Episode notes
“Here we’ve actually got a broadening, diversifying, deepening market which looks perfect technically, has a good roadmap, has good seasonality. If you can’t find conviction here, you’re never going to find it. This is the perfect storm for bitcoin.”
— Raoul Pal
Location: Remotely
Date: Thursday 4th February
Company: Real Vision
Role: Co-Founder & CEO
Unlike almost every other market, in bitcoin, retail had the chance to front-run Wall Street. Since before bitcoin even had a price, the libertarians and cryptographers believed in bitcoin's ability to become the world's most dominant financial system.
Bitcoin has been through many boom and bust cycles that were almost entirely retail-driven, yet the institutions have dominated the 2017 narrative.
MicroStrategy changed the landscape for bitcoin investment and ushered in a new wave of 'smart' money. While there was undoubtedly institutional investment before MicroStrategy, it was their purchase of 21,454 bitcoin in August of last year that opened the floodgates to corporate investment.
But how do these traditional, 'smart' money investors view bitcoin? And what do they think of bitcoiners?
In this interview, I talk to Raoul Pal, macroeconomist and co-founder & CEO of Real Vision. We discuss the differences between retail and institutional investors, what a $1 trillion market cap means, volatility and market cycles.
This episode’s sponsors:
Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.
Exodus - The world's leading Desktop, Mobile and Hardware crypto wallets.
Ledger - State of the art Bitcoin hardware wallet
-----
-----
If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:
Become a Patron and get access to shows early or help contribute
Make a tip:
Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2S
QR Codes: Bitcoin
If you do send a tip then please email me so that I can say thank you
Subscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS Feed
Leave a review on iTunes
Share the show and episodes with your friends and family
Subscribe to the newsletter on my website
Follow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTube
If you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.
