Podcast appearances and mentions of raoul pal

Raoul Pal welcomes Armani Ferrante, founder of Backpack and Mad Lads, for a conversation on Solana, tokenized stocks, prediction markets, AI agents, and the future of global finance. Armani explains how Backpack is working to bring regulated financial markets onchain, why tokenized equities could open access to U.S. stocks around the world, and how crypto rails may become the global API for finance. Today's episode is supported by Pyth Network, the fastest-growing name in market data, packed with over three thousand instruments covering equities, commodities, FX, rates, and crypto, plus the largest set of 24/7 financial indices out there. Pyth has already partnered with Fidelity, Revolut, Kalshi, Jane Street, Coinbase, and the U.S. Department of Commerce, and has recently developed a new model for financial data distribution. When modern markets require modern data solutions, Pyth Network is quickly becoming the answer. And it's probably the only name in market data you can check out for free. Head over to pyth.network to take advantage of their free trial. TOKEN2049 Singapore, the world's largest crypto event, returns to Marina Bay Sands on 7–8 October. 25,000 attendees, 500 exhibitors, 300 speakers and 1,000 side events take over the city during TOKEN2049 Week. On stage: Raoul Pal (Real Vision), Jeff Yan (Hyperliquid) and Shayne Coplan (Polymarket). The Real Vision community gets 10% off tickets, claim yours. URL: https://checkout.token2049.com/events/asia?promo=realvision10&utm_source=newsletter&utm_medium=email&utm_campaign=realvision&utm_id=realvision

Raoul Pal welcomes back Richard Galvin, Co-Founder of Digital Asset Capital Management to break down why crypto may be nearing the end of its long, frustrating reset. They discuss why DeFi volumes, tokenization, AI agents, trading bots, stablecoins, and 24/7 markets could dramatically expand crypto's addressable market. They also explore Bitcoin, Zcash, Hyperliquid, Robinhood's rapid growth, crypto VC, and why the application layer may be one of the most mispriced areas of the market.Today's episode is supported by Pyth Network, the fastest-growing name in market data, packed with over three thousand instruments covering equities, commodities, FX, rates, and crypto, plus the largest set of 24/7 financial indices out there. Pyth has already partnered with Fidelity, Revolut, Kalshi, Jane Street, Coinbase, and the U.S. Department of Commerce, and has recently developed a new model for financial data distribution. When modern markets require modern data solutions, Pyth Network is quickly becoming the answer. And it's probably the only name in market data you can check out for free. Head over to pyth.network to take advantage of their free trial.TOKEN2049 Singapore, the world's largest crypto event, returns to Marina Bay Sands on 7–8 October. 25,000 attendees, 500 exhibitors, 300 speakers and 1,000 side events take over the city during TOKEN2049 Week. On stage: Raoul Pal (Real Vision), Jeff Yan (Hyperliquid) and Shayne Coplan (Polymarket). The Real Vision community gets 10% off tickets, claim yours.URL: https://checkout.token2049.com/events/asia?promo=realvision10&utm_source=newsletter&utm_medium=email&utm_campaign=realvision&utm_id=realvision

Raoul Pal joins Milk Road Crypto to explain why he believes crypto investors are being handed a rare opportunity: the chance to own the infrastructure that could power the emerging AI and machine economy. In this episode, Raoul breaks down his latest macro and crypto outlook, including why global liquidity, not individual Fed decisions, remains the key force driving Bitcoin, Ethereum, Solana and the broader crypto market. He explains why AI investment is currently absorbing enormous amounts of capital, what needs to change for crypto liquidity to accelerate, and why a weaker dollar could become an important catalyst for risk assets.~~~~~⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

