Raoul Pal: The Journey Man

Latest Episodes:

The Future Economy is Decentralized ft. Sandy Kaul Jul 17, 2025

Show notes

🔥 *Get free access to Real Vision:* https://rvtv.io/3Y4t5Pw. On the latest Journey Man, Raoul welcomes Sandy Kaul, head of innovation at Franklin Templeton, to discuss how a traditional firm like hers is preparing for the on-chain world, and how the future economy and the world of investing could be upended. Recorded on July 1, 2025. 📣 This episode is brought to you by Figure, the platform to Earn and Borrow. Need liquidity without selling your crypto? Figure offers Crypto-Backed Loans, allowing you to borrow against your Bitcoin or Ethereum with 12-month terms and no prepayment penalties. They have the lowest rates in the industry at 9.9%, allowing you to access instant cash or buy more Bitcoin without triggering a tax event. You can always see your BTC ownership in your FM account and verify holdings in your personal BTC vault onchain. Unlock your crypto’s potential today. Visit their app to apply for a Crypto Backed Loan today https://figuremarkets.onelink.me/Plnq/2uhuytay 📣 This episode is brought to you by Axelar, a decentralized network and development platform securely connecting the world’s blockchains and financial infrastructure. Its secure, programmable multichain product stack enables seamless interoperability across Web3, critical for the next wave of institutional-grade use cases. With backing from top-tier investors including Dragonfly, Polychain, Binance Labs, and Coinbase Ventures, Axelar is enabling the next generation of financial infrastructure: from multichain stablecoins to tokenized real-world assets (RWAs), built with security, compliance, and enterprise scale in mind. To learn more, visit https://realvision.com/axelar or follow on X @axelar. 📣 VeChain has been delivering real-world blockchain utility since 2015, long before the hype. From powering supply chains and carbon tracking to food safety and enterprise tools, its protocol is proven, scalable, and trusted. The next phase has already landed: Stargate - VeChain’s new staking program. To read more, visit: https://www.stargate.vechain.org 📣 Bitwise has been all-in on crypto since 2017 and has more than 20 crypto-based products to help investors get the access they need. Bitwise manages the world’s largest crypto index fund, one of the top Bitcoin ETFs, and one of the largest institutional Ethereum staking solutions. Check out Bitwise at https://bitwiseinvestments.com and let them know that Real Vision mentioned them. Carefully consider the extreme risks associated with crypto before investing. 📣 Ledn is the leading platform for Bitcoin-backed loans, offering a secure and transparent way to unlock liquidity without selling your Bitcoin. Since 2018, Ledn has issued over $9 billion in loans and has never lost a single satoshi of client assets—setting the gold standard for responsible lending in the crypto space. Visit https://ledn.io to learn more. 📣 Arch Public: It’s a hedge fund in your pocket. Built for retail traders, designed to outperform Wall Street. Arch Public has released a groundbreaking algorithm for SUI on Kraken; turning volatility into extraordinary returns that include both cash yield and asset accumulation. Here are the raw numbers: CAGR 42% Cash Yield 97%. Try it for free at https://realvision.com/arch Unlock the potential to showcase your brand to our global audience. Contact us at partnerships@realvision.com for advertising inquiries.

Learn more about your ad choices. Visit podcastchoices.com/adchoices

Forward Guidance w/ Felix Jauvin: The Biggest Trade No One Sees Yet ft. Raoul Pal & Julien Bittel Jul 17, 2025

