Raoul PalEvery podcast appearance, updated as new ones drop

An in depth conversation with Raoul Pal from Consensus Miami. Sam sits down with Raoul Pal, founder of Real Vision, fresh off the main stage at Consensus Miami for a wide-ranging conversation about the most consequential moment in human history. They cover everything from why AI represents a fundamental shift in human civilization, to how crypto's $2.7 trillion market could hit $100 trillion within a decade, to why Raoul believes NFTs will ultimately become the fabric of our economic system. Links mentioned from the podcast: Raoul’s Twitter: https://x.com/RaoulGMI Real Vision Website: https://www.realvision.com/ - "Gen C" features host Sam Ewen. Executive produced by Uyen Truong.

An in depth conversation with Raoul Pal from Consensus Miami. Sam sits down with Raoul Pal, founder of Real Vision, fresh off the main stage at Consensus Miami for a wide-ranging conversation about the most consequential moment in human history. They cover everything from why AI represents a fundamental shift in human civilization, to how crypto's $2.7 trillion market could hit $100 trillion within a decade, to why Raoul believes NFTs will ultimately become the fabric of our economic system. Links mentioned from the podcast: Raoul’s Twitter: https://x.com/RaoulGMI Real Vision Website: https://www.realvision.com/ - "Gen C" features host Sam Ewen. Executive produced by Uyen Truong.

In this episode of The Milk Road Show, Raoul Pal lays out a thesis that’s equal parts uncomfortable and urgent: the global financial system is heading toward an economic singularity, and most people are completely unprepared for it. ~~~~~ 🚀 Raoul Pal x Milk Road PRO: 30-Day Free Trial + 30% Off ~~~~~ 🌐 ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Unlock the bridge between Wall Street and Web3, see how Chainlink makes tokenization actually work.⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ 🌍 ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Stablecoins just got an upgrade, Bridge makes them instant, global, and dead simple for businesses. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ~~~~~ 🔧 Tools & Channels ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠🥛 ⁠Free Milk Road Newsletters.⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ~~~~~ ✊ Follow Milk Road on Social Media: 👉 Milk Road Twitter: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://link.milkroad.com/X⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ 👉 Milk Road Instagram: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://link.milkroad.com/pod-ig⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ 👉 Apple Podcasts: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://link.milkroad.com/apple-podcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ~~~~~ 🎙 GUEST INFO 🎙 Raoul Pal X: https://x.com/RaoulGMI YouTube: https://www.youtube.com/@RaoulPalTJM 📃 Disclaimer 📃 The information presented in this video is for educational and informational purposes only. It should not be considered as financial, legal. The views and opinions expressed by the speakers, are their own and do not constitute professional advice. Investing in cryptocurrencies carries significant risks, including the potential for substanti

2025 may not have been a failure for Bitcoin but a crucial setup for a massive liquidity-driven surge in 2026, requiring $8 trillion to support debt interest payments. Raoul Pal explains how liquidity—not narratives—dominates price action, the Fed’s diminished role due to fiscal dominance, and how AI, tokenization, and smart contracts will transform crypto and global markets. Despite setbacks like government shutdowns and market overhangs, institutional adoption and technological integration position 2026 as a pivotal year for a potential crypto bull run and economic shift.

This is a free preview of a paid episode. To hear more, visit www.51insights.xyz Hi, it’s Marc. ✌️ “We’ve now got the single most powerful factor in all of investing that’s ever existed… Everything is tied to this debasement of currency.” That’s Raoul Pal , CEO of Real Vision and one of the most respected macro thinkers in the world, explaining why the entire financial system has converged on a single trade: outrun the collapse of fiat. In this episode, Raoul lays out a sweeping thesis: The world is caught in a massive sovereign debt spiral that can only be managed by persistent currency debasement. What looks like asset appreciation is really just denominator decay , the optical illusion of rising prices in a world of falling money. “The S&P 500 isn’t going up. The dollar is going down. Once you see that, you can’t unsee it.” This isn’t a bug; it’s a feature of the current financial system. This singular macro force makes investing in scarce, exponential assets like crypto not just an opportunity, but a necessity for capital preservation and growth. We trace this macro supercycle from its origins in the global debt boom to its next chapter: tokenized networks, AI agents, and a replatforming of capital itself. The game is no longer about picking assets based on traditional fundamentals; it’s about choosing the best vehicles to outrun the devaluation of fiat currency. About Raoul: After forecasting the 2008 financial crisis and the 2012 European sovereign debt crisis, Raoul delved into the world of Bitcoin. He authored the first-ever institutional macro report on Bitcoin in 2013 and has since transitioned from a diversified macro investor to being almost entirely focused on digital assets. After a distinguished career that included managing hedge funds at Goldman Sachs, he retired from active fund management at 36 to launch the research service Global Macro Investor . He later co-founded Real Vision to democratise financial knowledge for all. 🚨 We just opened new sponsorship slots for our podcast . Want to reach 35k+ digital asset leaders? Contact us here . 🎧 Jump to the best parts * ( 04:22 ) → The Endgame of Currency Debasement and Debt: Raoul explains the inescapable math of sovereign debt, how the post-2008 debt spiral locked central banks into perpetual money printing, and why central bank liquidity is the “ single most powerful factor in all of investing. ” * ( 07:46 ) → The $100 Trillion Destination: Why crypto is the single most powerful macro trade of all time, with a network adoption trend line pointing to a $100 trillion asset class within eight years. We are only 4% of the way there. * ( 13:12 ) → Why Gold Preserves Wealth but Doesn’t Compound It Raoul contrasts gold and crypto: gold protects against debasement, but crypto grows thro

If you enjoy these conversations, please follow the podcast and leave a rating on Spotify. It helps us reach more traders and continue bringing you the best guests in the industry. ____________________________________ Join The Chart Fanatics FREE Discord Community for Exclusive Discounts, Giveaways, Live Events & More 👉 https://discord.gg/chartfanatics ____________________________________ SUBSCRIBE to Chart Fanatics Live NOW 👉 https://www.youtube.com/@chartfanaticslive?sub_confirmation=1 ____________________________________ SUBSCRIBE NOW & Like this video to help us continue to bring the best verified traders in the world. turn on notifications to never miss a new video, we post new episodes EVERY Thursday 3pm GMT/ 10am EST with verified traders. ____________________________________ Use Code "RIZ" for 20% OFF ALL Challenges 👉 https://link.alpha-futures.com/k9V5Az Use the Best Trading Journal Use Code “RIZ10” for 10% Off or Code “WOR” for 20% off 👉 https://refer.tradezella.com/riz Use Code "RIZ" for 20% OFF ALL Challenges 👉 https://link.alphacapitalgroup.uk/eq7m8X Use Code "PFT" for the BEST Discounts on ALL Prop Firms Listed 👉 https://propfirmtrader.com/ Join the Market Journal community for weekly direct market insights for FREE 👉 https://www.market-journal.com Free Telegram Community! 👉🏽 https://t.me/pocketsofrizdom ____________________________________ Connect with our guests: Raoul Pal: https://twitter.com/RaoulGMI http://www.raoulpal.com 🔥 The future of finance is here... Join the waitlist: 👉🏽 https://rvtv.io/3IQ5Bs6 ____________________________________ On this episode of the Words of Rizdom podcast we are joined by Raoul Pal. Raoul Pal is the Co-founder and CEO of Real Vision and a researcher for large hedge funds & assets managers. He predicted the 2008 financial crisis and that Bitcoin would hit $100,000 one day back in 2011 when it was priced at just $100. In this podcast we discuss the extreme growth and acceleration of Ai in the financial world and how he thinks that eventually, Ai will replace most if not all retail traders. I hope you guys enjoy this incredible episode! ____________________________________ Connect with Words of Rizdom: https://instagram.com/wordsofrizdom https://x.com/wordsofrizdom https://www.instagram.com/realriziqbal Timestamps: 00:00 Will AI Replace Traders? 04:00 How Raoul Pal Predicted Crypto & Global Market Cycles 08:00 How to Position Yourself Before the Next Massive Shift 11:00 Macro Investing Secrets – Spotting Trends Before They Explode 16:00 Why Long-Term Trends Decide Who Wins in Markets 26:00 The Cost of Mistakes – Lessons Every Trader Must Learn 29:00 Trading Is Just Math – The Reality of Probability & Risk 34:00 Mega Trends That Will Change Everything: Population, Robots & AI 38:00 How AI & Automation Will Reshape the Global Economy 46:00 Crypto as a Mega Trend 01:01:00 The Attention Economy & The Future of Modern Trading 01:09:00 The Long-Term View – The Hidden Edge Most Traders Miss 01:18:00 Why Most Traders Lose in Short-Term Markets 01:36:00 Macro Cycles, Business Trends & The Everything Code Explained 01:41:00 Spotting Secular Shifts & The Rise of Disruptive Technologies 01:46:00 NFTs, Memecoins & The Lindy Effect – What Still Matters 01:55:00 Market Cycles, Massive Trades & The Psychology of Losing Disclaimer: The content on Words of Rizdom is for informational and educational purposes only and should not be considered financial, investment or trading advice. I am not a licensed financial advisor, and the strategies, opinions, and commentary shared are based on personal experienc

