Raoul Pal: How To Not F*ck Up The Crypto Goldrush | E76
When Shift Happens When Shift Happens
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 Published On Jun 20, 2024

‪@RaoulPalTJM‬ is the Co-Founder and CEO of ‪@RealVisionFinance‬ / ‪@RealVisionCrypto‬ and the Founder of Global Macro Investors.

Raoul candidly opens up about dealing with massive FUD in early 2023, the impact it had on him, and how he not only overcame the FUD but also doubled down on personal branding and ended up being one of the few ones who publicly went all in SOL when it wasn’t a consensus trade last year.

We also go through many other topics:

how the crypto industry is literally built to make you “fuck this up”
where the big blow ups might come from this cycle
why some NFTs are about to go Bananas and why Beeple and Xcopy are the alpha
why Raoul is now more interested by NFTs than by meme coins
how the biggest future builders, star-artists and celebrities are building just in front of us today and how this won’t last forever
what’s the “next SOL”
what could make Raoul change his mind on $SOL
why people in their early 30ies are f*cked and why everyone has “2 jobs” today
why buying Real Estate doesn’t make sense as an investment anymore and why it’s the same for any asset class except Nasdaq and Crypto!
why diversification is dead
Crypto, the super massive black hole!
the Banana Zone (of course)

And much much more!

This conversation is a masterclass on how to build wealth in crypto over the next 8 years (not 8 weeks!) and on how everyone can benefit from this truly generational wealth building opportunity!

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Connect with Raoul👇
Twitter: https://x.com/RaoulGMI
Linkedin:   / raoul-pal-real-vision  
Instagram:   / raoulgmi  

Connect with Real Vision👇
Twitter: https://x.com/RealVision
Website:   / realvisiontv  

Connect with Kevin & When Shift Happens👇
Website: https://www.when-shift-happens.co/
Instagram:   / kevinwshpod  
TikTok:   / kevinfollonier_  
Linkedin:   / kevinfollonier  
Twitter (X): https://x.com/KevinWSHPod

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0:00 Introduction
1:36 JUP / MNT / ASTR Partnerships
2:48 Raoul's Mission
5:01 Make your own Choice
5:36 Who is Raoul Pal?
6:31 Getting into Macro
9:46 Taking the Leap
11:33 Shares VS Cash
13:17 Running a Hedge Fund
15:31 Importance of Intellectual Capital
16:33 Being Business Wired
18:39 Founding Real Vision
20:26 Conceptualizing Long Form Video in Finance
23:13 Explaining the 12% Hurdle Rate
25:46 Wage Deflation
27:32 The Retirement Crisis
29:03 How to Retire
31:09 Understanding Liquidity Cycles
32:50 “Number Go Up”
37:20 Market Yield and Traditional Finance
43:06 Self-Custody in Crypto
44:27 Secular Trends
44:21 Crypto VS NASDAQ
49:30 Thinking Exponentially
52:14 Diversification is Dead
53:48 Concentrated Bets
56:18 The Great Solana Bet
01:03:10 Shifting Crypto Narratives
01:05:11 Building Conviction at the bottom
01:07:56 Why you should be paranoid
01:10:16 When Raoul will change his mind on SOL
01:11:28 Cycle Transitioning
01:14:08 Making Crypto a Living
01:17:48 What will be this cycle's LUNA moment?
01:21:27 Deribit and Call Options systemic Risk
01:23:00 Leverage Risks
01:25:09 Learning by Doing
01:27:18 2020-2021 Cycle Lessons
01:28:50 Dealing with Massive FUD
01:32:01 Coping with Stress
01:36:58 Why Personal Branding is key
01:41:38 Power of Memes
01:43:46 “Don’t F*** This Up”
01:46:37 Why Crypto is a $100 Trillion asset class
01:50:59 Meme Coins VS Social Tokens
01:52:20 Are NFTs Dead?
01:55:00 Culture, Money, and Revolution
01:57:24 Luca Netz & Pudgy Penguins
01:59:39 The Magic of this Time
02:03:00 Banana Zone
02:06:17 Meme Coins
02:08:25 What's 'the next SOL?
02:13:30 Raoul's favorite Projects and Teams
02:14:42 Why Raoul has no Children
02:16:26 Next 12 Months Prediction

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