Raoul Pal: BITCOIN IS ABOUT TO EAT THE WORLD - The Economy Is Worse Than Expected

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Raoul Pal: BITCOIN IS ABOUT TO EAT THE WORLD - The Economy Is Worse Than Expected

"This is a once in a lifetime bet and kind of when you look at charts, you see gold breaking down versus Bitcoin and stuff like that. Bitcoin to me is this pristine collateral, but I see the amount of intellectual capital that’s going into the ethereum space, so there's a chance that something really big comes out of this. Gold is the purest form of money that we've had, and it's a 10 trillion dollar asset. The currency markets trade 4 trillion a day and they're not, they're not in any way the same shape or form, but it's a bigger platform because more people use it so the currency market overall is worth more." - Raoul Pal

00:11 - The markets kept hope while the underlying economy
00:54 - We missed the entire stimulus in the US economy
01:41 - Nobody knows how the banking system is going to work
02:39 - Deflation is persistent, the economy is worse than expected
03:45 - Gold, Bitcoin, those are my main bets
04:27 - Looking at the comparisons of Bitcoin versus all other assets
05:30 - Almost everybody I know has a personal allocation to Bitcoin
06:47 - I think gold goes up, but Bitcoin is going up a lot more
07:49 - I also don't think of Bitcoin and ethereum as the same thing
08:51 - Gold is the purest form of money that we've had
09:47 - I don't care where the Bitcoin wins

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Bitcoin
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