Private Equity and Infrastructure

The place to get some visibility into the opaque world of private equity and infrastructure.

Real Vision Jul 28, 2021
Bitcoin Is Eating the World
In this timely and in-depth discussion brought to viewers by this year's Crypto Gathering event, Peter McCormack, host of What Bitcoin Did, welcomes Nic Carter, partner of Castle Island Ventures, and Jack Mallers, founder and CEO of Strike, to dive into the macro framework for Bitcoin's adoption and shortcomings of its energy critiques. Carter and Mallers both believe that Bitcoin's global and inclusive qualities make it the most effective monetary network for conducting international business. Combined with weakening sovereign currencies, Bitcoin is poised to provide stability and convenience for cash finality without credit risk. Furthermore, the trio argues that the traditional and outdated banking system was already facing scrutiny for problems that Bitcoin can solve. Filmed during the Crypto Gathering 2021.
Jul 28, 2021
TradeStation: Building a Crypto Trading Platform from the Ground Up
The moment short-term trader James Putra, senior director and head of strategy at TradeStation, decided to trade exclusively in crypto was pivotal in creating TradeStation’s crypto trading platform. From setting up his first mining rig to educating TradFi firms on this new sector, Putra noticed a substantial division between the tech-dominant crowd populating early crypto companies and the traditional finance folks he was used to. These two crowds didn’t always "speak the same language," as he puts it. Acting as an intermediary between these two worlds, Putra has been able to incorporate the wisdom of TradFi into the immensely volatile world of crypto that gives traders a leg up in harnessing such volatility. Interviewed by Ash Bennington on July 15, 2021.
Real Vision Jul 27, 2021
Navigating Nations: The Emerging Markets Megatrend
To showcase the wonderful line-up from this year's Festival of Learning, Real Vision presents this interview of Raoul Pal, co-founder and CEO of Real Vision, and Brent Johnson, CEO of Santiago Capital, discussing emerging market investing and navigating different markets. When dissecting certain nations, Johnson and Pal share their personal anecdotes to lead into the reasons of potential investment in different emerging markets. Pal mentions that emerging markets become exceedingly volatile when they are in a trend, which makes them extremely attractive, and Johnson believes the best emerging markets are not "pleasing to the eye." Filmed during the Festival of Learning 2021.
Jul 23, 2021
"Reading the Soup" as a Crypto VC Firm
Picking the big fish in the sea of crypto is no easy task—George McDonaugh, co-founder and managing director of KR1 plc, and Keld van Schreven, co-founder and managing director of KR1 plc, join Real Vision CEO and co-founder Raoul Pal to share their expertise on early investing. Growing their company to a market cap of over $147 million, van Schreven and McDonaugh are both veterans in the investment space, dating back to the pre-Dot-Com era. With multiple 100x investments made through KR1, they give us a preview into the decision process that goes on behind the scenes, the consequences of being too early, and a fascinating discussion on the future of community-based economies. Filmed on July 14, 2021.
Real Vision Jul 23, 2021
King Street's Brian Higgins: Investing in High-Yield Distressed Debt
Brain Higgins is the co-founder and managing director of King Street Capital, one of the largest and most successful distressed debt hedge funds with $20 billion in assets under management. Higgins and King Street Capital have yet to have a losing year since its founding in 1995 despite the cyclical fluctuations of the economy. He joins Real Vision CEO and co-founder Raoul Pal to discuss high yield investments in distressed companies, the classical view of distressed investing, and the future of the industry with respect to increased central bank intervention. Filmed on July 19, 2021.
Jul 22, 2021
Erik Voorhees: The Case for the Decentralization of Business and Money
The separation of church and state was a revolutionary idea—Erik Voorhees, CEO of ShapeShift, and Eric Kryski, CEO and co-founder of Bidali, discuss whether it’s now time to separate money from state as well. Voorhees and Kryski discuss the origins of and new developments taking place at ShapeShift. Criticizing the infrastructure we have around our traditional human resources departments and arguing that they impoverish many of the people they advocate for, Voorhees makes the case for decentralization in many facets of life and the economy. He then applies this principle to money itself—in order to achieve a truly just society, a small, centralized group ought not possess a monopoly on currency. Filmed on July 15, 2021.