Show notes

🔥 Get free access to Real Vision: https://rvtv.io/3Y4t5Pw. Raoul Pal & Julien Bittel join Forward Guidance to break down the “Everything Code”—a radical macro framework explaining why debt, demographics, and liquidity now drive everything in markets. From asset debasement to why diversification is gone, they unpack how fiat is losing purchasing power at 8% a year, why crypto and tech are the only assets that matter, and what the looming economic singularity means for your future. Connect & Follow Felix & Forward Guidance: Felix: https://x.com/fejau_inc Forward Guidance YT: https://twitter.com/ForwardGuidance Blockworks: https://twitter.com/Blockworks_ 📣 This episode is brought to you by Figure, the platform to Earn and Borrow. Need liquidity without selling your crypto? Figure offers Crypto-Backed Loans, allowing you to borrow against your Bitcoin or Ethereum with 12-month terms and no prepayment penalties. They have the lowest rates in the industry at 9.9%, allowing you to access instant cash or buy more Bitcoin without triggering a tax event. You can always see your BTC ownership in your FM account and verify holdings in your personal BTC vault on chain. 👉 Unlock your crypto’s potential today. Visit their app to apply for a Crypto Backed Loan today https://figuremarkets.onelink.me/Plnq/2uhuytay 📣 This episode is brought to you by Axelar, a decentralized network and development platform securely connecting the world’s blockchains and financial infrastructure. Its secure, programmable multichain product stack enables seamless interoperability across Web3, critical for the next wave of institutional-grade use cases. 👉 To learn more, visit https://realvision.com/axelar or follow on X @axelar. 📣 VeChain has been delivering real-world blockchain utility since 2015, long before the hype. From powering supply chains and carbon tracking to food safety and enterprise tools, its protocol is proven, scalable, and trusted. Now, it enters a new era: “VeChain Renaissance”, powered by the VeBetter ecosystem and an ambitious technical roadmap. The next phase has already landed: Stargate - VeChain’s new staking program. 👉 To read more, visit: https://www.stargate.vechain.org 📣 Bitwise has been all-in on crypto since 2017 and has more than 20 crypto-based products to help investors get the access they need. Bitwise manages the world’s largest crypto index fund, one of the top Bitcoin ETFs, and one of the largest institutional Ethereum staking solutions. 👉 *Check out Bitwise at https://bitwiseinvestments.com and let them know that Real Vision mentioned them*. Carefully consider the extreme risks associated with crypto before investing. 📣 Ledn is the leading platform for Bitcoin-backed loans, offering a secure and transparent way to unlock liquidity without selling your Bitcoin. Since 2018, Ledn has issued over $9 billion in loans and has never lost a single satoshi of client assets—setting the gold standard for responsible lending in the crypto space. And, Ledn doesn’t just talk security—they prove it. Ledn offers Proof-of-Reserves reports, verified by a top accounting firm, every six months. 👉 Visit https://ledn.io to learn more.

👉 Arch Public: It’s a hedge fund in your pocket. Built for retail traders, designed to outperform Wall Street. Arch Public has released a groundbreaking algorithm for SUI on Kraken; turning volatility into extraordinary returns that include both cash yield and asset accumulation. Here are the raw numbers: CAGR 42% Cash Yield 97%. Try it for free at https://realvision.com/arch

📣 Today’s sponsor is Plus500 US. Take your trading to the next level with cross-market contracts, from precious metals to key indices, and more. 👉 Get started with Plus500 for as little as $100 at ⁠https://us.plus500.com⁠ Unlock the potential to showcase your brand to our global audience. Contact us at partnerships@realvision.com for advertising inquiries.

Learn more about your ad choices. Visit podcastchoices.com/adchoices

AI Agents Are Coming For Your Job (Fast!) ft. Jordi Visser Jul 10, 2025

Show notes

🔥 *Get free access to Real Vision:* https://rvtv.io/3Y4t5Pw. Raoul Pal welcomes Jordi Visser, founder and chief strategist at Visser Labs, to break down why everyone is still stuck in the old economy and why truly understanding AI means immersing yourself in it. Recorded on June 30, 2025.

