye on a two SPICY looking altcoins, but you gotta stick around to the end to know what they are
Build IRONCLAD discipline in this free workshop: https://bit.ly/3QOMOMBOn This Page: Wishing your way to wealth and success, complaining about who is wealthy, and riding the wave of misplaced time, money and effort is not why you're here. Stock markets, investment portfolios, 401Ks, and bank accounts look like the stuff global disasters are made of.You're living through weird times and having a biological experience of unforeseen proportions when you look at the global economic sh*t storm we're in. So the top 5 ideas and people you're spending your time with really matters, perhaps more than ever before. Perspective is key, and you get to decide if you're living in a friendly or hostile world.Raoul Pal, CEO and co-founder of Real Vision, has some ideas that can certainly help average up how you think about getting through our current recession. Whether your money is all in crypto, in a 401k that's reduced by half, or in none of the above, the ideas that Raoul shares in this episode may be some of the most important ideas you've ever heard.Are you still living and acting based on an American Dream that died decades ago? Does the thought of buying during a market drop scare you or excite you? Listening to these conversations between Raoul and Tom is going to break some of your ideas apart and allow you to put together a new and improved perspective that will allow you to thrive during this recession and maybe even get a little excited.Resources Mentioned:The Alchemy of Finance: https://www.amazon.com/Alchemy-Finance-George-Soros/dp/0471445495 SHOW NOTES:0:00 | Introduction Raoul Pal0:27 | Thrive in the Economic Collapse41:39 | Crypto 101 Masterclass1:11:59 | Recession 101 Masterclass1:41:51 | The Biggest Opportunity2:13:30 | Adapt to the Changing World OrderQUOTES:“Even if it's in the bank. It's not your money [7:13]“Humans have a propensity to borrow to create this image of their future self. The future self was the amazing United States of America, that dream that we had in the 50s. That dream died decades ago.” [9:41]“You should be looking at the moments of extreme weakness, the blood on the streets moment, to be buying more...” [20:43]“He who has cash in a recession is king, so that's that combination of income and opportunity. You've got income, you've got some cash and now everything is on fire sale prices, you're the king.” [26:24]“Don't look at your lost of wealth from peak, that's stupid. That's the American dream fixating on something that doesn't exist.” [28:53]“We don't buy the S&P because we want to hang it up on our wall. We buy it cause we want to sell it at a future date to realize money. So, that means our future selves are now poorer, [...] that's what currency debasement is.” [44:47]“Leverage allows you to borrow future money to use now.” [1:31:07]“What really matters is your liquid net worth, the money that you've got available to invest, and I'm 100% in crypto, and I feel like I'm underexposed.” [1:50:52]“That's the beauty of bitcoin, [...] You're a VC investor in the future platform of the internet of value and you're paying nobody any fees.” [2:02:13]“Change is happening, and you can fear it, but you're not going to stop it.” [2:21:04]Follow Raoul Pal:Website: https://www.realvision.com/Twitter: https://twitter.com/RaoulGMI LinkedIn: https://www.linkedin.com/in/raoul-pal-real-vision/ YouTube: https://www.youtube.com/channel/UCBH5VZE_Y4F3CMcPIzPEB5A
Did you miss Raoul Pal's Live AMA on YouTube? Well, you're in luck, because today we're releasing the whole thing. Sit back and enjoy a community coming together for a deep conversation. Learn more about your ad choices. Visit megaphone.fm/adchoices
Crypto bull and Real Vision CEO Raoul Pal says that Bitcoin can still erupt en route to outperforming other asset classes in the next 10 years even in his worst-case scenario. "I rode it up $1,000, so it went up 5x in two months, then went all the way back down 85%. I just held it because I wanted to treat it like an option. I had a 10-year view. I said it's probably going to $100,000 worst case, $1 million best case over the next 10 to 20 years.” Learn more about your ad choices. Visit megaphone.fm/adchoices
Former Goldman Sachs executive Raoul Pal says an explosion of the crypto market cap by 200x in the next decade is within the realm of possibility, with a potential Bitcoin target price of $2,100,000 per BTC. “What I do know is if I just extrapolate the network adoption effects, the number of users, and where the number of users is going and assume it gets to somewhere between four and five billion in the next 10 years or so – which would be central bank digital currencies enabling it, all ticketing, a whole bunch of stuff going that way – the market cap of the space goes from $1 trillion to $200 trillion… People don't realize the world has never seen an accumulation of wealth like that in history. This would be the shortest period of time of the largest accumulation of wealth ever seen.” Learn more about your ad choices. Visit megaphone.fm/adchoices
The University of Michigan preliminary sentiment index for July ticked up to 55.1 from 51.5 in June, as a sub-measure of consumer expectations reached a three-month high. And U.S. stocks continue to surge on the hope inflation has peaked. News from overseas continues to reflect an unsettled, at best, macroeconomic environment, with the U.K. economy shrinking for the first time since the pandemic lockdowns of 2020, water levels on the Rhone River falling to a critical mark due to historic drought, and credit growth in China slowing sharply on sluggish demand. Real Vision co-founder and CEO Raoul Pal joins Andreas Steno Larsen for today's Daily Briefing to talk about inflation, recent economic data, risk appetite amid what remains a fraught geo-macro moment, and why this might be the most hated equity market rally ever. Is it possible that stocks have already seen their lows and that this rally has real legs? Learn more about your ad choices. Visit megaphone.fm/adchoices