Real Vision's Raoul Pal just EXPOSED the shocking truth about how Platforms have been extracting YOUR attention while you get NOTHING in return... Former Goldman Sachs executive and macro investing legend Raoul Pal sits down with our CEO Ben Putley to reveal the dark secrets behind the $750 billion digital advertising industry and why blockchain technology like Alkimi's solution is about to change EVERYTHING. In this eye-opening Lab Talks episode, we dive deep into why the current advertising model is fundamentally broken, how Big Tech corporations have amassed unprecedented power over our personal data, and the revolutionary shift happening right now that will transform how advertising works forever. Raoul shares his incredible journey from running hedge fund sales at Goldman Sachs to predicting both the 2008 financial crisis and European debt crisis, ultimately leading him to discover Bitcoin and blockchain as the solution to systemic financial problems. Now, as founder of Real Vision, he's witnessing the same patterns in digital advertising that led to previous market collapses. We explore the $100 trillion tokenisation thesis that's driving the next wave of crypto adoption, why institutional money is finally flowing into blockchain infrastructure, and how Alkimi's ALKIMI token represents the future of transparent, efficient digital advertising. In this video, you'll discover: Why Google knows more about you than you think (the extent will shock you) How AI agents are secretly destroying advertising effectiveness The real reason your online ads keep getting more expensive yet less effective Why paying users for their attention might not work the way you think Raoul's prediction for crypto's path from $4 trillion to $100 trillion market cap How blockchain rails will revolutionise financial settlement and advertising

🔥 Get Raoul Pal's FREE PDF report: https://rvtv.io/3YOZZUe . Andreas is back with Raoul Pal ‪@RaoulPalTJM‬ our special guest to break it all down live… Andreas Steno Larsen, founder and CEO of Steno Research, welcomes Real Vision co-founder and CEO Raoul Pal to break down the strength of the US dollar, inflation expectations, and the role of liquidity in driving growth. Timestamps: 00:00 - Introduction: 01:32 - The Dollar Surge: What's Driving Currency Markets? 03:07 - Trump's Economic Strategy: Tariffs, Dollar Strength, and Negotiations" 05:20 - Monetary Policies in 2025: Echoes of 2016 and QE Predictions" 07:17 - Bitcoin and Markets: Parallels to 2017 and the Next Move 12:30 - UK Bond Market Troubles: A Canary in the Coal Mine? 15:43 - Inflation and Liquidity: Navigating the Economic Crossroads 20:40 - Retail Sales Boom: The Early Signs of Economic Revival 27:53 - Crypto’s Liquidity Role: How to Prepare for the Next Rally 33:07 - Closing Thoughts: Upcoming Events and Macro Strategies Elevate your brand with Real Vision. Connect with us at partnerships@realvision.com to explore advertising possibilities. About Real Vision™: We arm you with the knowledge, tools, and network to succeed on your financial journey. 🔥 Get 𝗙𝗥𝗘𝗘 𝗔𝗖𝗖𝗘𝗦𝗦 to Real Vision https://rvtv.io/3YOZZUe Connect with Real Vision™ Online: YouTube: youtube.com/@RealVisionFinance Twitter: https://rvtv.io/twitter Instagram: https://rvtv.io/instagram Website: https://rvtv.io/3Y4t5Pw Disclaimer: https://media.realvision.com/wp/20231004185303/Disclaimer-1.pdf

In this episode of Because of Bitcoin, Mauricio Di Bartolomeo sits down with expert macroeconomic investor Raoul Pal to discuss his illustrious career, Bitcoin’s role in global finance, and why liquidity cycles dictate market behavior. From Raoul's early career at Goldman Sachs to his groundbreaking work in educating the masses about macroeconomics and crypto through Real Vision, this episode is packed with valuable insights. Raoul explains his journey from discovering Bitcoin in 2013 to his current investments in altcoins like Solana and SUI. He also shares actionable frameworks for navigating the complexities of global markets, highlights the importance of liquidity cycles, and explains his famous "Banana Zone" thesis for exponential gains in crypto. Key Topics Covered: Raoul’s Career Journey: Growing up in a business-oriented family, working at Goldman Sachs, and founding Real Vision. Spotting Systemic Risks: Parallels between long-term capital management and today’s crypto market dynamics. The Case for Bitcoin: How Bitcoin’s global accessibility and fractional nature make it the ultimate asset for financial inclusion. Banana Zone Thesis: The factors that drive exponential market gains during liquidity cycles. Bitcoin vs. Altcoins: Raoul’s shift in focus from Bitcoin to Solana, SUI, and other altcoins for higher growth potential. Links and Resources: ● Explore Real Vision ● Follow Raoul Pal on Twitter ● Learn About Bitcoin-Backed Loans at Ledn Thank You for Listening! Enjoyed this episode? Please leave us a review and subscribe to Because of Bitcoin on your favorite podcast platform. Stay informed with our weekly newsletter at ledn.io.

By now it’s probably safe to say, either you are avoiding the cryptocurrency world and confused just looking at it, or you see the world through crypto and NFTs and all the potential it represents. Raoul Pal is a master investor that has seen the evolution of the world’s financial systems riding the highs and experiencing the lows as well. As respected as he is in macroeconomics, Raoul joins Tom for this conversation to broadcast the opportunity available for massive wealth transfer, and to break down exactly why the crypto revolution is happening and why it’s worth being excited about. If you’ve been avoiding the conversation or are excited and can’t get enough, this conversation holds massive value for everyone. [Original air date: 9-2-21]. SHOW NOTES: 0:00 | Introduction Raoul Pal 0:58 | Who Is Raoul Pal? 5:19 | The Problems Crypto Solves 8:42 | Speed of Technology 12:31 | Equal Opportunity for Wealth 15:20 | Tom’s Crypto Story 19:38 | From Money to Crypto 25:35 | Ethereum Usability & Bitcoin 35:08 | Raoul Being Open Minded 41:02 | Dollar Cost Averaging 48:23 | Don’t Use Leverage 53:10 | Riding the Volatility of Crypto 1:01:50 | Percentage Allocation of Wealth 1:08:09 | Opportunity for Anyone 1:12:47 | Accredited Investor Scam 1:15:57 | Tokenization and NFTs 1:23:54 | Real Value of Communities 1:39:38 | Calling B.S. on Howey Test CHECK OUT OUR SPONSORS Range Rover: Explore the Range Rover Sport at https://landroverUSA.com Miro: Bring your teams to Miro’s revolutionary Innovation Workspace and be faster from idea to outcome at https://miro.com . ButcherBox: Get your choice of a free protein in every box for a year, plus that $20 off your first order with code IMPACT at https://butcherbox.com/impact . What's up, everybody? It's Tom Bilyeu here: If you want my help... STARTING a business: join me here at ZERO TO FOUNDER SCALING a business: see if you qualify here. Get my battle-tested strategies and insights delivered weekly to your inbox: sign up here. If you're serious about leveling up your life, I urge you to check out my new podcast, Tom Bilyeu’s Mindset Playbook —a goldmine of my most impactful episodes on mindset, business, and health. Trust me, your future self will thank you. Join me live on my Twitch stream . I'm live daily from 6:30 to 8:30 am PT at www.twitch.tv/tombilyeu LISTEN TO IMPACT THEORY AD FREE + BONUS EPISODES on APPLE PODCASTS : apple.co/impacttheory FOLLOW TOM: Instagram: <a