📣 This episode is brought to you by Figure, the platform to Earn and Borrow. Need liquidity without selling your crypto? Figure offers Crypto-Backed Loans, allowing you to borrow against your Bitcoin or Ethereum with 12-month terms and no prepayment penalties. They have the lowest rates in the industry at 9.9%, allowing you to access instant cash or buy more Bitcoin without triggering a tax event. You can always see your BTC ownership in your FM account and verify holdings in your personal BTC vault on chain. 👉 Unlock your crypto’s potential today. Visit their app to apply for a Crypto Backed Loan today https://figuremarkets.onelink.me/Plnq/2uhuytay

📣 *This episode is brought to you by Axelar, a decentralized network and development platform securely connecting the world’s blockchains and financial infrastructure. Its secure, programmable multichain product stack enables seamless interoperability across Web3 — critical for the next wave of institutional-grade use cases. To learn more, visit ⁠⁠https://realvision.com/axelar⁠⁠ or follow on X @axelar.

📣 *This episode is brought to you by VeChain. VeChain has been delivering real-world blockchain utility since 2015, long before the hype. From powering supply chains and carbon tracking to food safety and enterprise tools, its protocol is proven, scalable, and trusted. Now, it enters a new era: “VeChain Renaissance”, powered by the VeBetter ecosystem and an ambitious technical roadmap.With modular upgrades, performance boosts, and the introduction of VeBetterDAO, VeChain is embracing open participation, while keeping the enterprise-grade reliability it’s known for.The next phase has already landed: Stargate - VeChain’s new staking program. 👉 To read more, visit: ⁠https://www.stargate.vechain.org⁠

📣 *This episode is brought to you by Bitwise Asset Management*. Bitwise manages the world’s largest crypto index fund, one of the top Bitcoin ETFs, and one of the largest institutional Ethereum staking solutions. *Check out Bitwise at ⁠⁠https://bitwiseinvestments.com⁠⁠ and let them know that Real Vision mentioned them*. Carefully consider the extreme risks associated with crypto before investing.

📣 *This show is sponsored by Ledn.* Ledn is the leading platform for Bitcoin-backed loans, offering a secure and transparent way to unlock liquidity without selling your Bitcoin. Since 2018, Ledn has issued over $9 billion in loans and has never lost a single satoshi of client assets—setting the gold standard for responsible lending in the crypto space. And, Ledn doesn’t just talk security—they prove it. Visit ⁠⁠https://ledn.io⁠⁠ to learn more.

📣 Today’s sponsor is Plus500 US. Take your trading to the next level with cross-market contracts, from precious metals to key indices, and more. Whether you’re a seasoned trader in the Futures arena or brand new, Plus500’s user-friendly trading platform offers you the advanced tools, market insights, and quick execution you’ve been looking for. 👉 Get started with Plus500 for as little as $100 at ⁠https://us.plus500.com⁠ Trading in futures involves the risk of loss.

👉 Unlock the potential to showcase your brand to our global audience. Contact us at partnerships@realvision.com for advertising inquiries. Connect with me: Twitter (X): https://twitter.com/RaoulGMI Instagram: https://www.instagram.com/raoulgmi/ LinkedIn: https://www.linkedin.com/in/raoul-pal-real-vision/ Disclaimer: https://media.realvision.com/wp/20231004185303/Disclaimer-1.pdf

