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The likely impending approval of spot bitcoin ETFs has already sparked a major rally in the price of bitcoin and other cryptocurrencies, but will the bull run continue once the funds are up and running? On this episode of Unchained, the founder and CEO of Global Macro Investor, Raoul Pal, describes why a spot bitcoin ETF is such a significant development, likening it to a free trade agreement with the traditional financial world. He also discusses what effect a spot Ether ETF is likely to have on Ether prices, the relative merits of Ether vs. Solana, the usefulness of BRC-20 tokens and why 2024 is likely to be a very good year for crypto and the economy as a whole.

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Show highlights:

  • How Pal sees crypto as creating a new parallel financial system that a spot Bitcoin ETF will soon offer entrée to
  • what he believes will be the key catalysts for the upcoming bull market in crypto
  • why Raoul is predicting a “very strong 2024” for the crypto market, including his outlook for the price of Bitcoin
  • how he thinks investors and institutions will respond to the potential launch of an ETH spot ETF
  • why Raoul is bullish on both Ethereum and Solana
  • what developments in the Solana ecosystem are making Raoul particularly optimistic
  • which network Raoul expects to emerge as the winner in the blockchain space
  • why he views BRC-20s and Ordinals inscriptions as positive developments for Bitcoin

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  • Raoul Pal, cofounder and CEO of Real Vision


Bitcoin ETF and markets:

  • Unchained: 


Ordinals and BRC-20s


Solana vs. ETH