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#1175 Raoul Pal On Bitcoin And The 2023 Financial Crisis

The Pomp Podcast

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The US Understands Crypto, Understands That It Is the Answer to the Future

When people hear that Bitcoin could go up aggressively in price, there's a cohort of those individuals who then jump and say, well, the government may not want that or the government may try to stop that from happening. Some people will point though to capital controls that usually happen when there is some sort of high inflation or hyperinflationary event. Those capital controls get put in place and basically try to lock in the citizens. We've seen that literally happen the last two or three years in various countries around the world. My view is the US understands crypto, understands that it is the answer to the future but they need to throttle it because if you create the bank run on the entire system

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