Uploaded December 2025 | Updated September 2026, 3 weeks ago
🔥 *Black Friday still kickin' on Real Vision. Don't waste it:* rvtv.io/44vFiz1
⚪ Raoul Pal and Mert Mumtaz, co-founder and CEO at Helius, dive into Mert’s journey through engineering, Coinbase, and Solana, to why he believes privacy is the missing pillar in crypto’s evolution. They explore Solana’s scaling advantages, the fundamentals behind Zcash, and why privacy, decentralization, and cryptography will shape the next phase of digital finance. Recorded on November 21, 2025.
⚪ Follow Mert on X: @0xMert_
📣 Bitwise has been all-in on crypto since 2017 and has more than 20 crypto-based products to help investors get the access they need. Bitwise manages the world’s largest crypto index fund, one of the top Bitcoin ETFs, and one of the largest institutional Ethereum staking solutions. Bitwise has over $10 billion in assets under management and employs over 100 people in the US and Europe to manage a range of products, including ETFs, private alpha strategies, and SMAs for large investors.
👉 Check out Bitwise at bitwiseinvestments.com and let them know that Real Vision mentioned them. Carefully consider the extreme risks associated with crypto before investing.
📣 Start investing today - gemini.com/realvision.
👉 Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Gemini Intergalactic UK, Ltd is registered with the Financial Conduct Authority, under Firm Reference Number: 921817
Unlock the potential to showcase your brand to our global audience. Contact us at partnerships@realvision.com for advertising inquiries.
Timestamps:
00:00 Sponsor
01:06 Show Introduction & Importance of Privacy in Crypto
02:27 Guest Introduction: Mert
03:36 Mert’s Background & Early Career in Crypto
05:05 Coinbase, Multichain View & Academic Path
07:05 Frustrations with Traditional Finance & Smart Contracts
09:13 Network Use Cases, Tribalism & Asset Narratives
11:22 Founding Helius & Why Solana
13:32 Solana’s Reliability, Scaling & Developer Usability
15:41 High-Velocity Use Cases, NFTs & Global Financial Backbone
16:52 Gaps in Solana Ecosystem & Privacy Challenges
17:50 From Solana to Zcash & Early Exposure to Privacy Coins
20:32 Cypherpunk Roots & Core Problems in Crypto Evolution
22:52 Bitcoin, Zcash & Privacy Comparisons
25:47 Zero-Knowledge Proofs, Encryption & Quantum-Proofing
30:04 Social Media, Narrative Virality & Market Awareness
32:44 Portfolio Building & Bitcoiners’ Perspectives
34:04 Privacy Principles: Cross-Chain, Fungibility & Traceability
36:05 Choosing Privacy Amid Regulation & Current Administration
37:15 Privacy as a Right & Financial Compliance Challenges
39:26 Workarounds: ZK Proofs, Legislation & Citizen Control
40:35 Crypto Narratives, Cash Restrictions & Regulatory Arbitrage
43:07 Zcash Reflection, AI Threats & Shielded Money
44:12 Individual Autonomy vs. State Control
45:02 Bureaucracy, Incentives & Social Media Distortions
49:50 How to Buy Zcash: Wallets, Shielding & Cross-Chain Tools
53:20 Zcash Value, UX Improvements & Asset Roles
55:19 Practical Limits, Narrative Rotation & PVE Potential
57:03 Privacy Fundamentals, Issuance & Scaling Projects
59:27 Long-Term Perspective, Pricing Privacy & AGI Threats
1:01:02 Encrypted Money, ZK Tech & Real-World Utility
1:04:07 Closing: Guest Outro, Reflections & Call to Action
🍌 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
🔥 *Black Friday still kickin' on Real Vision. Don't waste it:* rvtv.io/44vFiz1
⚪ Raoul Pal and Mert Mumtaz, co-founder and CEO at Helius, dive into Mert’s journey through engineering, Coinbase, and Solana, to why he believes privacy is the missing pillar in crypto’s evolution. They explore Solana’s scaling advantages, the fundamentals behind Zcash, and why privacy, decentralization, and cryptography will shape the next phase of digital finance. Recorded on November 21, 2025.
⚪ Follow Mert on X: @0xMert_
📣 Bitwise has been all-in on crypto since 2017 and has more than 20 crypto-based products to help investors get the access they need. Bitwise manages the world’s largest crypto index fund, one of the top Bitcoin ETFs, and one of the largest institutional Ethereum staking solutions. Bitwise has over $10 billion in assets under management and employs over 100 people in the US and Europe to manage a range of products, including ETFs, private alpha strategies, and SMAs for large investors.
👉 Check out Bitwise at bitwiseinvestments.com and let them know that Real Vision mentioned them. Carefully consider the extreme risks associated with crypto before investing.
📣 Start investing today - gemini.com/realvision.
👉 Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Gemini Intergalactic UK, Ltd is registered with the Financial Conduct Authority, under Firm Reference Number: 921817
Unlock the potential to showcase your brand to our global audience. Contact us at partnerships@realvision.com for advertising inquiries.
Timestamps:
00:00 Sponsor
01:06 Show Introduction & Importance of Privacy in Crypto
02:27 Guest Introduction: Mert
03:36 Mert’s Background & Early Career in Crypto
05:05 Coinbase, Multichain View & Academic Path
07:05 Frustrations with Traditional Finance & Smart Contracts
09:13 Network Use Cases, Tribalism & Asset Narratives
11:22 Founding Helius & Why Solana
13:32 Solana’s Reliability, Scaling & Developer Usability
15:41 High-Velocity Use Cases, NFTs & Global Financial Backbone
16:52 Gaps in Solana Ecosystem & Privacy Challenges
17:50 From Solana to Zcash & Early Exposure to Privacy Coins
20:32 Cypherpunk Roots & Core Problems in Crypto Evolution
22:52 Bitcoin, Zcash & Privacy Comparisons
25:47 Zero-Knowledge Proofs, Encryption & Quantum-Proofing
30:04 Social Media, Narrative Virality & Market Awareness
32:44 Portfolio Building & Bitcoiners’ Perspectives
34:04 Privacy Principles: Cross-Chain, Fungibility & Traceability
36:05 Choosing Privacy Amid Regulation & Current Administration
37:15 Privacy as a Right & Financial Compliance Challenges
39:26 Workarounds: ZK Proofs, Legislation & Citizen Control
40:35 Crypto Narratives, Cash Restrictions & Regulatory Arbitrage
43:07 Zcash Reflection, AI Threats & Shielded Money
44:12 Individual Autonomy vs. State Control
45:02 Bureaucracy, Incentives & Social Media Distortions
49:50 How to Buy Zcash: Wallets, Shielding & Cross-Chain Tools
53:20 Zcash Value, UX Improvements & Asset Roles
55:19 Practical Limits, Narrative Rotation & PVE Potential
57:03 Privacy Fundamentals, Issuance & Scaling Projects
59:27 Long-Term Perspective, Pricing Privacy & AGI Threats
1:01:02 Encrypted Money, ZK Tech & Real-World Utility
1:04:07 Closing: Guest Outro, Reflections & Call to Action
🍌 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
