Raoul Pal's 2022 Crypto Forecast

foreign and happy New Year now welcome to a live stream that I have been so excited to jump straight in with and a partnership I'm really thrilled to be having with real Vision finance and Royal pal is joining me on the line now we're taking a look at 2022 crypto predictions my name is Jessica I'll be representing coin market cap first of all happy New Year how are you I'm great thank you Happy New Year to you thank you so much now I am very curious just jumping straight in 2022 so far how has it been for you when it comes to crypto I'm very curious if you potentially bought any new crypto so far this year if you have a lot of people and why I I have added a bit to ethereum and I'll add more I haven't yet I will broaden out and do some more stuff I'm trying to decide what to look at I'm probably looking at some of the Beaten Down defy tokens and some other areas of the market that have been kind of beaten down because this we've had this kind of big sloppy sideways range now for months and months and months and months and months but some of the some of the markets been killed within that so I'm starting to look at that stuff haven't yet deployed any money to it but but getting there but I have been buying Heath keeping your eyes closed in the prize and ethereum as well because I'm also very curious we always ask if you're a new Trader where would you kind of position yourself but I'm now also curious because we are seeing a slight more maturing Market in 2022 if you were a more experienced Trader maybe even in the market two or three years and you have say fifty thousand dollars to allocate what would you look at allocating right now based on the previous trends that we have seen and where we're looking to head moving forward so I look at it in terms of network effects where what networks are growing within crypto so ethereum's the the kind of biggest most robust Network in terms of the number of developers the number of people investing in it so that makes that one of your base you know Investments Bitcoin being the OG in the space is another base investment but then you want to start probably going a little bit further out on the risk curve so we're seeing these layer ones um stuff like Terror um Avalanche and um probably Solana interesting then I think maybe 2022 is going to be the year of interoperability so we're looking at you know polygon quants and a few other things that might give us those opportunities and d5's been quiet now for a year and a half so I think we might see the next wave of defy along with nfts and social tokens so there's a lot to play for still this year a lot lots happening and it's true because last year was this parabolic year of you kind of mentioned already nfts D5 it was it was a huge year also from my side as a sideline Watcher Dows it was a very big year for fully optimizing douse potential people were starting to understand some of the tangible use cases we could have um and first of all I'd like to get your perspective on on the Dow space and then I'm going to hit you with some theoretical Dao takeover questions right I mean look the downspace is really interesting it's very early it's really suitable to some stuff like Flamingo Dow investing really interesting ownership of assets Constitution down really interesting it failed to do what it was supposed to do but the Genie's out of the bottle so Dow's going to be used for political Capital fundraising so I think the Dow structure is interesting it's a great way of organizing groups of people I don't think it's perfect for all projects because some need more leadership than others um but I think Downs are here to stay um and we will just see them evolving a lot over time as people figure out what's the right mechanism to get the right Community involvement and getting some sort of consensus mechanism out of a bunch of individuals it's very interesting it's almost like when blockchain was first kind of coming into fruition and there was a lot of blockchain use cases that some people would argue didn't necessarily need blockchain and some that were fantastic examples there was one theoretical dial scenario that I did want to ask you about obviously 2020 and forward was the year of the vaccine versus non-vaccine debate debate Pfizer has a market cap of 315 billion theoretically based on the fact that crypto market cap is around 2 trillion at present theoretically could we see a dial that could take over Pfizer and kind of shut down this vaccine anti-vaccine uh debate that we have going on now how does the Dow shut it down what's your what's your thinking if they accumulate Pfizer for example it's one of them using suppliers around the world they could choose to stop all rollouts of Pfizer they could choose to Halt production and that would kind of create a slight supply chain disruption look I mean the question is is can dowels be used for other means yes I mean that's what the Constitution idea was right you can coalesce a group of people super quick because of the network effects of being you know in this kind of web 3 internet world and move pools of capital around for certain reasons I mean there's a doubt on it by an NBA team there's a dow trying to buy you