2min chapter

The Pomp Podcast cover image

#1175 Raoul Pal On Bitcoin And The 2023 Financial Crisis

The Pomp Podcast

CHAPTER

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

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode