The Bitcoin Life Raft: The End of Monetary & Fiscal Policy As We Know It
He touches on the various crises that have encouraged the rampant printing by central banks and the destructive consequences this has left in its wake.
Touting Bitcoin as the unkillable “cockroach of finance” and the life raft for this transitional period in history, Raoul Pal sees CBDCs as the killer of stable coins and the start of a new era in the world of monetary and fiscal policy - the first major steps of technology eating the traditional finance world.
According to Pal, all of the macro signals are pointing towards a major shift in how the system is run. He cites the allowance of banking custody for crypto assets by regulators, major corporate treasuries investing in Bitcoin, and new types of banks, such as Kraken, all as pivotal events in the coming shift to a digital asset world.
Filmed on October 18, 2020.