Send us Fan MailAuthors using AI is Raoul Pal's new book the future?  AI "partenered" with author Raoul Pal to help his publishers turn 30 years of his ideas, speeches, frameworks and intellectual property into his new book, The Everything Code. Is this the future of AI book writing — and what does it mean for authors? In this episode I look at the fascinating story behind Raoul Pal's new book and why Harriman House, Pan Macmillan describe the process as “human-originated and AI-facilitated.” The source material was Pal's own archive material works, while the final text went through human shaping, structuring and editing. Rather than asking AI to invent a book from scratch, the process drew on Raoul's existing body of work — (his IP) his own ideas, writing, speeches and frameworks — using the AI system Weave developed by CHAPTR, alongside fact-checking, editorial shaping and human review. That distinction matters. As an author, publisher, and AI Book Coach, I've long been saying we're moving toward a model where AI can help writers organise, retrieve, connect and develop their own intellectual property without replacing the human voice behind it. BUT AUTHOR BEWARE... human storytelling is what million dollar premium ghostwriter Nicolas Cole on X calls Personality Content  vs Commodity Content — the difference between words anyone could produce, and words only one person, with one specific life, could ever have written.In nonfiction books human content it is essential to win the day over informational facts that we can glean from AI. And Raoul Pal is an especially interesting example because his thinking goes beyond writing into something else I'm fascinated by: the Future Self, exponential change and how we prepare ourselves for the world that AI is creating. [Full disclosure his book is still in pre-order so I haven't yet read it...but from his interview on Diary of a CEO I heard him him explain why our world economy is F*ucked and what his "real vision" is for our future. He shared a Future Self hack he himself uses.In this episode: — Raoul Pal and The Everything Code — How AI was used in creating the book — Why “human-originated, AI-facilitated” matters — Using your own IP rather than letting AI become the author — What this could mean for authors, experts and thought leaders 

Raoul Pal welcomes back Jordi Visser for a wide-ranging conversation on AI, Bitcoin, tokenization, bonds, productivity, and the future of markets. The guys explore why the panic around bond yields may be overdone, and how AI-driven productivity is already showing up in corporate profits. Then they break down how tokenization could disrupt asset management, why 24/7 markets may favor bots over humans,  and why the next phase of crypto may be about far more than just price. Today's episode is supported by Pyth Network, the fastest-growing name in market data, and probably the only one you can check out for free. They've developed a new model for financial data distribution and they've already partnered with Fidelity, Revolut, Kalshi, Jane Street, Coinbase, and the U.S. Department of Commerce. Three thousand-plus instruments across equities, commodities, FX, rates and crypto, plus the largest set of 24/7 financial indices out there. When modern markets require modern data solutions, Pyth Network is quickly becoming the answer. Head over to pyth.network to take advantage of their free trial. TOKEN2049 Singapore, the world's largest crypto event, returns to Marina Bay Sands on 7–8 October. 25,000 attendees, 500 exhibitors, 300 speakers and 1,000 side events take over the city during TOKEN2049 Week. On stage: Raoul Pal (Real Vision), Jeff Yan (Hyperliquid) and Shayne Coplan (Polymarket). The Real Vision community gets 10% off tickets, claim yours. URL: https://checkout.token2049.com/events/asia?promo=realvision10&utm_source=newsletter&utm_medium=email&utm_campaign=realvision&utm_id=realvision=

Get those bud lights ready and those Doritos bags open, because it's time for another episode of Drink with Raoul. Raoul Pal cuts through the chaos with an urgent update on what's really driving the market selloff. He'll walk you through the broader macro picture, where we are in the business cycle, and what the extended cycle theory tells us about what's next. This is about zooming out, understanding the structure beneath the surface, and staying focused while others lose their heads. Expect alpha, clarity, and yes... some snobby snacks and wine talk to take the edge off. If you need perspective, you'll find it here. Today's episode is brought to you by TOKEN2049. TOKEN2049 Singapore, the world's largest crypto event, returns to Marina Bay Sands on 7–8 October. 25,000 attendees, 500 exhibitors, 300 speakers and 1,000 side events take over the city during TOKEN2049 Week. On stage: Raoul Pal (Real Vision), Jeff Yan (Hyperliquid) and Shayne Coplan (Polymarket). The Real Vision community gets 10% off tickets, claim yours. https://checkout.token2049.com/events/asia?promo=realvision10&utm_source=newsletter&utm_medium=email&utm_campaign=realvision&utm_id=realvision

Believe in your vision so deeply that other people can't understand it. Stay committed, ignore the doubt, and let your results prove that your confidence was never delusion—it was conviction. ————————————