Learn more about your ad choices. Visit podcastchoices.com/adchoices

Wen Banana Zone? - Drinks With Raoul Pal (Round 17) Jul 04, 2025

Show notes

🔥 *Join Real Vision for FREE to access the Q&A part of the show:* https://rvtv.io/3Y4t5Pw. Raoul talks current price action, Banana Zone status, and how to zoom out. Round 17 of Drinks with Raoul is here — time to dive deep. Raoul Pal, CEO & Co-Founder of Real Vision, will analyze today’s price movements and revisit the Banana Zone’s current outlook. More importantly, he unpacks the challenge so many face: how to zoom out to see the long-term macro picture amid short-term noise. Expect his signature blend of candid insight, midcurving humor, wine commentary, and alpha-packed analysis. Grab your drink and tune in live…! 📣 *This episode is brought to you by Figure, the platform to Earn and Borrow.* Need liquidity without selling your crypto? Figure offers Crypto-Backed Loans, allowing you to borrow against your Bitcoin or Ethereum with 3-month terms and no prepayment penalties. They have the lowest rates in the industry at 9.9%, allowing you to access instant cash or buy more Bitcoin without triggering a tax event. Unlock your crypto’s potential today. 👉 Visit https://figure.com/realvision to apply for a Crypto Backed Loan today! Figure Lending LLC dba Figure. Equal Opportunity Lender. NMLS 1717824. Terms and conditions apply. Visit https://figure.com for more information. 👉 Unlock your crypto’s potential today—use this link to apply for a Crypto Backed Loan today! https://figure.com/realvision Unlock the potential to showcase your brand to our global audience. Contact us at partnerships@realvision.com for advertising inquiries. Connect with me: Twitter (X): https://twitter.com/RaoulGMI Instagram: https://www.instagram.com/raoulgmi/ LinkedIn: https://www.linkedin.com/in/raoul-pal-real-vision/ My other work: Real Vision: https://rvtv.io/3LHYIaH Global Macro Investor: https://globalmacroinvestor.com The Exponentiliast https://realvision/thefuture EXPAAM: https://expaam.com Disclaimer: https://media.realvision.com/wp/20231004185303/Disclaimer-1.pdf

Learn more about your ad choices. Visit podcastchoices.com/adchoices

The Coming Explosion in Stablecoins: Trillions Will Be Tokenized Jul 03, 2025

Show notes

In this wide-ranging conversation, Raoul speaks with Paxos Co-Founder and CEO, Charles Cascarilla, about the evolution of crypto infrastructure, from the early days of Bitcoin mining and blockchain innovation to today's stablecoin landscape. Cascarilla outlines how Paxos is building the neutral, secure infrastructure needed to modernize the global financial system. Recorded on June 25, 2025. 📣 *This episode is brought to you by Figure, the platform to Earn and Borrow.* Need liquidity without selling your crypto? Figure offers Crypto-Backed Loans, allowing you to borrow against your Bitcoin or Ethereum with 3-month terms and no prepayment penalties. They have the lowest rates in the industry at 9.9%, allowing you to access instant cash or buy more Bitcoin without triggering a tax event. Visit ⁠https://figure.com/realvision⁠ to apply for a Crypto Backed Loan today! Figure Lending LLC dba Figure. Equal Opportunity Lender. NMLS 1717824. Terms and conditions apply.

📣 *This episode is brought to you by Axelar, a decentralized network and development platform securely connecting the world’s blockchains and financial infrastructure. Its secure, programmable multichain product stack enables seamless interoperability across Web3 — critical for the next wave of institutional-grade use cases. To learn more, visit ⁠https://realvision.com/axelar⁠ or follow on X @axelar.

📣 *This episode is brought to you by Bitwise Asset Management*. Bitwise manages the world’s largest crypto index fund, one of the top Bitcoin ETFs, and one of the largest institutional Ethereum staking solutions. *Check out Bitwise at ⁠https://bitwiseinvestments.com⁠ and let them know that Real Vision mentioned them*. Carefully consider the extreme risks associated with crypto before investing.

👉 Get started with Plus500 for as little as $100 at https://us.plus500.com Trading in futures involves the risk of loss.

Unlock the potential to showcase your brand to our global audience. Contact us at partnerships@realvision.com for advertising inquiries.

