When Shift Happens Podcast

E76: Raoul Pal - How To Not F*ck Up The Crypto Goldrush


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Raoul Pal is the Co-Founder and CEO of Real Vision 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
- 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 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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SPONSORS
🚀 Jupiter is the most used Decentralized Exchange in Crypto and the largest DEX by volume on Solana.
https://jup.ag/
♾️ Astar Network is a Web3 hub for innovation, offering tools and a blockchain platform for decentralized apps and smart contracts. It invites users to innovate and connect in a community-driven ecosystem, transforming ideas into reality with its robust infrastructure.
https://astar.network/
🤖 SwissBorg is Europe’s top trusted crypto app offering user-centric investment platforms and DeFi asset management with reliability and innovation.
♾ Coinsilium provides vital funding and expert advice to Web3 and AI-powered early-stage technology companies.
https://www.coinsilium.com
-----------------------------------
Connect with Raoul👇
Twitter: https://x.com/RaoulGMI
Linkedin: https://www.linkedin.com/in/raoul-pal-real-vision/
Instagram: https://www.instagram.com/raoulgmi
Connect with Kevin & When Shift Happens👇
Website: https://www.when-shift-happens.co/
Instagram: https://www.instagram.com/kevinwshpod/
TikTok: https://www.tiktok.com/@kevinfollonier_
Linkedin: https://www.linkedin.com/in/kevinfollonier/
Twitter (X): https://x.com/KevinWSHPod
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00:00:00 Introduction
00:01:36 JUP / MNT / ASTR Partnerships
00:02:48 Raoul's Mission
00:05:01 Make your own Choice
00:05:36 Who is Raoul Pal?
00:06:31 Getting into Macro
00:09:46 Taking the Leap
00:11:33 Shares VS Cash
00:13:17 Running a Hedge Fund
00:16:33 Being Business Wired
00:18:39 Founding Real Vision
00:23:13 Explaining the 12% Hurdle Rate
00:25:46 Wage Deflation
00:27:32 The Retirement Crisis
00:29:03 How to Retire
00:31:09 Understanding Liquidity Cycles
32:50 “Number Go Up”
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
01:07:56 Why you should be paranoid
01:11:28 Cycle Transitioning
01:14:08 Making Crypto a Living
01:17:48 What will be this cycle's LUNA moment?
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?
01:57:24 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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When Shift Happens PodcastBy Kevin Follonier

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