Raoul Pal: The Inconvenient Truth About Crypto

Published on: January 27th, 2021

This article is the accumulation of Raoul’s thinking around the Digital Asset space as he has become more deeply involved and begun to understand the different assets and narratives that drive them. His feeling is that the narratives in the space are behind the times, and stem from the world of 2017 when the adoption of bitcoin was just taking hold and every other digital asset was a threat. After 2017, we saw the crypto winter, where the entire space fell nearly 90%. People are scarred by those events. Many people made a lot of money and many people lost a lot of money in 2018 and 2019. In this article, Raoul tries to bring the narrative forward and bring some clarity on how to address the space that is based less on tribalism and emotion and more on a pragmatic approach to the entire subject.

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