{"id":439,"date":"2020-10-20T09:52:02","date_gmt":"2020-10-20T08:52:02","guid":{"rendered":"https:\/\/adavault.com\/?p=439"},"modified":"2020-10-26T21:41:25","modified_gmt":"2020-10-26T21:41:25","slug":"the-bitcoin-life-raft","status":"publish","type":"post","link":"https:\/\/dev.adavault.com\/index.php\/2020\/10\/20\/the-bitcoin-life-raft\/","title":{"rendered":"The Bitcoin Life Raft"},"content":{"rendered":"\n<p>Raoul Pal (ex Goldman&#8217;s and CEO of Realvision) knows finance. He makes an interesting case for why BTC will increase in value in the next 5 years. Along the way he touches on important topics of monetary and fiscal policy and how the IMF and Central banks may look to use digital currencies to address some of the issues with the current system.<\/p>\n\n\n\n<p>At ADAvault we also think we will see BTC heading towards a reserve currency role in the mid term (Metcalfe&#8217;s law will help here plus the fact it already performs that role in the crypto space).<\/p>\n\n\n\n<p>However we see a larger role for other cryptos such as Cardano to deliver economic identity and enable access to financial services for the unbanked. There are stronger candidates to provide specific capabilities, for example smart contracts, for reasons explored in other blog posts.<\/p>\n\n\n\n<p>Long but worth watching in full.<\/p>\n\n\n\n<figure class=\"wp-block-embed-youtube wp-block-embed is-type-video is-provider-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"The Bitcoin Life Raft: The End of Monetary &amp; Fiscal Policy As We Know It (w\/ Raoul Pal)\" width=\"700\" height=\"394\" data-src=\"https:\/\/www.youtube.com\/embed\/qL2LfVRl3J0?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" class=\"lazyload\" data-load-mode=\"1\"><\/iframe>\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Raoul Pal (ex Goldman&#8217;s and CEO of Realvision) knows finance. He makes an interesting case for why BTC will increase in value in the next 5 years. Along the way he touches on important topics of monetary and fiscal policy and how the IMF and Central banks may look to use digital currencies to address&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[7],"tags":[21,22,20,23],"class_list":["post-439","post","type-post","status-publish","format-standard","hentry","category-interesting-links","tag-bitcoin","tag-monetary-system","tag-raoul-pal","tag-reserve-currency"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Bitcoin Life Raft - ADAvault<\/title>\n<meta name=\"description\" content=\"The ADAvault blog\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dev.adavault.com\/index.php\/2020\/10\/20\/the-bitcoin-life-raft\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Bitcoin Life Raft - ADAvault\" \/>\n<meta property=\"og:description\" content=\"The ADAvault blog\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dev.adavault.com\/index.php\/2020\/10\/20\/the-bitcoin-life-raft\/\" \/>\n<meta property=\"og:site_name\" content=\"ADAvault\" \/>\n<meta property=\"article:published_time\" content=\"2020-10-20T08:52:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-10-26T21:41:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/dev.adavault.com\/wp-content\/uploads\/2020\/10\/cropped-logo-wp-top-2.png\" \/>\n\t<meta property=\"og:image:width\" content=\"512\" \/>\n\t<meta property=\"og:image:height\" content=\"512\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"webmaster\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@adavaultops\" \/>\n<meta name=\"twitter:site\" content=\"@adavaultops\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"webmaster\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/dev.adavault.com\/index.php\/2020\/10\/20\/the-bitcoin-life-raft\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/dev.adavault.com\/index.php\/2020\/10\/20\/the-bitcoin-life-raft\/\"},\"author\":{\"name\":\"webmaster\",\"@id\":\"https:\/\/dev.adavault.com\/#\/schema\/person\/49b7a35bfadc7aa22c3643a455a1f179\"},\"headline\":\"The