know golf clubs there's you know so yes it can be used for all sorts of things and it will be used for nefarious things too because how do you regulate the damn things you know if you want to sue a dow for doing something let's say corporate takeover activity how do you sue a dow we haven't gone through that yet um we also haven't gone through what a dow means in mergers and Acquisitions you know if let's say an equity has a dow attached to it which some entities do well what happens if somebody tries to buy the equity what happens to the Dow so I don't know there's a whole bunch of stuff that can happen with this and this could be the year to solve out I think what's interesting as well when it comes to political structures I used to live in Malta which is a very small island in the Mediterranean I know you're based in Cayman Islands these kind of smaller incubator countries also could be quite interesting for adoption of a political structure down what's your thoughts on that I think political structure Downs are interesting again we don't yet know how well Dows actually kind of distribute power amongst a group of people whether it makes it more democratic or not because we've seen a lot of the Dow structures have VCS in them who have more votes so I'm not sure but I do think Dow structures and tokenized DOW structures can work for municipalities small countries small governments in a more effective way I mean here we are on the Cayman Islands and I'm sure same with Malta It's a Small Town that's a country and what happens is politicians become really small town you know they still end up as opposed to caring about you know something that's really truly good for the nation they end up once in the wind the boat's over fighting over a neighbor's fence and it becomes a ridiculous situation um so I think you know there are different structures that would definitely help for voting and uh for a more Democratic Society but it's not clear yet that Dows have done that either okay so it's a watch of space because also shapeshift last year coming into the kind of doubt ecosystem was that something that you were watching and thinking you know maybe I would invest in these these large companies that I've been following for a while I trust the the corporate structure now they've moved into Dao's I do have a bit more reassurance uh that the model will kind of continue on in a positive way again you don't know depends what the community decides right you don't you don't get the choice now if you're if you're backing a particular person and you share their sense of vision then generally speaking it may it should remain aligned for a period of time not always right people drift like Google do no evil didn't really last very long but um but with a dow it depends what the community does I mean the doubt can pivot immediately and can turn it into a political organization which you didn't want so you know I don't think there's any Panacea there's no perfect solution and I don't think Dao's the answer to everything I just think they're really interesting for some things particularly when the hive mind um can produce better results like Investments I think brilliant ideas um you know we've been I was talking to somebody today about a research now brilliant idea I think there'll be Dows based around scientific research and all sorts of stuff whether you could fund it um give it a a kind of sense of direction and and let it establish itself really interesting fantastic so now moving on because I think I've picked your brains on Earth on Dows we do have to start now with the OG of the space which is Bitcoin and just what your expectations are for 2022 because 2021 was a year very exciting for people in the crypto space when it comes to people that have been watching and advocating Bitcoin for for a few years what are you expecting for Bitcoin when it comes to potentially more balance sheets to add Bitcoin this year well Bitcoin needs a shot in the arm essentially um from Network effects because we're seeing less activity than we are elsewhere so you need to drive new participants into the space one thing I do know is institutions are coming into the space but I think it's switching a little bit from the direct Bitcoin access to BC access and hedge fund access and other ways so I do think we'll see some more balance sheet stuff but the problem is the accounting laws still don't help so for Gap Accounting in the US particular they have to Market to worst price and so you just it's a real nightmare on a balance sheet so until that gets resolved we won't see many more corporations do it Flipside was saying all the banks building crypto businesses and of which Bitcoin is the um the predominant one Bitcoin and eth again so I do think the banks will have them not in their balance sheets essentially but but in their trading books um and I think we will see more Pension funds and institutional investors and I think this year might the be the year of the Sovereign wealth fund you know it would be really surprising if if Dubai Abu Dhabi Kuwait I know I think Singapore already has it on their balance sheet Saudi I think there's a whole bunch of these that I think will start doing it they've already been doing VC