Welcome back to another thought-provoking episode of Impact Theory with Tom Bilyeu. Today, we continue our groundbreaking conversation with macro investor and visionary thinker Raoul Pal, exploring the seismic technological revolution reshaping our world. In this episode, Raoul Pal breaks down why artificial intelligence represents the ultimate leap in human advancement—and why investing in technology right now may be more crucial than ever.From the fundamentals of network effects and exponential growth, to the unprecedented speed of AI adoption and its implications for markets, capital allocation, and societal productivity, this episode dives deep into how the coming economic and technological supercycle could redefine wealth, work, and global competition. We examine the optimism and risks inherent in this transformation, and what it means for investors, governments, and everyday people. Strap in as we debate the future of intelligence, productivity, and how to navigate this new era—whether with caution or conviction.Let's dive in.00:00 Intro00:30 AI and Metcalfe's Law explained04:57 OpenAI and rapid user growth12:13 Managing Crypto Investment Volatility29:01 Economic impacts of AI and robots32:16 Automation impact on labor force44:58 Understanding liquidity and euro-dollar debt51:37 Embracing unstoppable changeWhat's up, everybody? It's Tom Bilyeu here:Want my help starting a business? Join me here inside Zero To FounderSign up for my AI Masterclass: AI MasterclassFOLLOW TOM:Instagram: https://www.instagram.com/tombilyeu/Tik Tok: https://www.tiktok.com/@tombilyeu?lang=enTwitter: https://twitter.com/tombilyeuYouTube: https://www.youtube.com/@TomBilyeuCash App: Download Cash App Today: https://capl.onelink.me/vFut/v6nymgjl #CashAppPod*Cash App is a financial services platform, not a bank. Banking services provided by Cash App's bank partner(s). Prepaid debit cards issued by Sutton Bank, Member FDIC. Cash App Visa® Debit Flex Cards issued by Sutton Bank, Member FDIC, and The Bancorp Bank, N.A., pursuant to a license from Visa U.S.A. Inc. See terms and conditions for the Sutton prepaid card, Sutton debit flex card, and Bancorp debit flex card. Cash App Green features, Savings, Direct deposit, Round ups, Overdraft coverage and Discounts provided by Cash App, a Block, Inc. brand. Visit cash.app/legal/podcast for full disclosure.Quince: Free shipping and 365-day returns at https://quince.com/impactpodWhatnot: Download the Whatnot app today and get free shipping on your first order.Surfshark: Go to https://surfshark.com/TOMB or use code TOMB at checkout to get 4 extra months of Surfshark! ATT Business: Switch to AT&T Business at business.att.comHorizon.ai: Go to https://horizon3.ai/IMPACTTHEORY and request your free NodeZero demo. No commitment required. Results in hours, not weeks.Quo: Try for free PLUS get 20% off your first 6 months at https://quo.com/impactIncogni: Take your personal data back with Incogni! Use code IMPACT at the link below and get 60% off an annual plan: https://incogni.com/impact Pique: 20% off at https://piquelife.com/impactShopify: Own your customer relationships. Own your revenue. Start with a free trial at https://shopify.com/impactKetone IQ: Visit https://ketone.com/IMPACT for 30% OFF your subscription orderSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Welcome back to Impact Theory with Tom Bilyeu! In this episode, we're joined once again by Raoul Pal, a renowned macro investor and futurist thinker. Raoul Pal dives deep into the seismic shifts happening in the global economy, exploring how AI and technology are driving the next exponential age, reshaping markets, and pulling liquidity away from sectors like crypto. Together, we examine the opportunities—and challenges—facing investors in an uncertain world, including the impact of central bank decisions, the evolution of money and digital assets, and the looming transition to AI-driven decision-making at every level of business and government.From debunking doom-laden narratives about the decline of the US dollar to strategies for surviving—and thriving—amid market cycles, Raoul Pal shares the hard-earned lessons all investors need to hear. Prepare to rethink your playbook for the future as we tackle everything from the