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178 - Is Crypto's Bear Market Almost Over? with Raoul Pal
Bankless
The True North of Crypto
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Raoul: What is our true north in crypto? Where should we be pointed? What are the use cases that will still remain going into the next cycle? Can you kind of summarize this for the typical crypto investor who's maybe feeling punched in the gut from the last year or so of a bear market? The true north is not narrative, because narrative changes. We're starting to see activity rising as we should bit this stage in the cycle, the crypto spring. But we're not operating across everywhere. So we're seeing NFTs and dead doorknails but also Bitcoin which has huge value transacted.
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