investments in the space I think they'll start coming into the space in terms of physical ownership of Bitcoin and for people that are watching the things that sounds great but what would a sovereign wealth phone for Bitcoin what would that actually do to for example the price and also just for that next stage of adoption and even acceptance across regions well I think it's the it's the it's the real sign of acceptance um in terms of adoption yes it allows other Pension funds to own it other large pools of capital um now the key thing about these Sovereign wealth funds is they have gigantic assets so even a half a percent weight is you know billions and billions and billions of dollars so when they come into the space it's going to be meaningful and they'll be in it forever um so that's something to really keep an eye on because when that starts happening at scale it'll move the price for sure and it will drive Pension funds to come in and kind of other players I am going to pick your brain on price but I'm going to wait till later on in the conversation because I do want to start our chat going on the YouTube and get everyone to to comment what they think your price prediction for one Bitcoin by the end of the year is going to be and we're gonna I don't know along the way you have some time to think about it as well um one prediction that we're asking as well Bitcoin spot Futures ETF obviously last year with the Bitcoin Futures that was slightly correlated to all-time high price are you expecting to see Bitcoin spot Futures come along they haven't given us a hint that it is and it's bizarre because what they've done you know if if genza's idea was to protect the little guy he's completely screwed them by giving them a Futures Contract that trades their discount and so suddenly the ETF now doesn't track the price of Bitcoin same with the um same with the GPC trust so they should do something but we've not heard any noise that they will so I'm not sure meanwhile every other country is launching ETFs I think India's just launched an ETF on bitcoin Canada there's there's etps in Germany so they're coming anyway whether the US gets there or not everywhere else will get them watch this face you mentioned and I I do have to pick your brain because a lot of analysts are voicing frustrations at the SEC and saying that they have been very patient when it comes to watching the the SEC accept Bitcoin as kind of the markets in matured now the crypto industry is better now we should start to see the SEC work with crypto a little bit better what's your thoughts on expectations from the RTC this year and also if you had one statement to kind of give what would you what would you direct to them so I think the SEC is fighting its own turf war with the cftc the OCC the fed and everybody else who wants to regulate Bitcoin and crypto said they're fighting War by saying we're going to be tough on these people now don't forget the US government is full of baby boomers so it's an old group of people who mistrust and have a fear of change so does that so I think that's the fight that the SEC wants to have and they want to look like they're in control of this meanwhile there's 86 million Millennials and bought 70 something million gen Z who are now voters who have a lot of money and we've seen them as soon as you shake the cage you rattle the cage about um about banning crypto trying to do something nefarious to crypto they they get together very fast this one think about the Dow structure my guess is when we're now getting into Political season in the US people are going to start to put together a down structure to support politicians of both sides um that support the adoption of cryptocurrency and people don't want to fight young wealthy voters in gigantic numbers so I think that fight's going to come and I think the outcome should be and here's my advice is they need to walk away from the Securities Law the 1934 Securities Law it is unacceptable to tell people that they are not allowed to make certain Investments versus others while making it completely allowable to go to a casino and blow everything I mean it's so inconsistent you can buy a gun but you can't invest in a private company I mean how dare they do that and you've got a very large group of young people who have an all-time record value Equity Market bond market real estate market here's the opportunity of a lifetime and you think it's right to stop them so I think people need to change the rules I spoke to the chief fintech officer of Singapore on real Vision recently and he I said How's Singapore doing it and he said well what we've done is just said we'll give you risk warnings so we tell you that it's a risky thing that it's an early stage investment and that it could go to zero but feel free to invest and like that seems much more sensible way of going about it than saying well if you're if you're not worth a million dollars you know the day you're worth 999 000 you're not allowed to to invest in certain things and the day you go over suddenly You're Now smarter and experienced it's ridiculous so it has to stop if that does stop if what you're saying if this 1930s Securities Law is abolished what would you expect it to do for the the status