In this week’s episode I interview Raoul Pal, who retired from the hedge fund world at 36 years old and has run financial media company Real Vision for the seven years since. He predicted the housing bubble, he was early to call the devastating effect the pandemic would have on the economy, and now he gives us his thoughts on what he sees is coming up in the next few months. Raoul believes the second half of 2021 will be worse than expected, but that the decline will be short-lived thanks to even more stimulus to be added to the global economy. This will cause risk assets to continue their climb, including crypto. And for that he’s well-positioned: he says 100% of his liquid net worth is in cryptocurrencies but if he had to own just one asset over the next 12 months, that would be ETH.
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