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Raoul Pal on The Exponential Age and the Everything Code: AI, Crypto, QE and Beyond

Real Vision: Finance & Investing

CHAPTER

The Bitcoin Liferaft: A Parallel Financial System

The debt that is accumulated from the last 50 years dictates a huge amount of what we can and can't do. The dollar basically has a very similar impact in terms of restricting the band or sorry, excuse me, dollar debt and dollar denominated debt. And it's why I've always referred to it as the Bitcoin life raft or a parallel financial system. It's actually not parallel. It's converged in 2020," he says.

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