By now it’s probably safe to say, either you are avoiding the cryptocurrency world and confused just looking at it, or you see the world through crypto and NFTs and all the potential it represents. Raoul Pal is a master investor that has seen the evolution of the world’s financial systems riding the highs and experiencing the lows as well. As respected as he is in macroeconomics, Raoul joins Tom for this conversation to broadcast the opportunity available for massive wealth transfer, and to break down exactly why the crypto revolution is happening and why it’s worth being excited about. If you’ve been avoiding the conversation or are excited and can’t get enough, this conversation holds massive value for everyone. [Original air date: 9-2-21]. SHOW NOTES: 0:00 | Introduction Raoul Pal 0:58 | Who Is Raoul Pal? 5:19 | The Problems Crypto Solves 8:42 | Speed of Technology 12:31 | Equal Opportunity for Wealth 15:20 | Tom’s Crypto Story 19:38 | From Money to Crypto 25:35 | Ethereum Usability & Bitcoin 35:08 | Raoul Being Open Minded 41:02 | Dollar Cost Averaging 48:23 | Don’t Use Leverage 53:10 | Riding the Volatility of Crypto 1:01:50 | Percentage Allocation of Wealth 1:08:09 | Opportunity for Anyone 1:12:47 | Accredited Investor Scam 1:15:57 | Tokenization and NFTs 1:23:54 | Real Value of Communities 1:39:38 | Calling B.S. on Howey Test CHECK OUT OUR SPONSORS Range Rover: Explore the Range Rover Sport at https://landroverUSA.com Miro: Bring your teams to Miro’s revolutionary Innovation Workspace and be faster from idea to outcome at https://miro.com . ButcherBox: Get your choice of a free protein in every box for a year, plus that $20 off your first order with code IMPACT at https://butcherbox.com/impact . What's up, everybody? It's Tom Bilyeu here: If you want my help... STARTING a business: join me here at ZERO TO FOUNDER SCALING a business: see if you qualify here. Get my battle-tested strategies and insights delivered weekly to your inbox: sign up here. If you're serious about leveling up your life, I urge you to check out my new podcast, Tom Bilyeu’s Mindset Playbook —a goldmine of my most impactful episodes on mindset, business, and health. Trust me, your future self will thank you. Join me live on my Twitch stream . I'm live daily from 6:30 to 8:30 am PT at www.twitch.tv/tombilyeu LISTEN TO IMPACT THEORY AD FREE + BONUS EPISODES on APPLE PODCASTS : apple.co/impacttheory FOLLOW TOM: Instagram: https://www.instagram.com/tombilyeu/ Tik Tok: <a href="https://www.tiktok.com/@tombilye

On This Page: Wishing your way to wealth and success, complaining about who is wealthy, and riding the wave of misplaced time, money and effort is not why you’re here. Stock markets, investment portfolios, 401Ks, and bank accounts look like the stuff global disasters are made of. You’re living through weird times and having a biological experience of unforeseen proportions when you look at the global economic sh*t storm we’re in. So the top 5 ideas and people you’re spending your time with really matters, perhaps more than ever before. Perspective is key, and you get to decide if you’re living in a friendly or hostile world. Raoul Pal, CEO and co-founder of Real Vision, has some ideas that can certainly help average up how you think about getting through our current recession. Whether your money is all in crypto, in a 401k that’s reduced by half, or in none of the above, the ideas that Raoul shares in this episode may be some of the most important ideas you’ve ever heard. Are you still living and acting based on an American Dream that died decades ago? Does the thought of buying during a market drop scare you or excite you? Listening to these conversations between Raoul and Tom is going to break some of your ideas apart and allow you to put together a new and improved perspective that will allow you to thrive during this recession and maybe even get a little excited. [Original air date: 9-3-22]. SHOW NOTES: 0:00 | Introduction Raoul Pal 0:27 | Thrive in the Economic Collapse 41:39 | Crypto 101 Masterclass 1:11:59 | Recession 101 Masterclass 1:41:51 | The Biggest Opportunity 2:13:30 | Adapt to the Changing World Order CHECK OUT OUR SPONSORS Range Rover: Explore the Range Rover Sport at https://landroverUSA.com Miro: Bring your teams to Miro’s revolutionary Innovation Workspace and be faster from idea to outcome at https://miro.com . Netsuite: Download the CFO’s Guide to AI and Machine Learning for free at https://netsuite.com/theory Shopify: Sign up for your one-dollar-per-month trial period at https://shopify.com/impact Momentous: Shop now at https://livemomentous.com and use code IMPACT for 20% your new Momentous routine. Follow Raoul Pal: Website: https://www.realvision.com/ Twitter: https://twitter.com/RaoulGMI FOLLOW TOM: Instagram: https://www.instagram.com/tombilyeu/ Tik Tok: https://www.tiktok.com/@tombilyeu?lang=en Twitter: https://twitter.com/tombilyeu YouTube: https://www.youtube.com/@TomBilyeu What's up, everybody? It's Tom Bilyeu here. If you're serious about leveling up your life, I urge you to check out my new podcast, Tom Bilyeu’s Mindset Playbook — a goldmine of my most impactful episodes on mindset, business, and health. Trust me, your future self will thank you. LISTEN AD FREE + BONUS EPISODES on APPLE PODCASTS : apple.co/impacttheory Learn more about your ad choices. Visit megaphone.fm/adchoices

On This Page: Wishing your way to wealth and success, complaining about who is wealthy, and riding the wave of misplaced time, money and effort is not why you’re here. Stock markets, investment portfolios, 401Ks, and bank accounts look like the stuff global disasters are made of. You’re living through weird times and having a biological experience of unforeseen proportions when you look at the global economic sh*t storm we’re in. So the top 5 ideas and people you’re spending your time with really matters, perhaps more than ever before. Perspective is key, and you get to decide if you’re living in a friendly or hostile world. Raoul Pal, CEO and co-founder of Real Vision, has some ideas that can certainly help average up how you think about getting through our current recession. Whether your money is all in crypto, in a 401k that’s reduced by half, or in none of the above, the ideas that Raoul shares in this episode may be some of the most important ideas you’ve ever heard. Are you still living and acting based on an American Dream that died decades ago? Does the thought of buying during a market drop scare you or excite you? Listening to these conversations between Raoul and Tom is going to break some of your ideas apart and allow you to put together a new and improved perspective that will allow you to thrive during this recession and maybe even get a little excited. [Original air date: 9-3-22]. SHOW NOTES: 0:00 | Introduction Raoul Pal 0:27 | Thrive in the Economic Collapse 41:39 | Crypto 101 Masterclass 1:11:59 | Recession 101 Masterclass 1:41:51 | The Biggest Opportunity 2:13:30 | Adapt to the Changing World Order CHECK OUT OUR SPONSORS Range Rover: Explore the Range Rover Sport at https://landroverUSA.com Miro: Bring your teams to Miro’s revolutionary Innovation Workspace and be faster from idea to outcome at https://miro.com . Netsuite: Download the CFO’s Guide to AI and Machine Learning for free at https://netsuite.com/theory Shopify: Sign up for your one-dollar-per-month trial period at https://shopify.com/impact Momentous: Shop now at https://livemomentous.com and use code IMPACT for 20% your new Momentous routine. Follow Raoul Pal: Website: https://www.realvision.com/ Twitter: https://twitter.com/RaoulGMI FOLLOW TOM: Instagram: https://www.instagram.com/tombilyeu/ Tik Tok: https://www.tiktok.com/@tombilyeu?lang=en Twitter: https://twitter.com/tombilyeu YouTube: https://www.youtube.com/@TomBilyeu What's up, everybody? It's Tom Bilyeu here. If you're serious about leveling up your life, I urge you to check out my new podcast, Tom Bilyeu’s Mindset Playbook — a goldmine of my most impactful episodes on mindset, business, and health. Trust me, your future self will thank you. LISTEN AD FREE + BONUS EPISODES on APPLE PODCASTS : apple.co/impacttheory Learn more about your ad choices. Visit megaphone.fm/adchoices See Privacy Policy at <a href="https://art19.com/privacy" rel="noopener no