of America right now when it comes to being open for cryptocurrency business would you start to see more innovation in the space would you start to see more companies kind of stuff without question regulatory Clarity the US is really the home of tech Innovation between China and the US now China is a closed economy yes some of their businesses are globalized obviously but the US is the home of all of this and they have the first mover Advantage they have the passion within the industry in the US you know if you go back to the UK it's so far behind Europe's so far behind when you come to crypto the US is the epicenter and if they free up regulation you're going to see you know gazillions of dollars pouring into the US economy to let this Innovation grow just as Silicon Valley did I mean look out of Silicon Valley you might have banned internet because of free speech and whatever they tried to do it with Facebook and Google and everybody you didn't what do you create some of the biggest companies in the world now they come with downside uh you know they have um they've they've got issues in in their business models but they bought hundreds and no trillions and trillions of dollars into the US so that's why they say that's why it's important yeah absolutely I completely agree and I think there is a lot of Dubai's kind of been an open hub for for consumers and Puerto Rico is also the dog's looking into the shop we love to hear yeah the dog's always walking out but while we are on the topic of of countries one thing that we do kind of consistently see throughout every year of crypto adoption is China looking at some form of cryptocurrency enforcement cryptocurrency ban mining ban this year are you expecting any movements from them because it does seem to have a correlation on the markets yeah so we took out maybe 50 of all active wallet addresses um when China banned it I mean if you look at the Active addresses and it fell now a bunch of them were people who who kind of stopped trading because of the sell-off in May um but let's say 30 of the entire Market left so it has a big difference now the rest of the world will catch up India's growing other countries are growing Nigeria is growing Etc so I think it gets replaced but yes of course I mean if you've got 1.3 billion people and you take them out of the crypto Market that doesn't help really interesting to see the news that came out yesterday or today that they want to encourage nfts but on some sort of centralized blockchain some weird kind of hybrid thing kind of you know China likes control of its money and control of its people and they don't want to lose it my guess is look we all know that almost every single transaction ever done in crypto is is there for everybody to see so the Chinese authorities I don't think mind it in the end they want two things one stop Capital flight so okay and the easy way to do that is they want to introduce their Central Bank digital currency once everybody's in the Central Bank digital currency then you can track every transaction as it goes in and out and then they don't care anymore because they can stop it they can they can measure it they can see who's doing what right now you can't really see who's doing what so I think that's what personally I think that's what they're trying to do they're trying to say right stop we want to know what money's in the system who's got it put it on this new Central Bank digital currency and then we're in control of Our Own Destiny and people are free to do what they want I don't think they want to stop uh Chinese consumers participating in the global economy but so I think it's a temporary phenomena for a purpose defeating the point of this advocacy of decentralization that we are working towards um I think if they can still access this world of crypto even though the some of it is centralized that's better than nothing I mean you and I send money to our crypto accounts from a bank it's a centralized Bank we don't go well I'm not going to do that because you know the bank's centralized it's like you know we live in a world that's imperfect it will always be imperfect some things are better centralized some things shouldn't be centralized but are centralized it's okay as long as people have got access to this decentralized world then people can build things invest in things and kind of change that world and one thing that we did notice when we saw the the China movements and enforcement of the ban is we saw some movement into Kazakhstan especially from mining Powers what's your take on recently we saw the kind of geopolitical tensions in Kazakhstan the internet shut down and some people were saying that could slightly be reflected in hash mining prices and also potentially even the price of Bitcoin was that something that you agreed with and what was your take um I just think the Bitcoin mining industry is incredibly efficient we took out 40 or 50 of the world's miners in China and nothing happened yes the Chinese you know you know um Chinese investors were taken out the market but I don't think the mining change was the big change in price and they set up super fast in Texas Kazakhstan Iran all over the world so I think it's it's a it's a distributed Network