Learn more about your ad choices. Visit podcastchoices.com/adchoices

June 2025: Raoul Pal The Journey Man's Monthly Recap Jun 29, 2025

Show notes

🔥 *Get free access to Real Vision and get the tools, alpha, and community you need to superpower your financial future:* https://rvtv.io/3Y4t5Pw. Join us as we revisit the best moments from The Journey Man throughout May. From deep macro insights to bold crypto predictions and breakthrough tech trends, Raoul Pal takes us on a thought-provoking ride across seven standout episodes: ⚪ Julien Bittel https://youtu.be/k0ljkkVWaqA ⚪ Manny Stotz: https://youtu.be/VhZxXIqoRUw ⚪ Jamie Coutts: https://youtu.be/BbIxTIpPjtg Timestamps: 00:00 Intro 00:39 Market-access & governance hurdles 01:49 Digital stores of value → poverty reduction 03:07 Global M2 & USD setup for correction 04:15 Easing financial conditions ahead 04:52 Dollar wave 3 count → correction signal 05:56 Phase 2 vs Phase 3 dollar cycle explained 06:28 Liquidity cycles & BTC sensitivity 07:29 April M2 breakout → BTC +40% rally 09:11 Introducing global-liquidity risk score 11:29 Layer in leverage & unrealized-profit risk

🔥 Arch Public: It’s a hedge fund in your pocket. Built for retail traders, designed to outperform Wall Street. Try it for free: https://realvision.com/arch

👉 Get started with Plus500 for as little as $100 at https://us.plus500.com. Trading in futures involves the risk of loss.

⬜ Take control of your data and keep your private life private by signing up for DeleteMe. Now at a special discount for our listeners.

⬜ Today get TWENTY PERCENT off your DeleteMe plan by texting VISION to 64000. The only way to get twenty percent off is to text VISION to 64000. That’s VISION to 64000. Message and data rates may apply.

Unlock the potential to showcase your brand to our global audience. Contact us at partnerships@realvision.com for advertising inquiries. 🍌 Get your Banana Zone swag at the Real Vision merch store: https://shop.realvision.com Connect with me: Twitter (X): https://twitter.com/RaoulGMI Instagram: https://www.instagram.com/raoulgmi/ LinkedIn: https://www.linkedin.com/in/raoul-pal-real-vision/ My other work: Real Vision: https://rvtv.io/3LHYIaH Global Macro Investor: https://globalmacroinvestor.com The Exponentialist: https://realvision.com/thefuture EXPAAM: https://expaam.com Connect with Real Vision™: Twitter: https://rvtv.io/twitter Instagram: https://rvtv.io/instagram Get a FREE membership: https://rvtv.io/3Y4t5Pw Disclaimer: https://media.realvision.com/wp/20231004185303/Disclaimer-1.pdf

Learn more about your ad choices. Visit podcastchoices.com/adchoices

Real Vision Classic: When Michael Saylor Decided To Go ALL-IN on Bitcoin (2020) Jun 26, 2025

Show notes

As a special treat for the audience, Raoul has decided to rerelease this chat with Michael Saylor, executive chairman of MicroStrategy, from September of 2020. Despite its age, this chat is as relevant today as it was five years ago. Raoul and Michael discuss the history of Bitcoin, Michael's journey to adopting it on the balance sheet, why more companies should follow suit, and much more. Recorded on September 18, 2020. 📣 *This episode is brought to you by Figure, the platform to Earn and Borrow.* Need liquidity without selling your crypto? Figure offers Crypto-Backed Loans, allowing you to borrow against your Bitcoin or Ethereum with 3-month terms and no prepayment penalties. They have the lowest rates in the industry at 9.9%, allowing you to access instant cash or buy more Bitcoin without triggering a tax event. Visit https://figure.com/realvision to apply for a Crypto Backed Loan today! Figure Lending LLC dba Figure. Equal Opportunity Lender. NMLS 1717824. Terms and conditions apply. Visit figure.com for more information.

📣 *This episode is brought to you by Axelar, a decentralized network and development platform securely connecting the world’s blockchains and financial infrastructure. Its secure, programmable multichain product stack enables seamless interoperability across Web3 — critical for the next wave of institutional-grade use cases. To learn more, visit https://realvision.com/axelar or follow on X @axelar.

