The Collapse Of Crypto & FTX! | Raoul Pal (Replay)

Aug 10, 2024

In this engaging discussion, Raoul Pal, a macro investor and co-founder of Real Vision, dives into the collapse of crypto and FTX, shedding light on the psychological factors driving investor behavior. He explains how FTX's fraudulent practices reveal deeper dynamics within the cryptocurrency realm. Raoul also touches on inflation, the impact of demographics on economies, and the need for regulation in crypto. Ultimately, he emphasizes that understanding the game of money hinges on recognizing the psychological landscape of finance.

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INSIGHT

Crypto Components

Raoul Pal suggests dividing crypto into components to better understand market dynamics.
This clarifies the impact of central bank actions and liquidity cycles on various asset classes.

INSIGHT

June 2022 Leverage Crisis

June 2022 marked a critical point in the crypto market due to leverage blowups.
Hidden issues with Alameda Research, later revealed, contributed to the crisis.

INSIGHT

FTX and Alameda Allegations

FTX allegedly used customer funds to cover Alameda Research's losses, a potential case of systemic fraud.
The unfolding story suggests FTX might have been a front for Alameda to manipulate customer orders.

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On Today's Episode: What in the crypto is actually going on? In the middle of the financial crisis we’re experiencing, people are acting out of desperation, and emotions are possibly leading the charge. Raoul Pal is back to help us understand what is the current state of crypto, why FTX has been using customer money and more importantly, why is this not as unusual as you may think. Raoul’s insights as a macro investor, former hedge fund manager that retired at 36, and co-founder of Real Vision, a financial media company, takes us to a high level view to string together how world history and demographics have brought us to this point.

The key takeaway here for you is that, “the game of money is a game of psychology.” Tom Bilyeu Once you understand that this is a game, we need to know the players, the rules. The ultimate indicator of how you play this game, as Raoul explains it, is the future version of yourself and what that version wants. It indicates your debts, your risk tolerance, and what your next financial move will be following this interview.

Whatever you do, do so from a place of minimizing your emotional response and play the game well.

SHOW NOTES:

0:00 | What In The Crypto Is Going On?

14:02 | The Emotional Cycle of Money

23:46 | Inflation Vs. Debasing Currency

36:37 | Why Velocity of Money Is Slow

46:54 | Do We Need Central Banks?

56:34 | Future Economies with Tech

1:16:42 | Can Debt Stimulus Solve This?

Follow Raoul Paul:

Website: https://www.realvision.com/

Twitter: https://twitter.com/RaoulGMI

Instagram: https://www.instagram.com/raoulgmi/

YouTube: https://www.youtube.com/channel/UCBH5VZE_Y4F3CMcPIzPEB5A

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What's up, everybody? It's Tom Bilyeu here. If you're serious about leveling up your life, I urge you to check out my new podcast, Tom Bilyeu’s Mindset Playbook —a goldmine of my most impactful episodes on mindset, business, and health. Trust me, your future self will thank you.

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