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Crypto Spring Is Here: A 2023 Macro/Crypto Outlook w/ Kevin Kelly

Raoul Pal: Real Vision

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The Bifurcation Between DeFi and Bitcoin NFTs

There's not enough, you know, there that's being built on top of eventually we've built on top. Sure, maybe central banks and sovereign wealth funds want to hold it in their balance sheet because it has no claim against it like gold. But that's not mass adoption. I feel that DeFi, given what happened to the centralized exchanges and listening to Joey Kruge at Pantera, who's like, this is the big thing for us. It feels that there's a lot of innovation to come out of DeFiBecause people have been building, resolving issues, figuring out what goes wrong, what goes right, thoughts.

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