Raoul Pal: The Journey Man

Raoul Pal: This Is How the Rich Get Richer in Crypto ft. Kevin Follonier (Round 3)

129 snips
May 18, 2025
Kevin Follonier, host of the When Shift Happens podcast, dives into the world of cryptocurrency with insights on building wealth and avoiding pitfalls. He shares his painful lessons from the Luna crash and why he's all in on Sui. The discussion also covers the emotional landscape of crypto investing, the rise of NFTs, and the critical evaluation of Ethereum alongside Bitcoin. With humor and candor, they explore strategies for successful investments while stressing the importance of risk management and evolving with the market.
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ADVICE

Buy and Hold Bitcoin First

  • Build wealth in crypto by buying Bitcoin and dollar-cost averaging regularly.
  • Start small with your paycheck and get familiar with volatility before diversifying into top projects.
ADVICE

Master Portfolio Allocation

  • Practice disciplined portfolio allocation to manage risk effectively.
  • Learn risk management early to avoid devastating losses.
ADVICE

Stay Paranoid to Avoid Crypto Risks

  • Always stay paranoid in crypto to avoid risks like hacks and scams.
  • Manage wallet hygiene and custody to protect your assets.
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