By now it’s probably safe to say, either you are avoiding the cryptocurrency world and confused just looking at it, or you see the world through crypto and NFTs and all the potential it represents.
Raoul Pal is a master investor that has seen the evolution of the world’s financial systems riding the highs and experiencing the lows as well. As respected as he is in macroeconomics, Raoul joins Tom for this conversation to broadcast the opportunity available for massive wealth transfer, and to break down exactly why the crypto revolution is happening and why it’s worth being excited about. If you’ve been avoiding the conversation or are excited and can’t get enough, this conversation holds massive value for everyone.
0:00 Introduction Raoul Pal
0:58 Who Is Raoul Pal?
5:19 The Problems Crypto Solves
8:42 Speed of Technology
12:31 Equal Opportunity for Wealth
15:20 Tom’s Crypto Story
19:38 From Money to Crypto
25:35 Ethereum Usability & BitcoinBitcoin1$ 67,714.930.18%-6.01%-15.89%details
35:08 Raoul Being Open Minded
41:02 Dollar Cost Averaging
48:23 Don’t Use Leverage
53:10 Riding the Volatility of Crypto
1:01:50 Percentage Allocation of Wealth
1:08:09 Opportunity for Anyone
1:12:47 Accredited Investor Scam
1:15:57 Tokenization and NFTs
1:23:54 Real Value of Communities
1:39:38 Calling B.S. on Howey Test
Books mentioned in this episode:
George Soros, The Alchemy of Finance
Ben Horowitz, The Hard Thing About Hard Things
Jared Diamond, Guns, Germs, and Steel
William Strauss and Neil Howe, The Fourth Turning