The best part of this episode is considering a range of possibilities across a spectrum of the implications of artificial intelligence. Raoul Pal joins Tom this time to deep dive on what kind of economic threat A.I. could be to the global economy. Raoul Pal is a retired hedge fund manager who co-founded Real Vision, a financial media company that offers interviews and publications from the world’s best investors. A few reason this conversation will get you thinking even deeper on AI and the economy: To get informed now and decide how you respond to the arrival of the next level of AI. AI also allows us to do things we weren’t able to because we either lacked the talent or the skill This recession has been miserable but it’s still a natural cycle for us to go through Raoul shares his insights on if we’ve hit the bottom and are bouncing back or if we should proceed with even greater caution than before [Original air date: 3-21-23]. Follow Raoul Paul: Website: https://www.realvision.com/ Twitter: https://twitter.com/RaoulGMI Instagram: https://www.instagram.com/raoulgmi/ YouTube: https://www.youtube.com/@RealVisionFinance CHECK OUT OUR SPONSORS Netsuite: Download the CFO’s Guide to AI and Machine Learning for free at https://impacttheory.co/netsuiteITsept Range Rover: Explore the Range Rover Sport at https://impacttheory.co/rangeroverITpodsept Navage: Get a cleaning kit as a FREE gift with your order, but only by going to https://impacttheory.co/navageITpodsept24 Shopify: Sign up for a $1/month trial period at https://impacttheory.co/shopifyITpodsept ZBiotics: Head to https://impacttheory.co/zbioticsITseptpod and use the code IMPACT at checkout for 15% off. Found Banking: Sign up for Found for FREE today at https://impacttheory.co/foundITpodSept Betterhelp: This episode is sponsored by BetterHelp. Give online therapy a try at https://betterhelp.com/impacttheory and get 10% off your first month. AG1: Get 5 free AG1 Travel Packs and a FREE 1 year supply of Vitamin D with your first purchase at https://www.drinkag1.com/impact Aura: Secure your digital life with proactive protection for your assets, identity, family, and tech – Go to https://aura.com/impact to start your free two-week trial. FOLLOW TOM: Instagram: https://www.instagram.com/tombilyeu/ Tik Tok: https://www.tiktok.com/@tombilyeu?lang=en Twitter: https://twitter.com/tombilyeu YouTube: https://www.youtube.com/@TomBilyeu What's up, everybody? It's Tom Bilyeu here. If you're serious about leveling up your life, I urge you to check out my new podcast,<a href="https://op

The best part of this episode is considering a range of possibilities across a spectrum of the implications of artificial intelligence. Raoul Pal joins Tom this time to deep dive on what kind of economic threat A.I. could be to the global economy. Raoul Pal is a retired hedge fund manager who co-founded Real Vision, a financial media company that offers interviews and publications from the world’s best investors. A few reason this conversation will get you thinking even deeper on AI and the economy: To get informed now and decide how you respond to the arrival of the next level of AI. AI also allows us to do things we weren’t able to because we either lacked the talent or the skill This recession has been miserable but it’s still a natural cycle for us to go through Raoul shares his insights on if we’ve hit the bottom and are bouncing back or if we should proceed with even greater caution than before [Original air date: 3-21-23]. Follow Raoul Paul: Website: https://www.realvision.com/ Twitter: https://twitter.com/RaoulGMI Instagram: https://www.instagram.com/raoulgmi/ YouTube: https://www.youtube.com/@RealVisionFinance CHECK OUT OUR SPONSORS Netsuite: Download the CFO’s Guide to AI and Machine Learning for free at https://impacttheory.co/netsuiteITsept Range Rover: Explore the Range Rover Sport at https://impacttheory.co/rangeroverITpodsept Navage: Get a cleaning kit as a FREE gift with your order, but only by going to https://impacttheory.co/navageITpodsept24 Shopify: Sign up for a $1/month trial period at https://impacttheory.co/shopifyITpodsept ZBiotics: Head to https://impacttheory.co/zbioticsITseptpod and use the code IMPACT at checkout for 15% off. Found Banking: Sign up for Found for FREE today at https://impacttheory.co/foundITpodSept Betterhelp: This episode is sponsored by BetterHelp. Give online therapy a try at https://betterhelp.com/impacttheory and get 10% off your first month. AG1: Get 5 free AG1 Travel Packs and a FREE 1 year supply of Vitamin D with your first purchase at https://www.drinkag1.com/impact Aura: Secure your digital life with proactive protection for your assets, identity, family, and tech – Go to https://aura.com/impact to start your free two-week trial. FOLLOW TOM: Instagram: https://www.instagram.com/tombilyeu/ Tik Tok: https://www.tiktok.com/@tombilyeu?lang=en Twitter: https://twitter.com/tombilyeu YouTube: https://www.youtube.com/@TomBilyeu What's up, everybody? It's Tom Bilyeu here. If you're serious about leveling up your life, I urge you to check out my new podcast, Tom Bilyeu’s Mindset Playbook — a goldmine of my most impactful episodes on mindset, business, and health. Trust me, your future self will tha

Welcome back to part 2 with Raoul Pal! Is this the end of civilization as we know it to be, or the beginning of untapped unimaginable outcomes for all of us? Raoul Pal has become a legend in global economics as one of the most successful former hedge fund managers (retired at 36), and one of the most brilliant thought leaders that thoroughly understands how to navigate and explain the complexities of the global financial markets. And as the macro economist that Britain called on for help, his insights into the current recession, global economy, and volatile markets are well respected. In today’s power-packed episode, we go deep into crypto, AI, and the future of technology and the economy. We touch on: - The impact of the debt cycle and hyperinflation - Potential breakthroughs in the tech sector - The unstoppable nature of technology marked by AI models - The natural cycle of recessions - What kind of economic threat A.I. could be to the global economy Raoul takes us through the complexities of the current economic system, how companies operate during downturns, his predictions for the coming economic cycles and housing markets, and why investing in technologies and cryptocurrencies may be the saving grace in this tumultuous economic construct. SHOW NOTES [ 0:00 ] The secular trend within the cyclical trend [ 38:10 ] How money becomes worthless [ 1:10:01 ] Recession is already here [ 1:50:22 ] Population collapse problem [ 2:21:36 ] The AI takeover is here [ 2:47:56 ] Assets outside of fake money CHECK OUT OUR SPONSORS Go to impacttheory.co/shopifypodJuly24 right now and sign up for a $1 per month trial. Explore the Range Rover Sport at https://www.LandRoverUSA.com Get 5 free AG1 Travel Packs and a FREE 1 year supply of Vitamin D with your first purchase at impacttheory.co/AG1pod . Secure your digital life with proactive protection for your assets, identity, family, and tech – Go to impacttheory.co/aurapod to start your free two-week trial. Go to impacttheory.co/quickbookspod below to get 50% off 3 months of Quickbooks Payroll! Follow Raoul Pal: Website: https://www.realvision.com/ Twitter: twitter.com / raoulgmi LinkedIn: linkedin.com/u/ raoul-pal-real-vision YouTube: https://www.youtube.com/@RealVisionFi...