psychology of investing to the profound societal questions emerging in the age of artificial intelligence.00:00 Intro00:59 Liquidity In the Stock Market06:44 The Dot-Com Math Nobody Runs11:20 The $600 Test22:03 Why The US Wants $3 Trillion In Stablecoins32:43 The Real Danger of the Doom Narrative44:03 Why AI Can't Kill UsCash App: Download Cash App Today: https://capl.onelink.me/vFut/v6nymgjl #CashAppPod*Cash App is a financial services platform, not a bank. Banking services provided by Cash App's bank partner(s). Prepaid debit cards issued by Sutton Bank, Member FDIC. Cash App Visa® Debit Flex Cards issued by Sutton Bank, Member FDIC, and The Bancorp Bank, N.A., pursuant to a license from Visa U.S.A. Inc. See terms and conditions for the Sutton prepaid card, Sutton debit flex card, and Bancorp debit flex card. Cash App Green features, Savings, Direct deposit, Round ups, Overdraft coverage and Discounts provided by Cash App, a Block, Inc. brand. Visit cash.app/legal/podcast for full disclosure.Quince: Free shipping and 365-day returns at https://quince.com/impactpodWhatnot: Download the Whatnot app today and get free shipping on your first order.Surfshark: Go to https://surfshark.com/TOMB or use code TOMB at checkout to get 4 extra months of Surfshark! ATT Business: Switch to AT&T Business at business.att.comHorizon.ai: Go to https://horizon3.ai/IMPACTTHEORY and request your free NodeZero demo. No commitment required. Results in hours, not weeks.Quo: Try for free PLUS get 20% off your first 6 months at https://quo.com/impactIncogni: Take your personal data back with Incogni! Use code IMPACT at the link below and get 60% off an annual plan: https://incogni.com/impact Pique: 20% off at https://piquelife.com/impactShopify: Own your customer relationships. Own your revenue. Start with a free trial at https://shopify.com/impactKetone IQ: Visit https://ketone.com/IMPACT for 30% OFF your subscription orderWhat's up, everybody? It's Tom Bilyeu here:Want my help starting a business? Join me here inside Zero To FounderSign up for my AI Masterclass: AI MasterclassFOLLOW TOM:Instagram: https://www.instagram.com/tombilyeu/Tik Tok: https://www.tiktok.com/@tombilyeu?lang=enTwitter: https://twitter.com/tombilyeuYouTube: https://www.youtube.com/@TomBilyeuSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Raoul Pal welcomes Blue Macellari, head of digital assets at T. Rowe Price, to explore why crypto has struggled despite improving fundamentals, and how AI, stablecoins, tokenization, and institutional adoption could reshape the financial system. They also discuss the risks around AI, crypto infrastructure, and what needs to change for on-chain finance to reach mainstream adoption. Recorded August 10, 2026. Today's sponsor is Plus500 US. Take your trading to the next level with cross-market contracts, from precious metals to key indices, and more. Whether you're a seasoned trader in the Futures arena or brand new, Plus500's user-friendly trading platform offers you the advanced tools, market insights, and quick execution you've been looking for. Get started with Plus500 for as little as $100 at https://us.plus500.com. Trading in futures involves the risk of loss. Timestamps: 00:00 - Why Institutional Crypto Adoption Is Accelerating 02:20 - Blue Macellari's Journey From Wall Street to Crypto 05:09 - Building a Crypto Fund Through Market Neutral Trading 07:07 - Building T. Rowe Price's Digital Assets Business 11:35 - What Traditional Finance Learned From the Crypto Crisis 14:35 - Why Crypto Markets Have Struggled Despite Better Fundamentals 18:10 - AI vs Crypto: Where Is the Capital Going? 21:05 - Tokenization, Stablecoins, and the Future of On-Chain Finance 23:36 - Crypto's Biggest Barrier to Mainstream Adoption 27:26 - Why Blockchain Identity Matters in the Age of AI 30:16 - The Risks of AI, AGI, and the Intelligence Explosion 39:51 - Where Blue Sees Opportunity in Crypto Now 43:15 - Hyperliquid, Perps, and TradFi's Growing Interest in Crypto 46:40 - How Tokenization Could Transform Asset Management 49:32 - The Hidden Risks of Tokenizing Illiquid Assets 54:07 - Why Institutions Are Finally Embracing Tokenization 56:05 - Stablecoins and the Future of Global Payments 01:01:22 - Will Liquidity Finally Return to Crypto?

