Want to create an interactive transcript for this episode?
Podcast: Raoul Pal: The Journey Man
Episode: Could Bitcoin Be the Global Reserve Currency?
Description: Ray Dalio, founder, co-chairman, and co-chief investment officer of Bridgewater Associates, the world’s largest hedge fund, famously noted that global reserve currencies typically last for 100 years or so. If that trend holds, the US dollar is nearing the end of the privileged status it inherited from the British pound. So, what comes next? Greg Foss and Seb Bunney believe it’s Bitcoin. Foss, a strategist at VPC, and Bunney, who advocates at The Looking Glass, argue that the world’s No. 1 cryptocurrency features characteristics necessary to the task. Foss stresses the importance to humanity of a hard asset immune...