Challenging the Exponential Age Thesis

Published on
May 21st, 2021
94 minutes

Understanding Transformational Technology and the Future of DeFi

Challenging the Exponential Age Thesis

Featuring Raoul Pal and R. Martin Chavez

Published on: May 21st, 2021 • Duration: 94 minutes

Real Vision co-founder and CEO Raoul Pal welcomes R. Martin Chavez, vice chairman and partner of Sixth Street Partners, for a wide-ranging conversation in which they discuss their differing perspectives relating to Raoul's thesis on The Exponential Age. Chavez shares his background from his PhD studies in medical information sciences at Stanford to working at Goldman Sachs where he served a variety of roles including chief information officer and chief financial officer. In particular, Pal and Chavez debate their exceptions on the ways in which the ever-increasing digitization of the eco-system will or will not change the world for better or worse. Filmed May 18th, 2021. To continue the discussion with fellow Real Vision members on this interview, click here to visit the Exchange: Key Learnings: Chavez believes that the digitization of currency will not occur through the adoption of stable coins but rather through the federal government creating their own digital dollar. Furthermore, Chavez expresses skepticism about the supposedly positive implications of increased retail investors entering the space through easy-to-trade apps like Robinhood as well as crowd-sourcing investment ideas across social media platforms. Ultimately, Pal and Chavez both agree that the next decade will be bring about revolutionary change through the rapidly accelerating pace of blockchain technology, but volatility and risk will be a feature of the space for the foreseeable future.