Raoul Pal Explains The Importance Of Crypto During Times Of War

The Founder and CEO of Real Vision, Raoul Pal, looks into the existing global geopolitical tension, and makes a case that it will ultimately help to show the world the value of crypto.

In a recent Real Vision video update, the macro economist notes that war and corresponding international political policies is a great showcase why the world needs blockchain and crypto.

“A distributed network that’s not owned by anybody but is owned by everybody is almost priceless in a situation like this.”

The market expert also said that the current unpredictable price action in the crypto market reminds him of the COVID pandemic price crash in back March 2020, which involved a dramatic sell-off that regardless couldn’t drag the price to a new low versus the prices 18 months earlier. The crash was then followed by prices skyrocketing the following year.

Pal says that today’s market looks very similar.

“We haven’t made a new low – we’ve thrown a war at crypto, we’ve thrown Chinese bans, we’ve thrown all sorts of stuff, 8% inflation… and crypto didn’t make a new low, so I think there’s a signal there, but again, we need to watch it.

I don’t think that’s the bet to put all your money in right now. All of my money’s in it, but I am adding to these other trades. 

The crypto situation gets interesting, I think, as people start to realize that at [a] sovereign level, this becomes a solution for them too. And the rise of central bank digital currencies, the moving away from the SWIFT system – that’s all coming into this game.”