📣 *This episode is brought to you by VeChain. VeChain enters a bold new phase: The VeChain Renaissance. With modular upgrades, performance boosts and the introduction of VeBetterDAO, VeChain is rebuilding to embrace open participation, while keeping the enterprise-grade reliability it’s known for. The future is here and it’s evolving with purpose. The VeChain Renaissance has landed. Discover more at https://www.realvision.com/vechain.

📣 *This episode is brought to you by Bitwise Asset Management*. Bitwise manages the world’s largest crypto index fund, one of the top Bitcoin ETFs, and one of the largest institutional Ethereum staking solutions. *Check out Bitwise at https://bitwiseinvestments.com and let them know that Real Vision mentioned them*. Carefully consider the extreme risks associated with crypto before investing.

Unlock the potential to showcase your brand to our global audience. Contact us at partnerships@realvision.com for advertising inquiries.

Learn more about your ad choices. Visit podcastchoices.com/adchoices

Banana Zone Data Secrets REVEALED by Jamie Coutts Jun 19, 2025

Show notes

🔥 *Last Chance For 3 Months Free Ends Tomorrow:* https://rvtv.io/4mSXQAT Raoul Pal welcomes Real Vision chief crypto analyst Jamie Coutts to answer the question on everyone's minds: “Are we finally about to enter the Banana Zone?” Jamie's bottom-top analysis is the perfect compliment to Raoul's top-bottom approach, so you get two different perspectives on where we are in the crypto cycle. A must-watch if you are feeling anxious about the markets. Recorded on June 12, 2025. 🍌 Get your Banana Zone swag at the Real Vision merch store: https://shop.realvision.com 📣 *This episode is brought to you by Figure, the platform to Earn and Borrow.* Need liquidity without selling your crypto? Figure offers Crypto-Backed Loans, allowing you to borrow against your Bitcoin or Ethereum with 3-month terms and no prepayment penalties. They have the lowest rates in the industry at 9.9%, allowing you to access instant cash or buy more Bitcoin without triggering a tax event. Unlock your crypto’s potential today. 👉 Visit https://figure.com/realvision to apply for a Crypto Backed Loan today! Figure Lending LLC dba Figure. Equal Opportunity Lender. NMLS 1717824. Terms and conditions apply. Visit figure.com for more information. 📣 *This episode is brought to you by Bitwise Asset Management*. Bitwise has been all-in on crypto since 2017 and has more than 20 crypto-based products to help investors get the access they need. Bitwise manages the world’s largest crypto index fund, one of the top Bitcoin ETFs, and one of the largest institutional Ethereum staking solutions. Bitwise has over $10 billion in assets under management and over 100 people in the US and Europe to help manage everything from ETFs to private alpha strategies to SMAs for large investors. 👉 *Check out Bitwise at https://bitwiseinvestments.com and let them know that Real Vision mentioned them*. Carefully consider the extreme risks associated with crypto before investing. 📣 *This show is sponsored by Ledn.* Ledn is the leading platform for Bitcoin-backed loans, offering a secure and transparent way to unlock liquidity without selling your Bitcoin. Since 2018, Ledn has issued over $9 billion in loans and has never lost a single satoshi of client assets—setting the gold standard for responsible lending in the crypto space. Here’s what makes Ledn loans different: ✅ With Custodied loans, collateral is not lent out to generate interest. ✅ No credit checks ✅ Funds in less than 12 hours ✅ No monthly payments ✅ Repay whenever you want—with zero penalties And, Ledn doesn’t just talk security—they prove it. Ledn offers Proof-of-Reserves reports, verified by a top accounting firm, every six months. Whether you're covering expenses, investing, or simply holding for the long run, Ledn helps you make the most of your Bitcoin—without giving it up. 👉 Visit https://ledn.io to learn more.

