Bitcoin & The 2023 Financial Crisis | Raoul Pal
Raoul Pal is the co-founder & CEO of Real Vision, he is also the brilliant mind behind Global Macro Investor. In this conversation, we talk about the recent bank failures, macro environment, how the Fed can respond, why quantitative easing is coming back, and what will happen to bitcoin in that scenario.
TIMESTAMPS:
0:00 – Intro
0:35 – How did we get here?
2:25 – Fed’s intention
4:10 – Why are banks under stress?
7:34 – Real estate problem
9:47 – Solution
10:50 – Digital crisis
15:04 – FTX vs banks
18:05 – Hold-to-maturity
20:31 – Evaluating the situation
23:49 – Financial warfare
32:22 – Outcome of banks
33:36 – Inflation & economic data
47:05 – Fed’s balance sheet
51:53 – Fed & interest rates
55:35 – Asset prices & bitcoin
1:02:18 – Government on bitcoin
1:08:35 – Should US federal reserve buy bitcoin?
1:10:22 – What is Raoul doing?
1:14:38 – USD reserve currency status
1:18:45 – Bitcoin outlook
1:20:46 – Takeaway
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