Raoul Pal and GMI Head of Macro Research Julien Bittel are back with another unlocked episode of Shooting the Shit. In this conversation, Raoul and Julien break down where we are in the business cycle, why the yield curve may be the key macro signal to watch, and how liquidity, the dollar, gold, oil, and crypto are shaping the path forward. They also discuss why markets feel stuck in a choppy accumulation phase, what their indicators are suggesting about the second half of the year, and where they're starting to spot new opportunities across crypto, technology, AI, space, and emerging markets. Recorded on July 27, 2026 Today's sponsor is Plus500 US. Take your trading to the next level with cross-market contracts, from precious metals to key indices, and more. Whether you're a seasoned trader in the Futures arena or brand new, Plus500's user-friendly trading platform offers you the advanced tools, market insights, and quick execution you've been looking for. Get started with Plus500 for as little as $100 at ⁠https://us.plus500.com⁠. Trading in futures involves the risk of loss.

Dating has become another casualty of inflation. A new study finds Millennials spend an average of $252 per date and Gen Z spends $205. Meanwhile, half of singles say they're going on fewer dates or choosing cheaper activities. Plus: A 30-year-old single woman is daunted by the exorbitant cost of freezing her eggs, and TikTok investor Raoul Pal dismisses the S&P 500's 11% average annual return in favor of investing in Bitcoin. Have a money question? Email us ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.Subscribe to the Money Moves YouTube channel HERE.

Raoul Pal and Tarek Mansour, co-founder and ceo of Kalshi, explore how prediction markets, super forecasters, and regulated crypto perps are reshaping the way people trade, price risk, and filter truth from noise. Recorded June 24, 2026. And don't forget we're offering our lowest prices ever right now and you can lock them in for life. Just visit realvision.com/pricing. Offers ends July 4, 2026. Today's sponsor is Plus500 US. Take your trading to the next level with cross-market contracts, from precious metals to key indices, and more. Whether you're a seasoned trader in the Futures arena or brand new, Plus500's user-friendly trading platform offers you the advanced tools, market insights, and quick execution you've been looking for. Get started with Plus500 for as little as $100 at https://us.plus500.com. Trading in futures involves the risk of loss. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Raoul welcomes back Jordi Visser to break down how AI is creating a massive supercycle, driven by compute, energy, agents, data centers, and an explosion in intelligence. Raoul and Jordi also explore how crypto, tokenization, personal AI “vaults,” and the invisible data economy could unlock new markets, new productivity, and major investment rotations beyond just Nvidia and the current AI leaders. Recorded June 4, 2026. Today's sponsor is Plus500 US. Take your trading to the next level with cross-market contracts, from precious metals to key indices, and more. Whether you're a seasoned trader in the Futures arena or brand new, Plus500's user-friendly trading platform offers you the advanced tools, market insights, and quick execution you've been looking for. Get started with Plus500 for as little as $100 at https://us.plus500.com. Trading in futures involves the risk of loss. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Strategy zorgt opnieuw voor verwarring: het bedrijf stopte tegelijk $100 miljoen in bitcoin én $100 miljoen in dollars. Was de beroemde bitcoin yield nou positief of negatief? Verder bespreken we waarom ICO's definitief dood zijn, de opmars van Hyperliquid met meer dan 200.000 wekelijkse gebruikers, de controverse rond Arthur Hayes die volgens ZachXBT zijn volgers als exit liquidity gebruikt, en problemen bij Zcash na een hack. Natuurlijk sluiten we af met de marktupdate van Bert, want er was flink wat paniek op de aandelenmarkten.Probeer de eerste maand voor 5 euro (80% korting)Satoshi Radio wordt mede mogelijk gemaakt door: Watson Law en onze hoofdsponsor Bitvavo.Timestamps(00:00:00) Welkom en Podcast Introductie(00:16:00) Strategy: stopt $100M in BTC en $100M in USD(00:26:55) Strategy: maar was er nou een positieve of negatieve btc yield?(00:31:03) Strategy: “kill it, then”(00:43:25) ICO's zijn overleden(00:49:36) Hyperliquid weekly active users boven 200.000(00:57:13) Arthur Hayes: dumpt HYPE, NEAR en WLD(01:00:33) Arthur Hayes: is een scammer, volgens ZachXBT(01:03:00) Raoul Pal raadt Zcash aan (wegwezen dus)(01:05:10) Zcash valt uit de gratie door hack(01:24:00) Cryptosector voert druk rond Clarity Act op(01:30:50) Marktupdate(00:00:00) EindeBookmarksBertStrategy stopt $100M in BTC en $100M in USDMaar was er nou een positieve of negatieve btc yield?“Kill it, then”Arthur Hayes dumpt HYPE, NEAR en WLDZachXBT: Hayes gebruikt volgers als exit liquidityRaoul Pal raadt Zcash aan (wegwezen dus)Hyperliquidweekly active users boven 200.000PeterICO's zijn overledenZcash valt uit de gratie door hackCryptosector voert druk rond Clarity Act opCrisis bij Cardano