📣 Today’s sponsor is Plus500 US. Take your trading to the next level with cross-market contracts, from precious metals to key indices, and more. Whether you’re a seasoned trader in the Futures arena or brand new, Plus500’s user-friendly trading platform offers you the advanced tools, market insights, and quick execution you’ve been looking for. 👉 Get started with Plus500 for as little as $100 at https://us.plus500.com. Trading in futures involves the risk of loss.

⬜ Take control of your data and keep your private life private by signing up for DeleteMe. Now at a special discount for our listeners.

Learn more about your ad choices. Visit podcastchoices.com/adchoices

Real Vision Alpha SNEAK PEEK: Shooting the Sh!t with Raoul Pal & Julien Bittel Jun 12, 2025

Show notes

🔥 Get 3 months of RV free when you upgrade to an annual membership here: https://rvtv.io/4mSXQAT.

Here's a sneak peek at one of our most popular shows... This week on The Journey Man, we've unlocked an exclusive episode of one of our audience's favorite shows: Shooting the Sh*t with Raoul Pal and Julien Bittel. Twice a month for RV Alpha members, Raoul and Julien get together to discuss the latest developments in macro, the charts they're watching most closely, where risk assets are headed, and much more. Recorded on May 29, 2025. 📣 This episode is brought to you by Figure, the platform to Earn and Borrow. Need liquidity without selling your crypto? Figure offers Crypto-Backed Loans, allowing you to borrow against your Bitcoin or Ethereum with 3-month terms and no prepayment penalties. They have the lowest rates in the industry at 9.9%, allowing you to access instant cash or buy more Bitcoin without triggering a tax event. Unlock your crypto’s potential today. 👉 Visit https://figure.com/realvision to apply for a Crypto Backed Loan today! Figure Lending LLC dba Figure. Equal Opportunity Lender. NMLS 1717824. Terms and conditions apply. Visit figure.com for more information. 📣 This episode is brought to you by Bitwise Asset Management. Bitwise has been all-in on crypto since 2017 and has more than 20 crypto-based products to help investors get the access they need. Bitwise manages the world’s largest crypto index fund, one of the top Bitcoin ETFs, and one of the largest institutional Ethereum staking solutions. Bitwise has over $10 billion in assets under management and over 100 people in the US and Europe to help manage everything from ETFs to private alpha strategies to SMAs for large investors. 👉 Check out Bitwise at https://bitwiseinvestments.com and let them know that Real Vision mentioned them. Carefully consider the extreme risks associated with crypto before investing. 📣 This show is sponsored by Ledn. Ledn is the leading platform for Bitcoin-backed loans, offering a secure and transparent way to unlock liquidity without selling your Bitcoin. Since 2018, Ledn has issued over $9 billion in loans and has never lost a single satoshi of client assets—setting the gold standard for responsible lending in the crypto space. Here’s what makes Ledn loans different: ✅ With Custodied loans, collateral is not lent out to generate interest. ✅ No credit checks ✅ Funds in less than 12 hours ✅ No monthly payments ✅ Repay whenever you want—with zero penalties And, Ledn doesn’t just talk security—they prove it. Ledn offers Proof-of-Reserves reports, verified by a top accounting firm, every six months. Whether you're covering expenses, investing, or simply holding for the long run, Ledn helps you make the most of your Bitcoin—without giving it up. 👉 Visit https://ledn.io to learn more. 📣 This episode comes to you thanks to Arch Public: It’s a hedge fund in your pocket. Built for retail traders, designed to outperform Wall Street. 👉 Download our FREE Bitcoin Algorithm right now at https://realvision.com/arch

👉 Get started with Plus500 for as little as $100 at https://us.plus500.com. Trading in futures involves the risk of loss.

📣 Take control of your data and keep your private life private by signing up for DeleteMe. Now at a special discount for our listeners.

👉 Today, get TWENTY PERCENT off your DeleteMe plan by texting VISION to 64000. The only way to get twenty percent off is to text VISION to 64000. That’s VISION to 64000. Message and data rates may apply.