it does exactly what it's supposed to do it's super secure you know if you take out 50 of the entire Mining and nothing really happened then it worked perfectly all systems go is there a risk though when it comes to Reliance on internet connection if the world loses the internet then we've got bigger problems to deal with than this I mean it's a nonsense argument people come well it's Reliance on the internet well if there's no internet there's no banks there's no food delivery there's no cash registers there's no payment systems there's no telephone there's no nothing so we are a world Reliance on the internet people will finally have to start talking to each other in person heaven forbid the internet outrageous and the gold guys can have their day Pizza Chef will be extremely optimistic it's finally his hour she won't be able to call anybody and tell them and he won't be in a post on Twitter we'll get a letter two weeks after so now I'm moving on to East 2.0 another exciting calendar event for those in crypto and I know you are kind of you're very optimistic on this what are you expecting from ethereum price from this um and also the ethereum price structure building up to East 2.0 so you know it it's the structure leading up is I don't know because there's a bunch of things going on which is the Network's been slow because retail investors have had their earnings crimped by inflation so they've had less marginal money to be able to put in there's the FED tightening central banks tightening so there's a lot going on in this picture right now which is why these prices have been wide ranging and sideways usually these big events are turning point one way or the other so if you went into it at a high in Heath much like we went into the ETF or we went into the coinbase listing coinbase listing was the absolute High to the day because what you did with the coinbase listing is you gave people another alternative so before they were forced into opening Bitcoin accounts then they didn't have to so they bought the equity and you lost billions and tens of billions on dollars of demand so it depends what happens to a 2.0 and where it is because if the prices at a high then all of the people who've been staking are likely to take profits when they can unstake now when they unlock that stake everybody else in the market knows that there'll be a seller so you'll force them out at a lower price it's just how markets work if we go in at a low then it's going to be like the Bitcoin halving where suddenly this triple halving event happens and the price just recovers automatically because so much heat is burned so I don't really know you know I was expecting either to have been stronger into the back end of the year and so therefore I was expecting this whole thing to be at a high I just don't know yet but you did buy some more eth I did in January oh yeah well I'm still bullet I mean I haven't sold a single thing I've done nothing but buy for 18 months and I haven't sold a single thing 18 yeah 20 months now you heard it here first ladies and gentlemen I did watch a video of yours from October 2020 and you said that Bitcoin was in this supermassive black hole The Narrative will continue to grow for 18 months and I was like 18 months is quite specific what happens after the 18 months and the 18 months will be around March was there an intention behind March 2022 or was it no it was actually around the previous Bitcoin halving cycles and how long they last for and previous price charts suggested that around March would be the peak but that whole pattern fell apart in December so everybody was expecting the rally Market loves pain it chooses to do the opposite for this lack of network growth and a bunch of this other things so so therefore it kind of suggested the structure of the halving Cycles has changed and I think that's probably right and I think the downside will be less maybe we're in a bear Market maybe the bear Market is down 30 40 50 as opposed to down 80 percent which is the previous ones maybe the Cycles are shorter um I've looked at Amazon in the past it used to start with big violent swings down 95 then down 80 down 60 and then it just did this and just went up I kind of think that's what network adoption looks like the more people come onto the network the less downside there is yes it doesn't Spike as high but the uptrend is stronger and the Cycles tend to be shorter so that's kind of my working hypothesis right now we'll have to see how it plays out but I kind of think the Cycles are shorter and um less steep I think what's interesting as well staking has played a huge element in this and also the nft matavus boom so my side almost gives this kind of cushioning and support to two vulnerable ethereum prices is that kind of the case from your side so so if you think about it what makes a network really robust is not only investors in it are token holders but when people are developing on it and then you're developing other projects on it that also have investors on top you're creating Network effects so if you think of Ethan those terms so there's now demand for the network which is why youth is so expensive gas freeze is so expensive because everybody wants to use Eve okay and then