Raoul Pal, co-founder of Real Vision, returns to break down why the AI race is the biggest capital event in human history and why crypto holders are positioned to win. THE SHIFT NEWSLETTER

In this solo presentation, Raoul Pal explains why crypto is a long-term network adoption story, how liquidity and the business cycle drive the asset class, and why trying to perfectly time the cycle can often do more harm than good. He also breaks down his approach to Bitcoin, Ethereum, Solana, Sui, altcoins, risk management, self-custody, and using volatility to compound over time. Recorded on May 21, 2026. Today's sponsor is Plus500 US. Take your trading to the next level with cross-market contracts, from precious metals to key indices, and more. Whether you're a seasoned trader in the Futures arena or brand new, Plus500's user-friendly trading platform offers you the advanced tools, market insights, and quick execution you've been looking for. Get started with Plus500 for as little as $100 at https://us.plus500.com. Trading in futures involves the risk of loss. In this solo presentation, Raoul Pal explains why crypto is a long-term network adoption story, how liquidity and the business cycle drive the asset class, and why trying to perfectly time the cycle can often do more harm than good. He also breaks down his approach to Bitcoin, Ethereum, Solana, Sui, altcoins, risk management, self-custody, and using volatility to compound over time. Recorded on May 21, 2026.

Raoul Pal and GMI's head of macro research Julien Bittel, CFA, open their biweekly "Shooting the Shit" episode, which is normally exclusive to Real Vision Alpha members and above, to everyone. It's a sneak peek into how the guys brainstorm, interpret charts and look for opportunities through the macro lens. In this episode, they break down the forces driving markets right now, from global liquidity and crypto regulation to AI, compute, energy, stablecoins, and they explain why the old business cycle framework may be losing power as the exponential age accelerates. Today's sponsor is Plus500 US. Take your trading to the next level with cross-market contracts, from precious metals to key indices, and more. Whether you're a seasoned trader in the Futures arena or brand new, Plus500's user-friendly trading platform offers you the advanced tools, market insights, and quick execution you've been looking for. Get started with Plus500 for as little as $100 at https://us.plus500.com. Trading in futures involves the risk of loss. Timestamps: 0:00 - Introduction: The Exponential Age & Universal Code Thesis 1:40 - Trump, AI & Crypto: The Political Acceleration 4:07 - The US-China Grand Bargain: Trade, Taiwan & Nvidia 6:16 - Are We Mid-Cycle? The Case for a Supercycle 9:09 - Inflation, Compute Demand & Anthropic's Explosive Growth 11:37 - Crypto & Equity Chart Rundown (BTC, ETH, Circle, Tesla, Solar) 21:51 - Dollar, Rates & Copper: What to Watch 24:35 - Global Liquidity vs. Bitcoin: The Dominant Framework 30:02 - Portfolio Performance & Why You Shouldn't Trade Crypto 34:05 - The Buildout Has Only Begun: AI, Robots & the CapEx Supercycle 37:26 - Compute & Energy: The New GDP Formula 39:14 - The Economic Singularity & Why Old Macro Frameworks Are Broken 44:44 - Closing: Adapt Your Framework or Get Left Behind Learn more about your ad choices. Visit podcastchoices.com/adchoices

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.

Raoul Pal presents a new framework for understanding crypto, AI, and the future of economic coordination. Recorded live at Sui Miami, Raoul explains his “Everything Code” thesis, how networks, intelligence, energy, and exponential technologies are converging to reshape blockchains, markets, and the global economy.Today's sponsor is Plus500 US. Take your trading to the next level with cross-market contracts, from precious metals to key indices, and more. Whether you're a seasoned trader in the Futures arena or brand new, Plus500's user-friendly trading platform offers you the advanced tools, market insights, and quick execution you've been looking for. Get started with Plus500 for as little as $100 at https://us.plus500.com. Trading in futures involves the risk of loss. Learn more about your ad choices. Visit podcastchoices.com/adchoices

This week on REKT Vision, Bijan Maleki, filling in for Mando, sits down with Raoul Pal for his highly anticipated update on the business cycle, macroeconomic conditions, crypto price action, AI's breakneck evolution, and lifestyle tips. Binance is the world's leading blockchain ecosystem, trusted by over 300M users in 100+ countries. It offers an unmatched portfolio of digital asset products such as trading, finance, Web3, payments, and more.