Learn more about your ad choices. Visit podcastchoices.com/adchoices

Inside Telegram’s Plan to Bank 3 Billion People ft. Manuel Stotz from the TON Foundation Jun 05, 2025

Show notes

Raoul Pal welcomes Manuel Stotz, president of the TON Foundation, to discuss his journey from Goldman Sachs to TON, a blockchain built on Telegram's massive user base. Raoul and Manuel explore how TON aims to create a new digital financial ecosystem by leveraging Telegram’s distribution and targeting real-world use cases, such as remittances, gaming, and stablecoins. Recorded on June 3, 2025 📣 *This episode is brought to you by Figure, the platform to Earn and Borrow.* Need liquidity without selling your crypto? Figure offers Crypto-Backed Loans, allowing you to borrow against your Bitcoin or Ethereum with 3-month terms and no prepayment penalties. They have the lowest rates in the industry at 9.9%, allowing you to access instant cash or buy more Bitcoin without triggering a tax event. Unlock your crypto’s potential today. 👉 Visit https://figure.com/realvision to apply for a Crypto Backed Loan today! Figure Lending LLC dba Figure. Equal Opportunity Lender. NMLS 1717824. Terms and conditions apply. Visit figure.com for more information. 📣 *This episode is brought to you by Bitwise Asset Management*. Bitwise has been all-in on crypto since 2017 and has more than 20 crypto-based products to help investors get the access they need. Bitwise manages the world’s largest crypto index fund, one of the top Bitcoin ETFs, and one of the largest institutional Ethereum staking solutions. Bitwise has over $10 billion in assets under management and over 100 people in the US and Europe to help manage everything from ETFs to private alpha strategies to SMAs for large investors. 👉 *Check out Bitwise at https://bitwiseinvestments.com and let them know that Real Vision mentioned them*. Carefully consider the extreme risks associated with crypto before investing. 📣 *This show is sponsored by Ledn.* Ledn is the leading platform for Bitcoin-backed loans, offering a secure and transparent way to unlock liquidity without selling your Bitcoin. Since 2018, Ledn has issued over $9 billion in loans and has never lost a single satoshi of client assets—setting the gold standard for responsible lending in the crypto space. Here’s what makes Ledn loans different: ✅ With Custodied loans, collateral is not lent out to generate interest. ✅ No credit checks ✅ Funds in less than 12 hours ✅ No monthly payments ✅ Repay whenever you want—with zero penalties And, Ledn doesn’t just talk security—they prove it. Ledn offers Proof-of-Reserves reports, verified by a top accounting firm, every six months. Whether you're covering expenses, investing, or simply holding for the long run, Ledn helps you make the most of your Bitcoin—without giving it up. 👉 Visit https://ledn.io to learn more. 👉 Take control of your data and keep your private life private by signing up for DeleteMe. Now, at a special discount for our listeners. Today, get 20% off your DeleteMe plan by texting VISION to 64000. The only way to get twenty percent off is to text VISION to 64000. That’s VISION to 64000. Message and data rates may apply.

📣 *This episode comes to you thanks to Arch Public:* It’s a hedge fund in your pocket. Built for retail traders, designed to outperform Wall Street. 👉 Download our FREE Bitcoin Algorithm right now at https://realvision.com/arch

👉 Get started with Plus500 for as little as $100 at https://us.plus500.com. Trading in futures involves the risk of loss. Unlock the potential to showcase your brand to our global audience. Contact us at partnerships@realvision.com for advertising inquiries. Disclaimer: https://media.realvision.com/wp/20231004185303/Disclaimer-1.pdf

Learn more about your ad choices. Visit podcastchoices.com/adchoices

Our TOPPODCAST Picks

Follow Us

Stay Connected

Raoul Pal: The Journey Man

Related Podcasts

Links

Stay Connected