Blockchain News

One Crypto Sector Set To Disrupt Entire Financial System and Global Business Models, Says Macro Guru Raoul Pal

Macro analyst and Real Vision CEO Raoul Pal believes one particular sector of crypto will restructure finance and global business operations.

In a new interview on Real Vision, Pal makes the case for non-fungible tokens (NFTs), claiming that the breakthrough of tokenizing real-world assets will completely reshape the way we conduct business.

 

“Basically, I have for a long time been talking about [how] we can tokenize everything conceptually. NFTs were the breakthrough. That was the token that you can tokenize anything on… 

What does this all mean? It basically means the breakthrough has been made to attach intellectual property, or physical assets, or digital assets, to a blockchain in a method that is transferable, instantaneously, to anybody, and storable, and proven in its store.

So, using that, you can limit scarcity and also imply smart contracts. So the multiple uses of this are, almost – we can’t think them through. It’ll change everything from the insurance business to the real estate business. It’ll probably change everything from how we notarize things, to the art world, to the music world, to how businesses are built using community tokens, which are basically a variation of NFTs.”

Pal highlights that the nascent crypto sector is showing massive potential to change the financial markets

“This is going to really break everything. I think the securities market will be attached to tokens, NFTs. I think we will find all financial instruments will go that way, because why? We can settle instantaneously, we can trade 24 hours a day, and it doesn’t cost anything to do it.”

The macro guru adds that while everyone thinks decentralized finance (DeFi) is the big breakthrough, Pal is less excited by DeFi, and believes the NFT space is where the true innovation lies. 

“When I look at NFTs, that’s when I get really excited. And again, I’m not talking about collectibles. I’m not really interested in that market, other people are, and it’s very interesting, but it’s not for me. What I’m interested in is a disruption of global business models, supply chains, and all of the things that can come with NFTs, and a change in the entire financial system that could be attached to this technology.” 

I



Follow us on Twitter,

Surf The Daily Hodl Mix
 

Featured Image: Shutterstock/Vladimir Sazonov/Alejo Miranda

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button