Bankless 80 - Ethereum is the Greatest Trade | Raoul Pal
Aug 30, 2021
Raoul Pal, CEO of Real Vision and macroeconomics expert, shares his insightful views on the evolving landscape of cryptocurrency, particularly Ethereum. He discusses why he believes Ethereum is a pivotal investment, objecting to market volatility and emphasizing long-term trends. Topics like inflation, network effects, and the significance of decentralized finance reveal how history intertwines with modern economics. Raoul also explores the metaverse's potential, the regulatory environment, and the cultural impact of NFTs, advocating for community engagement in this new financial era.
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Macro Update
- Unprecedented money printing and fiscal stimulus averted insolvency and created the shortest recession in history.
- This success encourages further stimulus, potentially weakening the economy while the Fed talks about tapering.
CPI Inflation is Hard
- CPI inflation is difficult to achieve due to retiring baby boomers, millennial competition, globalization, and technology deflation.
- Technology continuously lowers prices, making it hard to sustain inflation outside of assets like housing and healthcare.
Macro and Crypto Converge
- Many macro investors are transitioning to crypto, recognizing its potential and superior returns.
- This shift is driven by the search for solutions to macro problems and the realization that crypto represents a paradigm shift.