you've got the other phenomena where those expensive gas fees are going to burning Heath so what you're doing is taking eat out of Supply as well and that's I think the key reason why eth was up 450 last year and Bitcoin was up 60 it's to do with the robustness of the network and that burning of tokens and the fact that Bitcoin doesn't have a theory it doesn't have nfts doesn't have Smart contracts it doesn't have any of this on it it's got the lightning layer but the lightning layer basically what it does is batches a bunch of transactions on one blockchain slot so you're actually not using vast amounts of the network so I think that's why Bitcoin ethereum did so well versus Bitcoin last year this year then continuing on are you expecting to see the nft boom because a lot of people are saying well if as nfts available there was a 2021 phase and bad and it's going to slow down now what's your take on the nft super cycle that we saw last year um I think nfts are here to stay I think we will see a lot of volatility in price because it's really hard to know what Project's good and what's not um I think it's also going to morph towards music um I think it's going to walk more if I'm seeing one about book publishing where a guy has raised the money to write a book and a screenplay which will end up being a film so I think we're going to see all sorts of new applications for the creative Industries and other Industries coming out of nfts and it won't just be the pfp kind of part of it where you know everybody's showing that that was just the early start of this and some of those projects will get decimated and some will just continue to do well because you know people have decided that those have value and you want to be part of that community and I know you do value several other things as well as just the cryptocurrency industry when it comes to observing companies and also a growth of different uh stocks and kind of treasuries the the metaverse trend I'm very curious to get your thoughts on this and has it been comparable when it comes to the the rate of adoption and the rate of interest to anything you've ever seen before metaverse know so crypto yes right so crypto is the internet back in 1997 um had 160 million users and was growing at 63 a year um the digital asset Market has about 160 million users and is growing at 113 a year so it's the fastest growing adoption of any technology in all history the metaverse itself is slow adoption um so we're not seeing anybody using sandbox or to Central land or anything really yeah people are still using fortnite and Roblox and stuff like that so we're not seeing metaverse per se in terms of those digital Worlds the metaverse of the fact that you and I are in different continents in different countries but doing this digitally I mean that wasn't really easy to do a while ago but this is part of the metaverse you know the digitization of everything that we do so it is happening all around us but these digital worlds you know we've just seen Apple today announce that it's moving it's delaying the release of its AR um glasses which everybody's been waiting for so we're not there yet so I think it's um it's speculation and interest really early stage um but later you know in five years time then we'll be at the teeth of the middle of something much bigger where people are starting to get it and realize you know what was Mark Zuckerberg talking about hate it or love meta it's still going to be one of these metaverse experiences Tim Sweeney and epic games sort of started moving further into the space Brands will have you know and there'll be a blending of all of this kind of world and these nfts will be movable between different places and usable in different ways it's all coming but it's really really really really early have you tested out the metavis yet any kind of different platforms and applications yeah so we've a real Vision we've got our headquarters in in crypto voxels so we've got a we've got a headquarters we've got um an nft art gallery that um Sergio Silva put together for us with yeah people works and all sorts of works that were lent To Us by um lots of great collectors you know akus are in there all of that um we've got a theater to Showcase real Vision stuff so people can come to the auditorium we've got a shop in there where you can buy real Vision merch we've got a bunch of TVs around with different screens and stuff you can play with a bunch of Easter eggs all sorts of stuff very creative and a beautiful artwork as well that couldn't have come cheap no we didn't buy it we borrow it so we we went to the collection said do you mind if we we show your nft collection and then there's a descriptor where they are on Open Sea you can see all about it it's really it's really cool nice so a jazzy Christmas party in the real Vision metaverse office exactly exactly right so now we look at it so we've talked about uh metaverse we talked about nfts and this booming Trend one thing now that I do really want to ask you about is we've covered ethereum the likes of Solana the likes of avalanche the likes of cardano this year what's your expectations for these because we've talked about ethereum and what you're expecting what about these other