Bitcoin Life Raft\",\"datePublished\":\"2020-10-20T08:52:02+00:00\",\"dateModified\":\"2020-10-26T21:41:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/dev.adavault.com\/index.php\/2020\/10\/20\/the-bitcoin-life-raft\/\"},\"wordCount\":163,\"publisher\":{\"@id\":\"https:\/\/dev.adavault.com\/#organization\"},\"keywords\":[\"Bitcoin\",\"Monetary System\",\"Raoul Pal\",\"Reserve Currency\"],\"articleSection\":[\"Interesting links\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/dev.adavault.com\/index.php\/2020\/10\/20\/the-bitcoin-life-raft\/\",\"url\":\"https:\/\/dev.adavault.com\/index.php\/2020\/10\/20\/the-bitcoin-life-raft\/\",\"name\":\"The Bitcoin Life Raft - ADAvault\",\"isPartOf\":{\"@id\":\"https:\/\/dev.adavault.com\/#website\"},\"datePublished\":\"2020-10-20T08:52:02+00:00\",\"dateModified\":\"2020-10-26T21:41:25+00:00\",\"description\":\"The ADAvault blog\",\"breadcrumb\":{\"@id\":\"https:\/\/dev.adavault.com\/index.php\/2020\/10\/20\/the-bitcoin-life-raft\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/dev.adavault.com\/index.php\/2020\/10\/20\/the-bitcoin-life-raft\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/dev.adavault.com\/index.php\/2020\/10\/20\/the-bitcoin-life-raft\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/dev.adavault.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The Bitcoin Life Raft\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/dev.adavault.com\/#website\",\"url\":\"https:\/\/dev.adavault.com\/\",\"name\":\"ADAvault\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/dev.adavault.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/dev.adavault.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/dev.adavault.com\/#organization\",\"name\":\"ADAvault.com\",\"url\":\"https:\/\/dev.adavault.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/dev.adavault.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/dev.adavault.com\/wp-content\/uploads\/2020\/10\/cropped-logo-wp-top-2.png\",\"contentUrl\":\"https:\/\/dev.adavault.com\/wp-content\/uploads\/2020\/10\/cropped-logo-wp-top-2.png\",\"width\":512,\"height\":512,\"caption\":\"ADAvault.com\"},\"image\":{\"@id\":\"https:\/\/dev.adavault.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/x.com\/adavaultops\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/dev.adavault.com\/#\/schema\/person\/49b7a35bfadc7aa22c3643a455a1f179\",\"name\":\"webmaster\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/dev.adavault.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/cab5b4ef880b9b0561c19eeea56044b2fad250d084091ecd4feb7e8faf92d61f?s=96&d=retro&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/cab5b4ef880b9b0561c19eeea56044b2fad250d084091ecd4feb7e8faf92d61f?s=96&d=retro&r=g\",\"caption\":\"webmaster\"},\"sameAs\":[\"https:\/\/adavault.com\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"The Bitcoin Life Raft - ADAvault","description":"The ADAvault blog","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/dev.adavault.com\/index.php\/2020\/10\/20\/the-bitcoin-life-raft\/","og_locale":"en_GB","og_type":"article","og_title":"The Bitcoin Life Raft - ADAvault","og_description":"The ADAvault blog","og_url":"https:\/\/dev.adavault.com\/index.php\/2020\/10\/20\/the-bitcoin-life-raft\/","og_site_name":"ADAvault","article_published_time":"2020-10-20T08:52:02+00:00","article_modified_time":"2020-10-26T21:41:25+00:00","og_image":[{"width":512,"height":512,"url":"https:\/\/dev.adavault.com\/wp-content\/uploads\/2020\/10\/cropped-logo-wp-top-2.png","type":"image\/png"}],"author":"webmaster","twitter_card":"summary_large_image","twitter_creator":"@adavaultops","twitter_site":"@adavaultops","twitter_misc":{"Written by":"webmaster","Estimated reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/dev.adavault.com\/index.php\/2020\/10\/20\/the-bitcoin-life-raft\/#article","isPartOf":{"@id":"https:\/\/dev.adavault.com\/index.php\/2020\/10\/20\/the-bitcoin-life-raft\/"},"author":{"name":"webmaster","@id":"https:\/\/dev.adavault.com\/#\/schema\/person\/49b7a35bfadc7aa22c3643a455a1f179"},"headline":"The Bitcoin Life Raft","datePublished":"2020-10-20T08:52:02+00:00","dateModified":"2020-10-26T21:41:25+00:00","mainEntityOfPage":{"@id":"https:\/\/dev.adavault.com\/index.php\/2020\/10\/20\/the-bitcoin-life-raft\/"},"wordCount":163,"publisher":{"@id":"https:\/\/dev.adavault.com\/#organization"},"keywords":["Bitcoin","Monetary System","Raoul Pal","Reserve Currency"],"articleSection":["Interesting links"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/dev.adavault.com\/index.php\/2020\/10\/20\/the-bitcoin-life-raft\/","url":"https:\/\/dev.adavault.com\/index.php\/2020\/10\/20\/the-bitcoin-life-raft\/","name":"The Bitcoin Life Raft - ADAvault","isPartOf":{"@id":"https:\/\/dev.adavault.com\/#website"},"datePublished":"2020-10-20T08:52:02+00:00","dateModified":"2020-10-26T21:41:25+00:00","description":"The ADAvault blog","breadcrumb":{"@id":"https:\/\/dev.adavault.com\/index.php\/2020\/10\/20\/the-bitcoin-life-raft\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/dev.adavault.com\/index.php\/2020\/10\/20\/the-bitcoin-life-raft\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/dev.adavault.com\/index.php\/2020\/10\/20\/the-bitcoin-life-raft\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/dev.adavault.com\/"},{"@type":"ListItem","position":2,"name":"The Bitcoin Life Raft"}]},{"@type":"WebSite","@id":"https:\/\/dev.adavault.com\/#website","url":"https:\/\/dev.adavault.com\/","name":"ADAvault","description":"","publisher":{"@id":"https:\/\/dev.adavault.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/dev.adavault.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/dev.adavault.com\/#organization","name":"ADAvault.com","url":"https:\/\/dev.adavault.com\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/dev.adavault.com\/#\/schema\/logo\/image\/","url":"https:\/\/dev.adavault.com\/wp-content\/uploads\/2020\/10\/cropped-logo-wp-top-2.png","contentUrl":"https:\/\/dev.adavault.com\/wp-content\/uploads\/2020\/10\/cropped-logo-wp-top-2.png","width":512,"height":512,"caption":"ADAvault.com"},"image":{"@id":"https:\/\/dev.adavault.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/x.com\/adavaultops"]},{"@type":"Person","@id":"https:\/\/dev.adavault.com\/#\/schema\/person\/49b7a35bfadc7aa22c3643a455a1f179","name":"webmaster","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/dev.adavault.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/cab5b4ef880b9b0561c19eeea56044b2fad250d084091ecd4feb7e8faf92d61f?s=96&d=retro&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/cab5b4ef880b9b0561c19eeea56044b2fad250d084091ecd4feb7e8faf92d61f?s=96&d=retro&r=g","caption":"webmaster"},"sameAs":["https:\/\/adavault.com"]}]}},"_links":{"self":[{"href":"https:\/\/dev.adavault.com\/index.php\/wp-json\/wp\/v2\/posts\/439","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dev.adavault.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dev.adavault.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dev.adavault.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dev.adavault.com\/index.php\/wp-json\/wp\/v2\/comments?post=439"}],"version-history":[{"count":7,"href":"https:\/\/dev.adavault.com\/index.php\/wp-json\/wp\/v2\/posts\/439\/revisions"}],"predecessor-version":[{"id":531,"href":"https:\/\/dev.adavault.com\/index.php\/wp-json\/wp\/v2\/posts\/439\/revisions\/531"}],"wp:attachment":[{"href":"https:\/\/dev.adavault.com\/index.php\/wp-json\/wp\/v2\/media?parent=439"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dev.adavault.com\/index.php\/wp-json\/wp\/v2\/categories?post=439"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dev.adavault.com\/index.php\/wp-json\/wp\/v2\/tags?post=439"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}