Jul 20, 2021
Crypto Punks: Monetizing Personal Identity
Could you imagine a 24x24 pixel image selling for $7.6 million? GMoney and Tony Herrera, Crypto Punk collectors, join Sergio Silva, NFT collector and sales director at Fireblocks, to explain how and why. A relatively simple concept that has grossed close to $400 million, Crypto Punks now has celebrities such as Jay-Z and owner of E-sports team, 100 Thieves, participating in the market. As early adopters of the space, GMoney and Tony Herrera take viewers through their experience, explain why they consider Crypto Punks “a call option on Ethereum," discuss fractionalization in the NFT space, and make the case for why this sector is just getting started. Filmed on July 13, 2021.
Real Vision Jul 20, 2021
Daniel Lacalle: Inflation's Endgame
Alfonso Peccatiello, author of The Macro Compass, welcomes Daniel Lacalle, chief economist at Tressis, to discuss inflation and, more importantly, strategies to protect investors from eroding purchasing power. The pair analyzes inflation occurring in both the Eurozone and the United States, and Lacalle notes that real wages have suffered before the pandemic and continue to suffer from the increased stimulus. To protect one’s hard-earned savings, Lacalle argues that a portfolio should include gold, cryptocurrencies, and equities in secular growth sectors. Additionally, he and Peccatiello dive into the benefits and drawbacks of central banks implementing digital currencies. Filmed on July 13, 2021.
Jul 19, 2021
Chainlink 2.0: Expanding the Meta-Layer
As much a philosopher as he is a technologist, Sergey Nazarov, co-founder of Chainlink, joins Real Vision to discuss some of the core theses of DeFi and the meta-layer’s role in smart contracts. Smart contracts will likely play a large role in the future of finance, but they have a long way to go. Companies like Chainlink and their partners are working to expand what they call “the meta-layer,” the framework connecting blockchain ecosystems to off-chain datasets in order to build out more complicated smart contracts. This is all part of the Chainlink 2.0 mission. Nazarov walks viewers through interesting developments on this front as well as additional topics like the quantum risk to DeFi, lessons from the ‘08 financial crisis, and more. Interviewed by Ash Bennington on July 14, 2021.
Jul 15, 2021
Nifty Gateway: Establishing an NFT Marketplace for All
On day four of After the Hype: Reality Sets in for NFTs, Duncan and Griffin Cock Foster, co-founders of Nifty Gateway, join Real Vision CEO and co-founder Raoul Pal to discuss bringing digital assets to Web 2.0 users. After seeing complicated on-ramps such as MetaMask inhibit the adoption of NFTs, the Cock Fosters set out to design a system that would feel more intuitive to casual web-goers, and as a result, Nifty Gateway was born. With an early acquisition from the Winklevoss twins, the adoption has been tremendous. Tune in for an in-depth discussion on the evolution of the NFT space and a looming yet overlooked threat facing the crypto industry: big tech monopolies. Filmed on July 9, 2021.
Jul 13, 2021
Immutable X: NFT Technology and the Reengineering of Video Game Economies
On day two of After the Hype: Reality Sets in for NFTs, Piers Kicks, a member of the investment team at Bitkraft, welcomes Robbie Ferguson, co-founder of Immutable X, to discuss the blockchain technology underlying NFTs, exciting projects arising with the help of Immutable, and how all of this relates to a major shift in online game economies. As an avid gamer himself, Ferguson came to a realization in the early Ethereum days that he could ensure ownership of in-game assets. And thus, Gods Unchained was born: the first digital card game where players were guaranteed ownership of their cards, free to buy and sell on the secondary marketplace. Ferguson and Kicks dive into the history of Immutable as well as the ever-increasing number of use cases for NFTs today. Filmed on July 7, 2021.
Real Vision Jul 13, 2021
Are Fossil Fuels Still Profitable in an ESG Era?
Chase Taylor, founder of Pinecone macro research, joins Real Vision to discuss his bullish views within the energy sector, opinions on corporate equity issuance, and thoughts on inflation. Taylor dives into his constructive outlook on oil, coal, and natural gas as the growing middle class in emerging markets will create a demand imbalance. Additionally, he analyzes the dollar and the new expectations for growth and inflation that he states have been created fiscal and monetary stimulus. Taylor believes that uranium also has strong tailwinds due to the supply shortage and ESG mandates pushing global electrification. Interviewed by Jack Farley on July 9, 2021. For Pinecone Macro's report on coal, click here: https://www.realvision.com/issues/coal-the-other-black-gold?source_collection=9281de53a77f4bf7b6bfcd74eeaee864.