UpOnly: Chats with Crypto Experts cover image

Raoul Pal on the Inevitability of Crypto

UpOnly: Chats with Crypto Experts

CHAPTER

The Debt Super Cycle

The debt super cycle has been mentioned on up only t v. Most traditional macro guys thought the next recession was going to be tend of the debt supercyce, al right? And what happened as it didn't is a clear bubble somerow. The world changed in two thousand and eight and we can't have wipedo a lot of performance of assets. We are all migrating across to this new world of didital assets where we've got recorded ownership over clateralization that makes it quite different. So if that's the case, then slowly you can basically wipe out the transition over by devaluation of currencies without destroying other stuff like stocks or textok. It won't destroy people

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