AI is forcing a rethinking of everything from energy and geopolitics to markets and human purpose while raising a deeper question: are we entering an era of abundance or losing control of the systems we're building? Raoul Pal joins us live from DAS to break down how the AI arms race, liquidity dynamics, and crypto infrastructure are converging into a single macro narrative shaping the next cycle. We explore AI-driven abundance, crypto as agent infrastructure, oil and liquidity risks, tokenized data markets, and what human value looks like in an AI-dominated world. Enjoy! TIMESTAMPS: 00:00 Intro 02:12 Oil Shock Meets Macro 05:22 AI Needs More Energy 07:19 The US China Race 08:53 Why Recessions Cannot Happen 12:03 Banks Will Provide Liquidity 15:24 AI Adoption Is Mispriced 18:41 Ads (Blockworks IR, Arkham) 20:15 Superintelligence Changes Everything 24:11 What Is Human Value 30:22 AI Agents Need Crypto 37:39 AI Meets Longevity FOLLOW GUEST › Raoul – https://x.com/RaoulGMI FOLLOW THE SHOW › Felix – https://x.com/fejau_inc › Forward Guidance – https://x.com/ForwardGuidance › Telegram – https://t.me/+CAoZQpC-i6BjYTEx › Blockworks – https://x.com/Blockworks SPONSORS › ARKHAM Arkham is a crypto exchange and blockchain analytics platform that lets traders see inside the wallets of top traders, funds, and influential players in crypto — and act on that information. Sign up: https://auth.arkm.com/register?ref=blockworks Eligibility varies by jurisdiction. Users residing in certain jurisdictions may be excluded from onboarding. DISCLAIMER Nothing said on Forward Guidance is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only. Any views expressed are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed.

The Exponential Age is here, and it's accelerating — bringing developments humanity is simply not ready for. In a special crossover episode of The Journey Man and the Exponentialist, Raoul Pal sits down with David Mattin, technology lead at GMI, for a deep dive into the world of AI, tech, crypto, consciousness, and what humans can learn from sharks and crocodiles.Right now is the best time to join the Exponentialist, an independent research service co-created by Raoul and David. Markets are moving fast, with Big Tech reshaping the world as you know it. You can't stop it — but you can prepare, position, and profit. Through March 9, get 15% OFF 6 months or 25% OFF 12 months of the Exponentialist.Everything you need to understand the shift and supercharge your trading. Sign up at realvision.com/exponentialist Learn more about your ad choices. Visit podcastchoices.com/adchoices

Markets closed out the week balancing cooler inflation against renewed volatility in tech and AI. U.S. CPI rose 2.4% year-over-year in January, with core inflation falling to 2.5% — the lowest level since March 2021. While the report strengthens the case for potential Fed rate cuts, it follows a robust labor market update earlier in the week, keeping policy expectations finely balanced. Equities struggled, with the Nasdaq dropping 2% amid fresh AI disruption fears despite Anthropic raising $30 billion at a $380 billion valuation. Meanwhile, China posted a record $242 billion current account surplus in Q4 2025, highlighting export resilience despite weak domestic demand. Oil slipped on reports that OPEC+ may resume production increases in April. Gold rebounded after briefly falling below $5,000 per ounce. The yen is on track for its strongest week in a year versus the dollar. In crypto, Bitcoin remains stable week-over-week. Coinbase shares rose despite a Q4 earnings miss, even as reports surfaced that CEO Brian Armstrong has sold roughly $500 million in stock over the past nine months. Several crypto CEOs, including leaders from Ripple, Gemini, Uniswap, and Chainlink, have joined the CFTC advisory group. A volatile week wraps with inflation cooling — but crosscurrents in AI, geopolitics, and liquidity remain firmly in play.

