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Episode

How Raoul Pal 10X-ed His Money with Crypto and Retired to the Beach
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54:14
Published: Wed Mar 02 2022
Description

Shaan Puri (@ShaanVP) sits down with Raoul Pal (@RaoulGMI) to talk about his career, how he 10X-ed his money with crypto, why NFTs are a bubble, winning the game of life, and more. ----- * Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel. * Want more insights like MFM? Check out Shaan's newsletter. ----- Show Notes: (00:35) - Why Raoul lives in the Cayman Islands (07:30) - Winning at the game of life (16:15) - How Raoul got into crypto (30:10) - Why NFTs are a bubble (43:15) - How crypto could revolutionize the music industry ----- Links: * https://www.realvision.com/crypto ----- Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more. ----- Additional episodes you might enjoy: • #224 Rob Dyrdek - How Tracking Every Second of His Life Took Rob Drydek from 0 to $405M in Exits • #209 Gary Vaynerchuk - Why NFTS Are the Future • #178 Balaji Srinivasan - Balaji on How to Fix the Media, Cloud Cities & Crypto #169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett • ​​​​#218 - Why You Should Take a Think Week Like Bill Gates • Dave Portnoy vs The World, Extreme Body Monitoring, The Future of Apparel Retail, "How Much is Anthony Pompliano Worth?", and More • How Mr Beast Got 100M Views in Less Than 4 Days, The $25M Chrome Extension, and More

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Episode
How Raoul Pal 10X-ed His Money with Crypto and Retired to the Beach
Podcast
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The speaker tweeted a thread on his advice about trading during global events, adding that having an edge trading against headlines from major media outlets is unlikely.

Episode
How Raoul Pal 10X-ed His Money with Crypto and Retired to the Beach
Podcast
My First Million
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Entrepreneurship
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The podcast has over a million downloads per month, where listeners who want to start a business but haven't yet, listen to conversations about business, while others talk about their success in one game and exiting the rat race, enjoying gatherings with family and friends, eating good food and drinking wine.

Episode
How Raoul Pal 10X-ed His Money with Crypto and Retired to the Beach
Podcast
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Episode
How Raoul Pal 10X-ed His Money with Crypto and Retired to the Beach
Podcast
My First Million
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13:46 - 21:03 (07:17)
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Bitcoin
Summary

Two individuals discuss the origin story of how the mind virus of crypto led one of them to purchase $1000 worth of Bitcoin and the other to analyze different forms of leverage in the financial system.

Episode
How Raoul Pal 10X-ed His Money with Crypto and Retired to the Beach
Podcast
My First Million
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21:03 - 27:32 (06:29)
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Charts, Business, Finance
Summary

Charts are often viewed with skepticism due to their lack of human emotion and speculation, but they can still be useful in predicting market trends and identifying opportunities in volatile assets such as copper and lumber when central banks print more money.

Episode
How Raoul Pal 10X-ed His Money with Crypto and Retired to the Beach
Podcast
My First Million
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27:32 - 31:57 (04:24)
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Money Network
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The money network has the potential to be worth a lot due to its network effect and early adoption. Looking at Web 3 as a network of engineering talent provides an example of how valuable networks can be.

Episode
How Raoul Pal 10X-ed His Money with Crypto and Retired to the Beach
Podcast
My First Million
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31:57 - 36:28 (04:30)
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Bitcoin
Summary

The speaker talks about the recent trend of institutions buying Bitcoin and the launch of their fund of hedge funds, which allows institutions another way into the market by investing in crypto hedge funds. They also discuss their mental framework for considering Bitcoin as an asset and the importance of the community behind it.

Episode
How Raoul Pal 10X-ed His Money with Crypto and Retired to the Beach
Podcast
My First Million
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Cryptocurrency
Summary

In this episode, the speaker talks about the decision to choose between a fixed yield or to keep holding onto Bitcoin.

Episode
How Raoul Pal 10X-ed His Money with Crypto and Retired to the Beach
Podcast
My First Million
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Smart Contracts
Summary

Smart contracts attached to a blockchain now enable any contract to be digitized, which can be groundbreaking for the value of digital assets. The new technology has the potential to solve contract problems in the digital world.

Episode
How Raoul Pal 10X-ed His Money with Crypto and Retired to the Beach
Podcast
My First Million
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43:05 - 49:46 (06:41)
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Music
Summary

The music industry has been transformed by technology and the elimination of middlemen, which has allowed artists to have more control over their music and engage directly with fans through exclusive content and experiences.

Episode
How Raoul Pal 10X-ed His Money with Crypto and Retired to the Beach
Podcast
My First Million
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49:46 - 52:26 (02:39)
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Summary

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Episode
How Raoul Pal 10X-ed His Money with Crypto and Retired to the Beach
Podcast
My First Million
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52:26 - 53:02 (00:36)
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Crypto
Summary

Real Vision has a free crypto channel, realvisioncrypto.com, featuring interviews with industry leaders covering various topics such as social tokens, music, macro, and more.

Episode
How Raoul Pal 10X-ed His Money with Crypto and Retired to the Beach
Podcast
My First Million