Solutions they've been moving fast because of ethereum's expensive or slow versus some of the use cases and so those have seen Network effects as people have come away from using ethereum so it's a replacement trade it's not new money coming into this so it's just been basically a rotation when everybody's looking at the rotation to continue because everyone's now figured out oh yeah these layer ones that's what we need they don't work anymore so it moves to the next thing and whether that's interoperability whether it's you know beating up D5 because nobody's interested in D5 anymore I don't know all I do know is that when everybody's looking at something it doesn't happen so everyone close your laptops turn away something that I didn't know that you were watching and I saw I saw a tweet recently and it just sparked my interest is I saw real vision's interest in looking at India as a region and looking at India when it comes to um how it was planning to move forward in reaching out to different universities and schools what is the interest there what was the thought process behind that so we've started Brill Vision India um with two people um the ex head of Goldman Sachs India is actually our chairman um he's another real Vision fanatic um and somebody from JP Morgan um we've just started but I'm half Indian so I'm pretty familiar with the place and um it's a gigantic English-speaking Market with massive cryptocurrency adoption um and crypto it's already a highly digitized economy so when you go to India the banking system is entirely digitized you can send money frictionlessly um and costlessly almost everywhere you know there's like automated kyc and it's perfectly set up for this um so both crypto and macro because India has a growing role within the global economy um and so for me I realized that I was being a lot of Indians were coming to me on Twitter on LinkedIn all over the place desperate for information and so we thought you know what we should go and do this so you you know we've been talking to um people like wazerex who are you know one of the largest Indian well the largest Indian exchange um and um and a whole bunch of other people out there to say okay how can we help what can we do how can we educate people let's get them this quality content because real Vision has this extraordinary you know library of the best content in the world how can we give it give it to people in India and get them to understand the opportunities that this is going to create for all of them very interesting actually my first Eureka moment for crypto was when I was in India in 2016 I was working for a Swiss bank as a journalist and I was familiar with crypto and it was when Modi had actually put a stop on accepting these small banknotes and it completely halted any Merchant sales because people didn't want to trade in banknotes that were valid there was queues for six or seven hours in each um bank and all the ATMs were out of bank notes and that was my Eureka crypto moment so I found it really interesting that you were looking to expand that um yeah and that was really interesting when that happened I saw it immediately everyone was so negative like this is terrible unlike no India's about to LeapFrog the world because it's about to entirely digitize its banking system and it proved to be true I mean the Indian kind of UPI payment system India stack all of this stuff is incredible so you know that's why I'm really bullish on this whole India thing they digitize I mean the US you know we're here in the Cayman Islands it's an absolute nightmare was supposed to be a banking center we're not um it's it's it's terrible you can't transfer anything they were walking checks from One bank to the other because they didn't have an intra bank transfer system and the US is equally bad people still write checks while in India people are just doing on the mobile phone to your email address in seconds no less than a second to buy they still have checks as well could you believe it so the the regulatory uncertainty that came with the crypto ban in India you've just mentioned you're really bullish on India how are you viewing the the crypto ban that came out in November well they tried to and then it's been walked back all I do know and again I've just interviewed the uh the founder of wazorex on real Vision yesterday it'll be out next week or so is that everybody's talking to the politicians and the civil servants and explaining what this is about you know the Indian Tech Industries got together and say listen you've got to understand what a bigger opportunity this is for us so I think India yeah first was like whoa we don't know what you're doing here and they they're going to walk back from it because you know don't forget if you go back three years ago you were banned from using a bank for the crypto industry so they were unbanked entirely then the banking was allowed then it was like we want to span it we don't really know that it's like well maybe we didn't mean it what's going to happen is they'll regulate it and they'll regulate in a way that they're comfortable with and then the industry can flourish because if they don't they're going to knock India out of the this largest industry and the