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#444 Raoul Pal on Bitcoin & The Macro Economy

The Pomp Podcast

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I Belong in No Group, You Can Put No Label on Me

Hedge funds have lost the ability to get volatility and drive hihr vatilry solas cm, into look at a firm like arka. The hedge fund antry has no alpha. There's nothing. It's excess capital, too many machines and restrictions on volatility. So there's massive alpha in that space. You know, everybody calls them ship coins. Nobody wants to be involved, so you do your home work, you can make returns. And then they start understanding about this new world. They're agnostic to tribalism. Because what i hear you saying is it's deffuly not in the traditional assets. It's in this new world of trading.

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