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

When Shift Happens Podcast

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! ------------------------------------------------------------------------- JOIN 'KEVIN X SWISSBORG ALPHA CLUB' TO GET BEST ALPHA FROM THE BIGGEST BUILDERS 💰 https://swissborg.com/kevin-follonier 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 --------------- 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 16:33 Being Business Wired 18:39 Founding Real Vision 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” 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