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#1175 Raoul Pal On Bitcoin And The 2023 Financial Crisis
The Pomp Podcast
Is There a Potential Setup for Bitcoin?
I think there is a potential setup here for Bitcoin and the whole crypto market actually to be shockingly strong, more like 2013 than 2019. So if I look at it versus M2 year on year on the Fed balance sheet year on year, it massively outperforms in the bull market but then pulls back when liquidity comes out of the system again. This time around, I don't think we're going to see that. All of the central banks falling into place because they've all got the same issue, which is debt. They're all going to have to stimulate.
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