Uploaded February 2026 | Updated September 2026, 2 weeks ago
🔥 *Download Raoul Pal's 4-year investing roadmap for free:* rvtv.io/41fVHWF
Raoul Pal welcomes Evgeny Gokhberg, founder of the DeFi hedge fund Re7Capital, to discuss building a market-neutral yield strategy that earns double-digit returns by managing smart contract risk, diversifying across platforms and chains, and treating crypto as liquid venture investing. They also debate whether the current crypto drawdown is a broken cycle or a liquidity-driven, mid-cycle correction, concluding that fundamentals remain strong despite extreme price volatility. Recorded on February 4, 2026.
📣 This episode comes to you thanks to Figure Markets. Use Figure’s Democratized Prime and enter to win $25k USDC while earning ~9% APY. The more you participate, the better your odds! Start now and enter to win while earning money on your crypto with Democratized Prime. Enter here 👉 democratizedprime.pxf.io/c/6873097/3755092/37696
👉 Abra provides custody, trading, yield, and BTC-backed loan products for digital assets for HNW and corporate clients. Abra provides full-service treasury management for digital asset treasuries and corporations. Buy and hold digital assets in segregated accounts with multi-sig security. Visit realvision.com/abra to learn more.
Timestamps:
00:00 Intro
03:20 Evgeny’s background: TradFi → DeFi, founding RE7 Capital
07:51 Market-neutral DeFi yield: “get paid to take software risk”
11:19 DeFi risk framework: scoring hacks like credit defaults
14:58 How the strategy actually earns: hedged yield + cash & carry
18:18 Why big institutions haven’t “crushed” DeFi yields (yet)
20:31 Return profile: bull vs “normal” vs crisis regimes
23:23 Strategy #2: liquid venture / altcoin fund + “cleansing” thesis
27:42 How they pick alts: top-down cycle + onchain fundamentals
31:11 Patience is more than trading: capturing the cycle’s “10 best days”
35:29 Feb 4 market chaos: zoom out + critical levels + sellers?
44:40 The real driver: US liquidity + gold siphoning attention
51:59 Risk tolerance + staying in majors vs going out the curve
59:01 Cycle check: brutal correction, not “broken”… yet
1:02:04 Closing: mindset, risk tolerance, and staying the course
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Connect with me:
Twitter (X): twitter.com/RaoulGMI
Instagram: instagram.com/raoulgmi
LinkedIn: linkedin.com/in/raoul-pal-real-vision
My other work:
Real Vision: rvtv.io/3LHYIaH
Global Macro Investor: globalmacroinvestor.com
The Exponentialist: realvision.com/thefuture
EXPAAM: expaam.com
Connect with Real Vision™:
Twitter: rvtv.io/twitter
Instagram: rvtv.io/instagram
Get a FREE membership: rvtv.io/3Y4t5Pw
Disclaimer: media.realvision.com/wp/20231004185303/Disclaimer-1.pdf
#raoulpal #crypto #macro #macroeconomics #cryptocurrency #cryptonews #blockchain #web3 #nft #nfts #btc #eth #btcnews #bitcoin #bitcoinnews #bitcointoday #cryptotrading #cryptoinsights #cryptotips #cryptoinsights #macroinsights #realvision #solana #sol #solanasol #altcoins #bitcoinnews #btctoday #btcnews #sui #suicrypto #ethnews
🔥 *Download Raoul Pal's 4-year investing roadmap for free:* rvtv.io/41fVHWF
Raoul Pal welcomes Evgeny Gokhberg, founder of the DeFi hedge fund Re7Capital, to discuss building a market-neutral yield strategy that earns double-digit returns by managing smart contract risk, diversifying across platforms and chains, and treating crypto as liquid venture investing. They also debate whether the current crypto drawdown is a broken cycle or a liquidity-driven, mid-cycle correction, concluding that fundamentals remain strong despite extreme price volatility. Recorded on February 4, 2026.
📣 This episode comes to you thanks to Figure Markets. Use Figure’s Democratized Prime and enter to win $25k USDC while earning ~9% APY. The more you participate, the better your odds! Start now and enter to win while earning money on your crypto with Democratized Prime. Enter here 👉 democratizedprime.pxf.io/c/6873097/3755092/37696
👉 Abra provides custody, trading, yield, and BTC-backed loan products for digital assets for HNW and corporate clients. Abra provides full-service treasury management for digital asset treasuries and corporations. Buy and hold digital assets in segregated accounts with multi-sig security. Visit realvision.com/abra to learn more.
Timestamps:
00:00 Intro
03:20 Evgeny’s background: TradFi → DeFi, founding RE7 Capital
07:51 Market-neutral DeFi yield: “get paid to take software risk”
11:19 DeFi risk framework: scoring hacks like credit defaults
14:58 How the strategy actually earns: hedged yield + cash & carry
18:18 Why big institutions haven’t “crushed” DeFi yields (yet)
20:31 Return profile: bull vs “normal” vs crisis regimes
23:23 Strategy #2: liquid venture / altcoin fund + “cleansing” thesis
27:42 How they pick alts: top-down cycle + onchain fundamentals
31:11 Patience is more than trading: capturing the cycle’s “10 best days”
35:29 Feb 4 market chaos: zoom out + critical levels + sellers?
44:40 The real driver: US liquidity + gold siphoning attention
51:59 Risk tolerance + staying in majors vs going out the curve
59:01 Cycle check: brutal correction, not “broken”… yet
1:02:04 Closing: mindset, risk tolerance, and staying the course
Unlock the potential to showcase your brand to our global audience. Contact us at partnerships@realvision.com for advertising inquiries.
🍌 Get your Banana Zone swag at the Real Vision merch store: shop.realvision.com
Connect with me:
Twitter (X): twitter.com/RaoulGMI
Instagram: instagram.com/raoulgmi
LinkedIn: linkedin.com/in/raoul-pal-real-vision
My other work:
Real Vision: rvtv.io/3LHYIaH
Global Macro Investor: globalmacroinvestor.com
The Exponentialist: realvision.com/thefuture
EXPAAM: expaam.com
Connect with Real Vision™:
Twitter: rvtv.io/twitter
Instagram: rvtv.io/instagram
Get a FREE membership: rvtv.io/3Y4t5Pw
Disclaimer: media.realvision.com/wp/20231004185303/Disclaimer-1.pdf
#raoulpal #crypto #macro #macroeconomics #cryptocurrency #cryptonews #blockchain #web3 #nft #nfts #btc #eth #btcnews #bitcoin #bitcoinnews #bitcointoday #cryptotrading #cryptoinsights #cryptotips #cryptoinsights #macroinsights #realvision #solana #sol #solanasol #altcoins #bitcoinnews #btctoday #btcnews #sui #suicrypto #ethnews
