Retail Investors Can Buy Crypto Before Institutions, Says Raoul Pal

Retail investors have a chance to buy crypto before VCs and institutions according to Raoul Pal.

Retail is front-running institutions for the first time, owning infrastructure before them.

Institutions require accreditation and lots of capital, locking out retail historically.

The crypto risk curve starts with BTC, then ETH, then mid-cap, then small-caps, like the traditional risk curve.

Ethereum is like the US economy - a growing ecosystem with lots of activity happening.