Welcome back to part 2 with Raoul Pal! Is this the end of civilization as we know it to be, or the beginning of untapped unimaginable outcomes for all of us? Raoul Pal has become a legend in global economics as one of the most successful former hedge fund managers (retired at 36), and one of the most brilliant thought leaders that thoroughly understands how to navigate and explain the complexities of the global financial markets. And as the macro economist that Britain called on for help, his insights into the current recession, global economy, and volatile markets are well respected. In today’s power-packed episode, we go deep into crypto, AI, and the future of technology and the economy. We touch on: - The impact of the debt cycle and hyperinflation - Potential breakthroughs in the tech sector - The unstoppable nature of technology marked by AI models - The natural cycle of recessions - What kind of economic threat A.I. could be to the global economy Raoul takes us through the complexities of the current economic system, how companies operate during downturns, his predictions for the coming economic cycles and housing markets, and why investing in technologies and cryptocurrencies may be the saving grace in this tumultuous economic construct. SHOW NOTES [ 0:00 ] The secular trend within the cyclical trend [ 38:10 ] How money becomes worthless [ 1:10:01 ] Recession is already here [ 1:50:22 ] Population collapse problem [ 2:21:36 ] The AI takeover is here [ 2:47:56 ] Assets outside of fake money CHECK OUT OUR SPONSORS Go to impacttheory.co/shopifypodJuly24 right now and sign up for a $1 per month trial. Explore the Range Rover Sport at https://www.LandRoverUSA.com Get 5 free AG1 Travel Packs and a FREE 1 year supply of Vitamin D with your first purchase at impacttheory.co/AG1pod . Secure your digital life with proactive protection for your assets, identity, family, and tech – Go to impacttheory.co/aurapod to start your free two-week trial. Go to impacttheory.co/quickbookspod below to get 50% off 3 months of Quickbooks Payroll! Follow Raoul Pal: Website: https://www.realvision.com/ Twitter: twitter.com / raoulgmi LinkedIn: linkedin.com/u/ raoul-pal-real-vision YouTube: https://www.youtube.com/@RealVisionFi... FOLLOW TOM: Instagram: https://www.instagram.com/tombilyeu/ Tik Tok: https://www.tiktok.

Is this the end of civilization as we know it to be, or the beginning of untapped unimaginable outcomes for all of us? Raoul Pal has become a legend in global economics as one of the most successful former hedge fund managers (retired at 36), and one of the most brilliant thought leaders that thoroughly understands how to navigate and explain the complexities of the global financial markets. And as the macro economist that Britain called on for help, his insights into the current recession, global economy, and volatile markets are well respected. In today’s power-packed episode, we go deep into crypto, AI, and the future of technology and the economy. We touch on: - The impact of the debt cycle and hyperinflation - Potential breakthroughs in the tech sector - The unstoppable nature of technology marked by AI models - The natural cycle of recessions - What kind of economic threat A.I. could be to the global economy Raoul takes us through the complexities of the current economic system, how companies operate during downturns, his predictions for the coming economic cycles and housing markets, and why investing in technologies and cryptocurrencies may be the saving grace in this tumultuous economic construct. SHOW NOTES [ 0:00 ] The secular trend within the cyclical trend [ 38:10 ] How money becomes worthless [ 1:10:01 ] Recession is already here [ 1:50:22 ] Population collapse problem [ 2:21:36 ] The AI takeover is here [ 2:47:56 ] Assets outside of fake money CHECK OUT OUR SPONSORS Go to impacttheory.co/shopifypodJuly24 right now and sign up for a $1 per month trial. Explore the Range Rover Sport at https://www.LandRoverUSA.com Get 5 free AG1 Travel Packs and a FREE 1 year supply of Vitamin D with your first purchase at impacttheory.co/AG1pod . Secure your digital life with proactive protection for your assets, identity, family, and tech – Go to impacttheory.co/aurapod to start your free two-week trial. Go to impacttheory.co/quickbookspod below to get 50% off 3 months of Quickbooks Payroll! Follow Raoul Pal: Website: https://www.realvision.com/ Twitter: twitter.com / raoulgmi LinkedIn: linkedin.com/u/ raoul-pal-real-vision YouTube: https://www.youtube.com/@RealVisionFi... FOLLOW TOM: Instagram: https://www.instagram.com/tombilyeu/ Tik Tok: https://www.tiktok.com/@tombilyeu?lang=en Twitter: https://twitter.com/tombilyeu YouTube: https://www.youtube.com/@TomBilyeu LIST

Is this the end of civilization as we know it to be, or the beginning of untapped unimaginable outcomes for all of us? Raoul Pal has become a legend in global economics as one of the most successful former hedge fund managers (retired at 36), and one of the most brilliant thought leaders that thoroughly understands how to navigate and explain the complexities of the global financial markets. And as the macro economist that Britain called on for help, his insights into the current recession, global economy, and volatile markets are well respected. In today’s power-packed episode, we go deep into crypto, AI, and the future of technology and the economy. We touch on: - The impact of the debt cycle and hyperinflation - Potential breakthroughs in the tech sector - The unstoppable nature of technology marked by AI models - The natural cycle of recessions - What kind of economic threat A.I. could be to the global economy Raoul takes us through the complexities of the current economic system, how companies operate during downturns, his predictions for the coming economic cycles and housing markets, and why investing in technologies and cryptocurrencies may be the saving grace in this tumultuous economic construct. SHOW NOTES [ 0:00 ] The secular trend within the cyclical trend [ 38:10 ] How money becomes worthless [ 1:10:01 ] Recession is already here [ 1:50:22 ] Population collapse problem [ 2:21:36 ] The AI takeover is here [ 2:47:56 ] Assets outside of fake money CHECK OUT OUR SPONSORS Go to impacttheory.co/shopifypodJuly24 right now and sign up for a $1 per month trial. Explore the Range Rover Sport at https://www.LandRoverUSA.com Get 5 free AG1 Travel Packs and a FREE 1 year supply of Vitamin D with your first purchase at impacttheory.co/AG1pod . Secure your digital life with proactive protection for your assets, identity, family, and tech – Go to impacttheory.co/aurapod to start your free two-week trial. Go to impacttheory.co/quickbookspod below to get 50% off 3 months of Quickbooks Payroll! Follow Raoul Pal: Website: https://www.realvision.com/ Twitter: twitter.com / raoulgmi LinkedIn: linkedin.com/u/ raoul-pal-real-vision YouTube: https://www.youtube.com/@RealVisionFi... FOLLOW TOM: Instagram: https://www.instagram.com/tombilyeu/ Tik Tok: https://www.tiktok.com/@tombilyeu?lang=en Twitter: https://twitter.com/tombilyeu YouTube: https://www.youtube.com/@TomBilyeu LISTEN AD FREE + BONUS EPISODES on APPLE PODCASTS : apple.co/impacttheory <

S2E5 features Raoul Pal who is the founder/CEO of RealVision and Global Macro Investor. Previously, Raoul was in finance for over 35 years working in institutions like Natwest, Goldman, and also in the hedge fund industry, servicing greats like Paul Tudor Jones, Stan Druckenmiller, and Louis Bacon. In this episode, Nifty & Jared talk with Raoul about his experience working in traditional finance, how he became interested in taking crypto seriously, why NFTs are the “top of the pyramid,” the founding artists in the space, and building a good lifestyle. Prefer video? Watch this episode on our YouTube channel: https://www.youtube.com/@squiggledao The sponsor of this episode is NFTfi. NFTfi is the most battle-tested and secure lending and liquidity protocol for NFTs. Since launching in 2020, NFTfi has had over 60,000 loans with zero security incidents. Try lending today: https://nftfi.com/ Guest Raoul Pal: https://twitter.com/RaoulGMI Hosts Nifty Fifty: https://twitter.com/NiftyFiftyETH Jared Poz: https://twitter.com/jared_poz Editor Fnkl: https://twitter.com/0xFnkl SquiggleDAO Website: https://www.squiggledao.com/ Discord: https://discord.gg/squiggledao Twitter/X: https://twitter.com/squiggleDAO Membership NFT: https://opensea.io/collection/squiggledao Newsletter: https://squiggledao1.substack.com/ Instagram: https://www.instagram.com/squiggledao/