fastest growing industry in the world right now it would be crazy considering how much Advantage India has developers digital money system you know all other things I mean I think polygon is based in India and a few other crypto projects as well and also I personally quite my hiccup our view count in India and we have a great community and our chat is going wild right now at this conversation and really excited to see what real Vision India will bring moving forward uh we are going to end with a kind of a crypto price prediction I'm going to pick your brains a little bit but just before that is there any predictions for 2022 in the industry that you have that might be uh something that we've not covered yet that you're expecting to see or hoping to see I think that I've been eluding this for some time because it's stuff that I'm working on that I can't really talk about but I think this is the year of social tokens people don't really yet I talk about it people don't really get it we're saying ball date start with the ape token there's some of these but these are still small scale we're going to see some gigantic communities tokenized and we'll see the power of of token economics so that's the big thing that people aren't aware of because they haven't seen it yet so that's my big prediction for this year in terms of price I don't know I kind of I kind of got it right and wrong last year I said ethereum was going to be the big trade and that did really well uh I did think Bitcoin would end up much higher than a hundred thousand I thought it was close to 150 000 and it stopped at 69 000 where we got to and um so I don't know if I'm qualified to make them a prediction but I still I'm I stick with you know I use the logarithmic Channel and the upside for Bitcoin if we get traction again particularly if we end up with some Central Bank easing which I think we will get uh the last part of the year or allusion to it I still think Bitcoin can probably do you know it could probably do 300 or so this year and and he could do more significantly more again it could do more that is really interesting I think a lot of people are going to be thrilled at that prediction as well it seems like a very yeah but you know you have to Discount the fact that I didn't get it right last year I mean I got it right because I'm you know I made a lot of money from it but I didn't get it right in terms of price prediction price predictions are impossible because you know the texture of markets changes over the year and you need to understand what that means I mean I'm not in this for the short term so I don't really care which is so um but all I care about is the adoption and stuff like that so yeah it's tricky to make predictions but we'll see we'll have to see and one final thing as well because I think 20 0 creators as well I know I reference your videos a lot as fantastic at educational pieces we're seeing a lot of new content creators come into the space as well what advice would you give for people that are video creators that are looking to expand their knowledge into crypto people that are just getting in this year and kick-starting their Journey I think take people along your journey with you right nobody's got this figured out anybody who claims to have is a liar we're all freaking out it's brand new and it's a lot of fun and if you're a content creator be authentically you and don't pretend to know everything and just go on that that knowledge of that journey of knowledge and you'll bring people with you because there's millions of people like you who are also exactly the same point and they just want somebody to to take them along for the ride and that's what I've done I did my whole kind of Rouse adventures in crypto on real Vision crypto was just me trying to figure it out and you end up with you know hundreds of thousands of people following you in that Journey because they want to see what I figure out and see what they can how if they can join the dots too exactly and it's all about this kind of social Journey as well Ralph it's been amazing to catch up I've really been looking forward to this and it has not disappointed at all I really hope we can do this again soon and collab and a little bit further but thanks for your time and let's hope you're 300 bitcoin price prediction is correct we'll have to do a follow-up at the end of the year well look it did it whole sideways right so it's it's right now it's about zero zero returns over a 12 month time Horizon so we've just had basically a bear market so a whole sideways year normally after that you tend to get a larger parabolic rise let's go fingers crossed a perfect note to end on thank you so much my name is Jessica for coin Market cat Ralph Hall from real Vision thank you so much and hope to catch up again soon see you thank you and have a great weekend thanks

Channel: Real Vision

Views: 333,829

Keywords: Finance, Markets, Economy, Investing, Trading, Education, Entertainment, Thesis, Real Vision, Equities, Raoul Pal, Jessica Walker, Coin Market Cap, CoinMarket Cap, NFTs, Metaverse, Digital Assets, Crypto, Bitcoin, Ethereum, DeFi, Decentralized Finance, BTC, ETH

Id: loAKa9s8-rE

Length: 41min 33sec (2493 seconds)

Published: Fri Jan 14 2022