Investing in Crypto: Why Waiting Too Long Can Cost You Your Lunch According to Raoul Pal

There’s something undeniably captivating about Raoul Pal.

He’s a master Scuba Diver.

Underwater Photographer.

Hypnotist.

And Economic Historian.

Pal’s communication style is crystal clear. He has a talent for transforming complex subjects into something simple to consume.

If you’re reading this, you’re likely one of two kinds of people.

Either you’re already invested in Crypto and have seen the benefits (or down severely). Or you’re still hesitant about it and are holding out.

Whatever your situation and however you feel about the digital asset space, it’s worth considering Raoul Pal’s views on investing in Cryptocurrencies, mainly because he knows his stuff, has plenty of skin in the game, and eating isn’t afraid to eat his cooking.

Pal, now 54, retired at 36 with an estimated net worth of $45 million. He has no incentive to want you to buy Crypto to pump his investments. Even if he did, his views have had zero impact on Cryptocurrency’s market cap.

Pal, well-known as a macroeconomic investor and cryptocurrency advocate, has recently been saying that the technology behind Crypto is unstoppable. If you don’t get some exposure soon, you’ll miss out on the potential rewards, and someone else will eat your lunch.

His central message is that if you don’t wake up and adapt, you’ll get left behind because changes happen, and you need to keep up with it.

Raoul Pal — Source

“This is like having the telephone or the internet, right? It doesn’t matter if you don’t like it, or it goes up and down in price.

It’s irrelevant what you think. The technology genie is out of the bottle, and the technology is not going away. It’s growing at an extraordinary pace.

We’ve already seen California starting to try car documents on the Blockchain.

We’re seeing real estate, and we’re seeing the European Investment Bank using bonds, we’re seeing various countries experimenting with currencies Central Bank digital currencies, we’re seeing it’s at every level.

Hence, everybody’s opinion is irrelevant right now about what they think and where crypto should be, they say oh my God, FTX this, it’s nothing to do with all of that.”

Raoul Pal advocates for blockchain technology to simplify and streamline the Know Your Customer (KYC) documentation process as one use case for blockchain.

He believes the usual way of collecting and confirming KYC information is complex and takes too much time. He mentions that India’s Stack system is an excellent example of how biometric authentication with blockchain technology can replace the traditional KYC process safely and efficiently.

In simple terms, India uses unique physical or behavioural traits, such as fingerprints or facial recognition, to verify a person’s identity.

If we adopt this in blockchain technology, businesses can save on costs, reduce the need for staff, and provide a more satisfying customer experience.

Raoul Pal is saying that all the major networks, such as Google, Facebook, LinkedIn, and Meta, are moving towards blockchain technology.

Raoul Pal — Source

“We can’t navigate this world any longer with KYC.

I have to go to my bank, get a letter, sign it, and find some utility bill — it’s ludicrous.

The whole lot can be done in one second on the Blockchain.

Now, India’s done it. They have an India stack, and you authenticate yourself with your fingerprints or retina scans.

Within that, you can attach what’s known as the India stack, which is all your KYC documentation, including your medical records and university certificates.

You can go into a bank and open a bank account with your fingerprint. You don’t need a wallet, and you don’t need a passport. You don’t need anything because it’s all in there.

They see it all, authenticate it, and are done in seconds.

Now, think of how many staff you can save, the costs you save, and how much happier your customers are if they don’t have to do all this.”

Raoul Pal explains that AI came faster than anyone could have predicted and has completely transformed society.

It has even affected education and what it means to be human. Industries that people thought would not be impacted were the first ones disrupted.

The speed and scale of AI’s impact are enormous, happening at an unprecedented rate.

Raoul Pal — Source

“Look, we’ve just seen this with AI.

We knew it was coming, we all knew it was coming, and then it came in a way that shocked us to our core.

I mean, everybody is like, okay, everything has changed.

Society has changed. We don’t even know what it means for education. We don’t even know what it means to be a human in certain aspects anymore.

The industries we thought wouldn’t be disrupted, the creative industries, were disrupted first, right? So the scale of what is happening in AI and how fast that came was the fastest adoption of any product, in 20 days it went from 0 to 11 million people (ChatGPT).

If you listen to the CEO of Microsoft, he’s saying the same thing about Blockchain. Blockchain will have that moment when something happens.”

Raoul Pal presented web 3.0 to a tough crowd of people in the UK. During his talk, a chief marketing officer from a large UK-based firm called Cryptocurrencies a scam.

Raoul Pal — Source

“At one point, a lady who was a chief marketing officer from a big UK firm in her late 50s stood up and said, ‘This is all a scam, this whole thing is a scam. This is like, you know, this is evil and terrible.’

About 20 people in the room stood up and applauded.

That’s where we are in this space.

The UK is well behind the US.”

Raoul Pal emphasizes the importance of investing in Cryptocurrency as soon as possible. He believes that if you wait too long, you’ll miss the opportunity to make a profit, and someone else will take advantage of it.

So, it would help if you acted quickly to stay ahead in the market.

Raoul Pal — Source

“I don’t know if it’s tomorrow or whether it’s in three years, but if you wait too late, you will not be ready.

And somebody else will eat your lunch, it’s as simple as that.”