Raoul Pal: The Journey Man cover image

Bitcoin, Liquidity, and the Next Crypto Cycle

Raoul Pal: The Journey Man

00:00

Valuing layer ones by density, not DCF

Raoul argues L1 value derives from network density/intensity and developer ecosystem, not discounted cash flows.

Play episode from 14:45
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app