Raoul Pal: YOU DON'T UNDERSTAND WHAT'S COMING

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Published Jan 4, 2021

Raoul Pal: YOU DON'T UNDERSTAND WHAT'S COMING - Bitcoin Has No Competition

"Bitcoins dominance as what it is, is now established, it's clear, it's institutionalized, that's over. So does it matter about the rise of these other things that they're not in competition with each other, but human behavior is driving that and I think as a macro guy, it's actually to my advantage because if you call it shitcoins, I want to know about it because I know there’s the opportunity. Maybe Bitcoin ends up being the solution at the very end, but we got a lot between here in the very end to go. I mean, that's a couple of decades. I keep everything in Bitcoin" - Raoul Pal

00:15 - My large bet is bitcoin because I have full conviction
01:07 - I'm also intellectually interested in the future, Bitcoin is the future
02:27 - People don't want the traditional financial markets in this space
03:15 - We're going to have a Bitcoin strategy and blockchain strategy
04:26 - The central banks are screaming at everybody
05:23 - Some will just have a digital currency which is just digital Fiat
05:39 - Velocity of money around the world is 0 because the monetary mechanism doesn't work
07:37 - Bitcoin at this point is probably 10 trillion-plus asset
08:07 - The process that can lead to hyper Bitcolonization

Kategorien: Bitcoin

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Raoul Pal: YOU DON'T UNDERSTAND WHAT'S COMING - Bitcoin Has No Competition

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