Raoul Pal LATEST Update On Bitcoin, NFT And Bonds (July 17, 2021)
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Raoul Pal shares his perspective on NFTs’ disruption of the global business model. He also predicts a fall in both bond yields and the US dollar. Here is the summary of his analyses:
The reason so many coins have stayed in the 50 or 52-week resistance is behavioral. People want to buy or sell because a coin’s price is down 50%, so the buyers meet the sellers. This is based on technical analysis using the 50% Fibonacci number. It isn’t certain if the crypto market will have another leg lower before it recovers. Tom, however, thinks there is another sharp sell-off.
NFTs have come to tokenize everything conceptually. This means there is a breakthrough in attaching intellectual property, physical assets, or digital assets to a blockchain in a method that is storable and transferable instantaneously. Using this method can limit scarcity and imply smart contracts.
NFTs will change everything from the insurance business to real estate, the art world, and the music industry. There are five or six megatrends, all converging around NFTs, and this is just the early stage. Soon, the securities market, and indeed, all financial instruments will be attached to tokens. This will enable people to settle transactions instantaneously and trade 24 hours a day with little or no cost.
Tokenization reduces costs, and anybody who has ever set up a fund knows how costly it is. NFTs are disrupting global business models, supply chains, and all related things to NFTs as well as a change of the entire financial system that could be attracted to this technology.
All the tokens that we are used to are fungible because one token equals any other token and you’re happy to exchange it. But non-fungible tokens come with the ability to include a digital fingerprint to make every token unique to enable you to add a very low cost, effectively securitize anything, and create ties to cash flows on anything.
The global derivatives market is so complex that it Is difficult to know who owns an asset. For example, if you write a swap contract and use it as collateral for another one and somebody builds an option using the same platform, the whole thing gets complicated. But with NFTs, each will have its unique address, so we can trade it and know who owns it. So, this makes the world functional.
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Credit: Real Vision Finance (Full unedited video)
Originally Posted: July 17, 2021
Raoul Pal: Takeaways from “After the Hype: Reality Sets in for NFTs”
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