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#444 Raoul Pal on Bitcoin & The Macro Economy

The Pomp Podcast

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Cryptocurrency - The Death of Makro, Trend Accelerates and Becoming Real

Inflation is everything. In an inflationry market, well, bitcoin and gold do well. Deflation is persistent. The economy's worse than expected. We don't get rid of this whole economic mess until c three next year. So the answer to deflation and slow economy is printing of money and more fiscal stimulus. And we all forget this just happen. That's not going to happen, simply not going to happening. Maybe it does, but that's the risk that we all run in the bitcoin position.

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