Robert Leonard and Raoul Pal discuss the macro environment, NFTs, crypto, and Bitcoin. Raoul Pal is a co-founder of Real Vision, has run a successful global macro hedge fund, co-managed Goldman Sachs’ hedge fund sales business in Equities and Equity Derivatives in Europe, and helped design the BBC TV program Million Dollar Traders, training participants in investment and risk management strategy. IN THIS EPISODE, YOU’LL LEARN 00:00 - Intro 02:01 - How did Raoul’s experience at BBC while designing Million Dollar Traders inspired him to create Real Vision? 02:01 - What were the roadblocks and defining moments that led to the creation of Real Vision? 02:01 - What was missing in the marketplace prior to Real Vision? 06:21 - What are the 3 phases of a crisis and which phase are we currently in? 06:21 - How the multiple stimulus bills being passed by the US government affects the macro-environment. 15:26 - What financial experts mean when they say the “government is printing money”. 22:07 - With the fall of the macro environment, is this something that new investors should be worried about or should they focus on the basics first? 32:14 - How did Twitter, Reddit and other social media outlets change the investing landscape for younger and newer investors? 36:51 - How Raoul’s opinion changed from just having a small amount of crypto to a large amount specifically, Bitcoin. 38:20 - What other fellow macro-experts think about crypto and bitcoin? 43:13 - What other coins, other than Bitcoin and Ethereum have a potential to succeed? 49:48 - Whether it’s possible for the government to outlaw crypto. 54:12 - What are NFTs and Raoul’s view as a potential investment case? And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Bitcoin’s white paper . Recommended Book: The Intelligent Investor by Benjamin Graham. Recommended Book: The Simple Path to Wealth by JL Collin. Recommended Book: The Laws of Wealth by Daniel Crosby. Recommended Book: Pioneering Portfolio Management by David Swensen. Check out the books mentioned in the podcast here . Enjoy ad-free episodes when you subscribe to our Premium Feed . NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | <a href="https://www.tiktok.com/@theinvesto

✨ DEBRIEF | Ryan & David unpacking the episode: https://www.bankless.com/debrief-the-raoul-pal-interview ------ Bankless Nation, we’re having none-other than Raoul Pal, a frequent guest on this show, who needs no introduction. Expect to understand debasement, how to navigate the different crypto seasons, and Raoul’s secular thesis. Besides his key learnings, Raoul also gives a peak into his portfolio and shares some hot takes on the current state of AI. ------ 📣 SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium ------ BANKLESS SPONSOR TOOLS: 🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2 ⁠ 🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo 🏠 CASA | SECURE YOUR GENERATIONAL WEALTH https://bankless.cc/Casa 🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku 🏙️ CONSENSUS | SAVE 20% WITH CODE BANKLESS https://bankless.cc/4aykesD ------ TIMESTAMPS 0:00 Intro 6:35 SEC Suing Uniswap? 9:57 US Regulation Handbrakes 19:48 State of the Bull Market 29:45 Navigating Interest Rates 35:40 Understanding Debasement 47:25 Crypto Adoption 57:11 Crypto Summer 1:03:12 The L1 Race 1:07:17 The Role of ETFs 1:13:37 The Next Winter 1:17:52 Crypto Skeptics 1:22:15 The Secular Thesis 1:26:20 Raoul’s Portfolio 1:30:47 Real Vision 1:33:01 The State of AI 1:36:31 Closing & Disclaimers ------ RESOURCES Raoul Pal https://twitter.com/RaoulGMI Real Vision Festival of Learning https://www.realvision.com/festival-of-learning Raoul Pal The Journey Man https://www.youtube.com/@RaoulPalTJM ------ Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures he

Welcome back to part 2 of this power-packed debate with Peter Schiff and Raoul Pal! The discussion continues as we dive deeper into: - The growing national debt and potential hyperinflation - Historical patterns of financial repression - Blockchain technology and digital asset utilization - The future of Social Security You won’t want to miss out on the final part of this hot debate between Raoul Pal and Peter Schiff. And if you're loving the Impact Theory Podcast, please take a moment to leave us a review or rate the show. Your feedback is incredibly valuable! Follow Raoul Pal: Website: https://www.realvision.com/ Twitter: https://twitter.com/RaoulGMI LinkedIn: https://www.linkedin.com/in/raoul-pal-real-vision/ YouTube: https://www.youtube.com/@RealVisionFinance/featured Follow Peter Schiff: Website: https://schiffradio.com/ X: https://twitter.com/PeterSchiff YouTube: https://www.youtube.com/@peterschiff/featured Follow Me, Tom Bilyeu: Website: https://impacttheoryuniversity.com/ X: https://twitter.com/TomBilyeu Instagram: https://www.instagram.com/tombilyeu/ If you want to dive deeper into my content, search through every episode, find specific topics I've covered, and ask me questions. Go to my Dexa page: https://dexa.ai/tombilyeu Themes: Mindset, Finance, World Affairs, Health & Productivity, Future & Tech, Simulation Theory & Physics, Dating & Relationships SPONSORS: If you purchase an item using these affiliate links, Impact Theory may receive a commission. Sign up for a one-dollar-per-month trial period at https://shopify.com/impact now to grow your business – no matter what stage you’re in. Get 5 free AG1 Travel Packs and a FREE 1 year supply of Vitamin D with your first purchase at https://drinkag1.com/impact . ButcherBox is offering our listeners 3 lbs of chicken thighs, 2 lbs of ground beef, or 1 lb of premium steak tips — for free in every order for a whole year, plus, get $20 off your first order at https://butcherbox.com/impact and use code IMPACT to choose your free offer and get $20 off. Head to https://squarespace.com/impact for a free 14 day trial and 10% off your first purchase of a website or domain. Secure your digital life with proactive protection for your assets, identity, family, and tech – Go to https://aura.com/IMPACT to start your free two-week trial. Take control of your gut health by going to https://tryviome.com/impact and use code IMPACT to get 20% off your first 3 months and free shipping. ***Are You Ready for EXTRA Impact?*** If you’re ready to find true fulfillment, strengthen your focus, and ignite your true potential, the Impact Theory subscription was created just for you. *New episodes delivered ad-free, EXCLUSIVE access to hundreds of archived Impact Theory episodes, Tom AMAs, and so much more!* This is not for the faint of heart. This is for those who dare to learn obsessively, every day, day after day. *****Subscribe on Apple Podcasts: https://apple.co/3PCvJaz ***** Subscribe on all other platforms (Google Podcasts, Spotify, Castro, Downcast, Overcast, Pocket Casts, Podcast Addict, Podcast Republic, Podkicker, and more) : https://im

