Raoul Pal of Real Vision Finance: ​Is Bitcoin a Hedge Against Inflation? | SALT Talks #102

Raoul Pal is the co-founder of Real Vision Finance, a financial media company offering in-depth video interviews and research publications from the world’s best investors. Bitcoin appeals to three different types of people: Libertarians like its decentralized and anonymous nature; technologists see its potential as an engineering solution to the financial system; early adopter investors identify its value as an uninflatable store of value. Bitcoin serves as a hedge against inflation caused by fiat currency. “What's clever is this money can't be devalued. You can't create more of it. There are only 21 million Bitcoins.” Bitcoin basically amounts to a mathematical formula that guarantees there will never be more than 21 million Bitcoins. The decentralized structure, run on about 10,000 different nodes and recorded on the blockchain, ensures it can never be changed. Bitcoin is the only asset with a completely knowable supply. ————————————————————————— To learn more about this episode, including podcast transcripts and show notes, visit salt.org/talks Moderated by Anthony Scaramucci.