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London Real

Is crypto bigger than the internet? - Raoul Pal.

London Real

Brian Rose

Investing, Business, Technology

4.41.9K Ratings

🗓️ 28 December 2021

⏱️ 3 minutes

🧾️ Download transcript

Summary

Maybe not as big… but as Raoul Pal says 'the whole place is moving in size'... and it's only getting bigger.

Transcript

Click on a timestamp to play from that location

0:00.0

Is this bigger than the internet and funny enough you answered it without me even asking you, but I would guess if you speak to most people in the public and say is

0:09.0

Crypto bigger than the internet even investors they probably say bigger than the internet

0:13.2

I mean that's the biggest thing ever the adoption of the internet, but it's not right?

0:18.1

Is it bigger than the internet? No, not in term

0:21.4

I don't know the part that really the same thing. This is like a hypercharged new version of the internet

0:27.8

But if you think about as investors

0:32.8

You can't the internet was something that you had to make the right bet

0:36.4

It was it going to be or a call was it going to be Juniper?

0:38.9

You know who was the right player?

0:41.1

How did you make the money? Wasn't as easy?

0:44.1

This is actually pretty easy in many respects because a you've got Bitcoin, which is a

0:49.4

Monetary network got a theory and which is basically a platform for all of this and then you've got a bunch of other things that you can invest in

0:56.4

But the whole space is moving in size and it's much easier

1:01.8

Investible than let's say the NASDAQ was in the past you can't quite capture the value of the internet because this is global

1:07.6

You know when you bought you know Juniper networks back in 2000

1:12.0

That was a US firm. Yes, it was global

1:14.2

But you weren't capturing the global value of the internet you had to go and buy a share in all of the internet firms

1:19.0

Here one thing fits all and it is amazing and it yeah, I don't know how big this is going to be

1:26.2

But it's a lot bigger than anybody thinks it is. I would literally it need and it's it'll be the biggest thing in the past 100 years

1:33.6

And maybe the next 100 years this point in time for the next 10 years like you're saying as we go up a three and a

1:40.1

Billion probably you can conservatively say that it'll be the biggest most exponentially growing thing will

1:46.4

Ever see and that is happening at the same time as AI goes mainstream

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