Welcome back to part 2 of this power-packed debate with Peter Schiff and Raoul Pal! The discussion continues as we dive deeper into: - The growing national debt and potential hyperinflation - Historical patterns of financial repression - Blockchain technology and digital asset utilization - The future of Social Security You won’t want to miss out on the final part of this hot debate between Raoul Pal and Peter Schiff. And if you're loving the Impact Theory Podcast, please take a moment to leave us a review or rate the show. Your feedback is incredibly valuable! Follow Raoul Pal: Website: https://www.realvision.com/ Twitter: https://twitter.com/RaoulGMI LinkedIn: https://www.linkedin.com/in/raoul-pal-real-vision/ YouTube: https://www.youtube.com/@RealVisionFinance/featured Follow Peter Schiff: Website: https://schiffradio.com/ X: https://twitter.com/PeterSchiff YouTube: https://www.youtube.com/@peterschiff/featured Follow Me, Tom Bilyeu: Website: https://impacttheoryuniversity.com/ X: https://twitter.com/TomBilyeu Instagram: https://www.instagram.com/tombilyeu/ If you want to dive deeper into my content, search through every episode, find specific topics I've covered, and ask me questions. Go to my Dexa page: https://dexa.ai/tombilyeu Themes: Mindset, Finance, World Affairs, Health & Productivity, Future & Tech, Simulation Theory & Physics, Dating & Relationships SPONSORS: If you purchase an item using these affiliate links, Impact Theory may receive a commission. Sign up for a one-dollar-per-month trial period at https://shopify.com/impact now to grow your business – no matter what stage you’re in. Get 5 free AG1 Travel Packs and a FREE 1 year supply of Vitamin D with your first purchase at https://drinkag1.com/impact . ButcherBox is offering our listeners 3 lbs of chicken thighs, 2 lbs of ground beef, or 1 lb of premium steak tips — for free in every order for a whole year, plus, get $20 off your first order at https://butcherbox.com/impact and use code IMPACT to choose your free offer and get $20 off. Head to https://squarespace.com/impact for a free 14 day trial and 10% off your first purchase of a website or domain. Secure your digital life with proactive protection for your assets, identity, family, and tech – Go to https://aura.com/IMPACT to start your free two-week trial. Take control of your gut health by going to https://tryviome.com/impact and use code IMPACT to get 20% off your first 3 months and free shipping. ***Are You Ready for EXTRA Impact?*** If you’re ready to find true fulfillment, strengthen your focus, and ignite your true potential, the Impact Theory subscription was created just for you. *New episodes delivered ad-free, EXCLUSIVE access to hundreds of archived Impact Theory episodes, Tom AMAs, and so much more!* This is not for the faint of heart. This is for those who dare to learn obsessively, every day, day after day. *****Subscribe on Apple Podcasts: https://apple.co/3PCvJaz ***** Subscribe on all other platforms (Google Podcasts, Spotify, Castro, Downcast, Overcast, Pocket

Welcome to another power-packed episode of Impact Theory, I’m Tom Bilyeu! In today’s episode, we’ve got a hot debate between economists and investing experts Raoul Pal and Peter Schiff as we discuss Bitcoin and the future of the economy. Raoul Pal has become a legend in global economics as one of the most successful former hedge fund managers (retired at 36), and his insights into the current recession, global economy, and volatile markets are well respected. Peter Schiff is a seasoned Wall Street prognosticator known for his spot on predictions of the stock market performance, including gold, commodities, and the mighty dollar. In this debate, we’re touching on: - Value vs. price - Potential currency collapse and its effects - Bitcoin's allure and the comparison with gold standard - Market impact predictions of the 2024 election - AI's potential to alleviate economic problems - Differing ways to prepare for hyperinflation or financial repression - Asset value in a volatile market - Digital vs. physical assets We can agree we are in a time of transition, so what is the next best move? This is just Part 1 of our conversation, so make sure you don’t miss Part 2 of the debate for even more wisdom from Raoul Pal and Peter Schiff. Follow Raoul Pal: Website: https://www.realvision.com/ Twitter: https://twitter.com/RaoulGMI LinkedIn: https://www.linkedin.com/in/raoul-pal-real-vision/ YouTube: https://www.youtube.com/@RealVisionFinance/featured Follow Peter Schiff: Website: https://schiffradio.com/ X: https://twitter.com/PeterSchiff YouTube: https://www.youtube.com/@peterschiff/featured Follow Me, Tom Bilyeu: Website: https://impacttheoryuniversity.com/ X: https://twitter.com/TomBilyeu Instagram: https://www.instagram.com/tombilyeu/ If you want to dive deeper into my content, search through every episode, find specific topics I've covered, and ask me questions. Go to my Dexa page: https://dexa.ai/tombilyeu Themes: Mindset, Finance, World Affairs, Health & Productivity, Future & Tech, Simulation Theory & Physics, Dating & Relationships SPONSORS: If you purchase an item using these affiliate links, Impact Theory may receive a commission. Sign up for a one-dollar-per-month trial period at https://shopify.com/impact now to grow your business – no matter what stage you’re in. Get 5 free AG1 Travel Packs and a FREE 1 year supply of Vitamin D with your first purchase at https://drinkag1.com/impact . ButcherBox is offering our listeners 3 lbs of chicken thighs, 2 lbs of ground beef, or 1 lb of premium steak tips — for free in every order for a whole year, plus, get $20 off your first order at https://butcherbox.com/impact and use code IMPACT to choose your free offer and get $20 off. Head to https://squarespace.com/impact for a free 14 day trial and 10% off your first purchase of a website or domain. Secure your digital life with proactive protection for your assets, identity, family, and tech – Go to https://aura.com/IMPACT to start your free two-week trial. Take control of your gut health by going to https://tryviome.com/impact and use code IMPACT to get 20% off your first 3 months and free shipping. ***Are You Ready for EXTRA Impact?*** If you’re ready to find true fulfillment, strengthen your focus, and ignite your t

Welcome to another power-packed episode of Impact Theory, I’m Tom Bilyeu! In today’s episode, we’ve got a hot debate between economists and investing experts Raoul Pal and Peter Schiff as we discuss Bitcoin and the future of the economy. Raoul Pal has become a legend in global economics as one of the most successful former hedge fund managers (retired at 36), and his insights into the current recession, global economy, and volatile markets are well respected. Peter Schiff is a seasoned Wall Street prognosticator known for his spot on predictions of the stock market performance, including gold, commodities, and the mighty dollar. In this debate, we’re touching on: - Value vs. price - Potential currency collapse and its effects - Bitcoin's allure and the comparison with gold standard - Market impact predictions of the 2024 election - AI's potential to alleviate economic problems - Differing ways to prepare for hyperinflation or financial repression - Asset value in a volatile market - Digital vs. physical assets We can agree we are in a time of transition, so what is the next best move? This is just Part 1 of our conversation, so make sure you don’t miss Part 2 of the debate for even more wisdom from Raoul Pal and Peter Schiff. Follow Raoul Pal: Website: https://www.realvision.com/ Twitter: https://twitter.com/RaoulGMI LinkedIn: https://www.linkedin.com/in/raoul-pal-real-vision/ YouTube: https://www.youtube.com/@RealVisionFinance/featured Follow Peter Schiff: Website: https://schiffradio.com/ X: https://twitter.com/PeterSchiff YouTube: https://www.youtube.com/@peterschiff/featured Follow Me, Tom Bilyeu: Website: https://impacttheoryuniversity.com/ X: https://twitter.com/TomBilyeu Instagram: https://www.instagram.com/tombilyeu/ If you want to dive deeper into my content, search through every episode, find specific topics I've covered, and ask me questions. Go to my Dexa page: https://dexa.ai/tombilyeu Themes: Mindset, Finance, World Affairs, Health & Productivity, Future & Tech, Simulation Theory & Physics, Dating & Relationships SPONSORS: If you purchase an item using these affiliate links, Impact Theory may receive a commission. Sign up for a one-dollar-per-month trial period at https://shopify.com/impact now to grow your business – no matter what stage you’re in. Get 5 free AG1 Travel Packs and a FREE 1 year supply of Vitamin D with your first purchase at https://drinkag1.com/impact . ButcherBox is offering our listeners 3 lbs of chicken thighs, 2 lbs of ground beef, or 1 lb of premium steak tips — for free in every order for a whole year, plus, get $20 off your first order at https://butcherbox.com/impact and use code IMPACT to choose your free offer and get $20 off. Head to https://squarespace.com/impact for a free 14 day trial and 10% off your first purchase of a website or domain. Secure your digital life with proactive protection for your assets, identity, family, and tech – Go to https://aura.com/IMPACT to start your free two-week trial. Take control of your gut health by going to https://tryviome.com/impact and use code IMPACT to get 20% off your first 3 months and free shipping. ***Are You Ready for EXTRA I

