Welcome to "The Exponential Age"
Over the next two weeks, Real Vision will be embarking on a journey to explore the technologies of the future and what opportunities they offer investors. That journey begins today with a conversation between Raoul Pal, Real Vision’s co-founder and CEO, and Ed Harrison, Real Vision’s managing editor. Laying out his thesis, “The Exponential Age,” Raoul argues that the linear progression of asset prices in nominal terms is an illusion, and that when one takes into account the engorged denominator of central bank balance sheets, only by investing in exponential megatrends can investors escape monetary debasement. Raoul contends that these megatrends include not only crypto but also autonomous and electric vehicles, artificial intelligence, digital communities of engagement, and other platforms whose “network effects” allow for exponential growth. Filmed on May 5, 2021.
Key learnings: Raoul argues that the world is at the beginning of a migration to a digitalized economy where innovation will give rise to tremendous change. The Metaverse is in its infancy, he contends, and those who embrace it can adapt.