The Collapse Of Crypto & FTX! | Raoul Pal (Replay)
Tom Bilyeu's Impact Theory
Intro
This chapter analyzes the cryptocurrency market's current turbulent state, influenced by the FTX scandal and central bank liquidity cycles. It explores the psychological effects on investors and the broader market as significant asset declines occur in both tech and crypto sectors.
On Today's Episode: What in the crypto is actually going on? In the middle of the financial crisis we’re experiencing, people are acting out of desperation, and emotions are possibly leading the charge. Raoul Pal is back to help us understand what is the current state of crypto, why FTX has been using customer money and more importantly, why is this not as unusual as you may think. Raoul’s insights as a macro investor, former hedge fund manager that retired at 36, and co-founder of Real Vision, a financial media company, takes us to a high level view to string together how world history and demographics have brought us to this point.
The key takeaway here for you is that, “the game of money is a game of psychology.” Tom Bilyeu Once you understand that this is a game, we need to know the players, the rules. The ultimate indicator of how you play this game, as Raoul explains it, is the future version of yourself and what that version wants. It indicates your debts, your risk tolerance, and what your next financial move will be following this interview.
Whatever you do, do so from a place of minimizing your emotional response and play the game well.
SHOW NOTES:
0:00 | What In The Crypto Is Going On?
14:02 | The Emotional Cycle of Money
23:46 | Inflation Vs. Debasing Currency
36:37 | Why Velocity of Money Is Slow
46:54 | Do We Need Central Banks?
56:34 | Future Economies with Tech
1:16:42 | Can Debt Stimulus Solve This?
Follow Raoul Paul:
Website: https://www.realvision.com/
Twitter: https://twitter.com/RaoulGMI
Instagram: https://www.instagram.com/raoulgmi/
YouTube: https://www.youtube.com/channel/UCBH5VZE_Y4F3CMcPIzPEB5A
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What's up, everybody? It's Tom Bilyeu here. If you're serious about leveling up your life, I urge you to check out my new podcast, Tom Bilyeu’s Mindset Playbook —a goldmine of my most impactful episodes on mindset, business, and health. Trust me, your future self will thank you.
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