Welcome to another power-packed episode of Impact Theory, I’m Tom Bilyeu! In today’s episode, Raoul Pal and I go deep into crypto, AI, and the future of technology and the economy. Raoul Pal has become a legend in global economics as one of the most successful former hedge fund managers (retired at 36), and one of the most brilliant thought leaders that thoroughly understands how to navigate and explain the complexities of the global financial markets. And as the macro economist that Britain called on for help, his insights into the current recession, global economy, and volatile markets are well respected. We touch on: The impact of the debt cycle and hyperinflation Potential breakthroughs in the tech sector The unstoppable nature of technology marked by AI models The natural cycle of recessions What kind of economic threat A.I. could be to the global economy How productivity advancements will save the system Quantitative tightening & debasement Is this the end of civilization as we know it to be, or the beginning of untapped unimaginable outcomes for all of us? This is just Part 1 of our conversation, so make sure you don’t miss Part 2 of this convo for even more wisdom from Raoul Pal. Follow Raoul Pal: Website: https://www.realvision.com/ Twitter: https://twitter.com/RaoulGMI LinkedIn: https://www.linkedin.com/in/raoul-pal-real-vision/ YouTube: https://www.youtube.com/@RealVisionFinance/featured Follow Me, Tom Bilyeu: Website: https://impacttheoryuniversity.com/ X: https://twitter.com/TomBilyeu Instagram: https://www.instagram.com/tombilyeu/ SPONSORS: If you purchase an item using these affiliate links, Impact Theory may receive a commission. Get 5 free AG1 Travel Packs and a FREE 1 year supply of Vitamin D with your first purchase at https://drinkag1.com/impact . Try Audible free for 30 days! Just visit https://audible.com/impacttheory or text impacttheory to 500-500. ButcherBox is offering our listeners their choice of meat—2 lbs of ground beef, 3 lbs of chicken breasts, or 2 lbs of salmon—for free in every order for a whole year! Plus, get $20 off your first order.Sign up today at https://butcherbox.com/impact Take control of your finances and get an extended thirty-day free trial when you go to https://monarchmoney.com/impact . Try amazing skincare using code IMPACT15 when you checkout at https://oneskin.co and get 15% off your first purchase Secure your digital life with proactive protection for your assets, identity, family, and tech – Go to https://aura.com/IMPACT to start your free two-week trial. Go to https://tryfuture.co/IMPACT to get 50% off your first month and improve your health today! Take control of your gut health by going to https://tryviome.com/impact and use code IMPACT to get 20% off your first 3 months and free shipping. Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to another power-packed episode of Impact Theory, I’m Tom Bilyeu! In today’s episode, Raoul Pal and I go deep into crypto, AI, and the future of technology and the economy. Raoul Pal has become a legend in global economics as one of the most successful former hedge fund managers (retired at 36), and one of the most brilliant thought leaders that thoroughly understands how to navigate and explain the complexities of the global financial markets. And as the macro economist that Britain called on for help, his insights into the current recession, global economy, and volatile markets are well respected. We touch on: The impact of the debt cycle and hyperinflation Potential breakthroughs in the tech sector The unstoppable nature of technology marked by AI models The natural cycle of recessions What kind of economic threat A.I. could be to the global economy How productivity advancements will save the system Quantitative tightening & debasement Is this the end of civilization as we know it to be, or the beginning of untapped unimaginable outcomes for all of us? This is just Part 1 of our conversation, so make sure you don’t miss Part 2 of this convo for even more wisdom from Raoul Pal. Follow Raoul Pal: Website: https://www.realvision.com/ Twitter: https://twitter.com/RaoulGMI LinkedIn: https://www.linkedin.com/in/raoul-pal-real-vision/ YouTube: https://www.youtube.com/@RealVisionFinance/featured Follow Me, Tom Bilyeu: Website: https://impacttheoryuniversity.com/ X: https://twitter.com/TomBilyeu Instagram: https://www.instagram.com/tombilyeu/ SPONSORS: If you purchase an item using these affiliate links, Impact Theory may receive a commission. Get 5 free AG1 Travel Packs and a FREE 1 year supply of Vitamin D with your first purchase at https://drinkag1.com/impact . Try Audible free for 30 days! Just visit https://audible.com/impacttheory or text impacttheory to 500-500. ButcherBox is offering our listeners their choice of meat—2 lbs of ground beef, 3 lbs of chicken breasts, or 2 lbs of salmon—for free in every order for a whole year! Plus, get $20 off your first order.Sign up today at https://butcherbox.com/impact Take control of your finances and get an extended thirty-day free trial when you go to https://monarchmoney.com/impact . Try amazing skincare using code IMPACT15 when you checkout at https://oneskin.co and get 15% off your first purchase Secure your digital life with proactive protection for your assets, identity, family, and tech – Go to https://aura.com/IMPACT to start your free two-week trial. Go to https://tryfuture.co/IMPACT to get 50% off your first month and improve your health today! Take control of your gut health by going to https://tryviome.com/impact and use code IMPACT to get 20% off your first 3 months and free shipping. Learn more about your ad choices. Visit megaphone.fm/adchoices See Privacy Policy at <a href="https://art19.com/privacy" rel="noopener noreferrer" target="_blank

Unchained is running its annual survey to better serve you. Please answer our annual survey here. 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. Listen to the episode on Apple Podcasts , Spotify , Overcast , Podcast Addict , Pocket Casts , Pandora , Castbox , Google Podcasts , Amazon Music , or on your favorite podcast platform. 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 Thank you to our sponsors! Arbitrum Foundation Phemex Popcorn Network Guest Raoul Pal , cofounder and CEO of Real Vision Links Bitcoin ETF and markets: Unchained: Bitcoin Surges Past $40,000 for First Time Since April 2022 Signs Increasingly Point to January Approval of Spot Bitcoin ETF Applications <a href="https://unchainedcrypto.com/77-of-financial-advisors-are-waiting-for-a-spot-bi

Raoul Pal, founder and CEO of Real Vision and author of the Global Macro Investor, joins Julia La Roche on episode 121 to share his macro outlook, views on cryptocurrency and AI, and his Exponential Age thesis. In this episode, Pal makes a case that we’re currently in the bottom of the business cycle and could be headed for what he’s coined as “macro summer” next year. According to Pal, a macro summer is the “holy grail for macro investing,” characterized by falling rates, falling inflation and growth picking up. Pal noted that tech stocks and crypto priced in a recession last year, and they’re forward-looking, indicating a more positive outlook for the economy, while the Russell 2000 and oil are more reflective of the present day and a slow economy. Pal, a Goldman Sachs alum, previously co-managed GLG's global macro fund, one of the world's largest. Since retiring back in 2004 at age 36, he now authors a research letter, The Global Macro Investor (GMI) , which is read by some of the most influential hedge funds and asset managers. He's also the founder of Real Vision, an online subscription media company specializing in long-form investor interviews. Links: Twitter/X: https://twitter.com/raoulgmi GMI: https://globalmacroinvestor.com/ https://www.realvision.com/ 0:00 Welcome Raoul Pal 1:23 Macro view today 4:37 We’re at the bottom of the business cycle now 6:02 In “macro spring” headed for “macro summer” 7:50 Why rates will go lower faster than people think 8:27 Paying interest on the debt 10:15 Did we experience a recession already? 12:29 Inflation 14:15 False narratives in macro 16:12 Central Bank’s currency debasement 19:08 Destruction of the American Dream 21:51 The debt problem 26:30 The Exponential Age and the Everything Code 30:27 The darker view 32:40 Higher for longer 34:45 Portfolio construction in this environment 39:40 Robotics and UBI 43:13 Timeline on crypto and broader adoption 48:12 Psychology of the ups and downs 53:07 Acceleration of AI 54:04 Fourth Turning 55:30 Parting thoughts The Julia La Roche Show is produced by Marlinksi Media: https://www.marlinskimedia.com/