Global markets are leaning into growth. Following the upside surprise in U.S. non-farm payrolls — with 130,000 jobs added and unemployment falling to 4.3% — investors are focusing on economic resilience rather than fading hopes of aggressive rate cuts. MSCI's All-World index is trading near record highs, while South Korea's Kospi has crossed 5,500 for the first time. Attention now turns to initial jobless claims and the upcoming CPI print, which could shape expectations for the Federal Reserve's June decision. CME FedWatch odds for a rate hold have climbed to 40%. In the UK, GDP expanded just 0.1% in Q4, while industrial production fell unexpectedly. Meanwhile, Nuveen has agreed to acquire asset manager Schroders for $13.5 billion. In digital assets, crypto markets remain steady despite Blockfills halting withdrawals. BlackRock is deepening its move into tokenized finance, bringing its Treasury-backed BUIDL token to Uniswap through Securitize. Court drama surrounding FTX has resurfaced, and Kraken has replaced its CFO ahead of its public listing. A busy macro backdrop with institutional crypto developments accelerating beneath the surface.

U.S. non-farm payrolls delivered a major upside surprise. The U.S. economy added 130,000 jobs, roughly double expectations, while unemployment fell to 4.3%. The data suggests labor market stabilization despite recent economic uncertainty. Stocks initially reacted positively, though tech names continued to weigh on broader indices. The Dow closed at record highs for a third straight session, while the Nasdaq and S&P lagged amid pressure on Alphabet and brokerages. In Asia, the Nikkei and Taiwan exchange surged to fresh all-time highs, while the yen strengthened further. China's vehicle sales fell 3.2% year-on-year amid persistent deflation pressures, and Bitcoin slipped back below $67,000 as talks over crypto market structure and stablecoin yields stalled. Meanwhile, LayerZero's ZRO token jumped over 20% following the launch of a new institutional-focused blockchain. A mixed but consequential day across macro, equities, FX, and crypto.

Global equity markets are trading at record highs, led by another rally in Japan's Nikkei, now up more than 11% year to date following Prime Minister Sanae Takaichi's decisive election victory. In the U.S., the Dow closed at an all-time high, while the Nasdaq stabilized after last week's tech selloff. The dollar remains soft, particularly against the yen, as investors await key U.S. economic data this week — retail sales, delayed non-farm payrolls, and CPI. The White House is managing expectations for slowing job growth, echoing recent comments from Fed Chair Jerome Powell about weakening labor supply and demand. In Europe, France's unemployment rate rose to 7.9%, its highest since 2021. Meanwhile, Bitcoin spot ETFs posted their first two consecutive days of net inflows since mid-January, bringing in more than $500 million. South Korea is investigating a reported $40 billion “fat-finger” crypto distribution error at Bithumb.

Global markets are starting the week on a stronger footing. Japan's Nikkei surged nearly 4% to a record high after Prime Minister Sanae Takaichi secured a historic supermajority victory. The yen strengthened as investors priced in political stability and potential fiscal expansion. Meanwhile, gold climbed back above $5,000 per ounce and silver extended its rally amid continued geopolitical tension around U.S.–Iran negotiations. In the U.S., traders are positioning ahead of key labor market and inflation data that will test expectations for a June Federal Reserve rate cut. Treasuries dipped after reports that Chinese regulators told banks to reduce exposure to U.S. bonds. Bitcoin rallied to $72,000 over the weekend before pulling back toward $68,000, while ETF outflows slowed considerably after two heavy weeks. A busy week ahead...

This was one of the most violent crypto flushes in years. Bitcoin plunged to $60,000, a 17% intraday collapse that ranks among the 10 worst drops in BTC history. More than $2.4 billion in leveraged positions were liquidated in 24 hours, pushing Fear & Greed readings to levels last seen during the FTX collapse. BlackRock's IBIT ETF recorded its highest trading volume ever, while Strategy shares sank after posting a $12 billion Q4 loss. Traditional markets also struggled, but the damage was far more contained. The S&P 500 fell 1.2%, the Nasdaq slipped 1.6%, and software stocks remain under heavy pressure amid AI disruption fears. U.S. layoff announcements surged to their highest January level since 2009. Overseas, Asia closed mostly lower, Europe fared better, and one rare positive headline emerged as U.S.–Iran negotiations began in Oman, easing geopolitical stress.

Markets are deep in risk-off mode as crypto winter tightens its grip. The ECB and Bank of England both held rates, with the BoE signaling it may be nearing the end of its easing cycle. UK political turmoil hit the pound, while tech stocks continued to unravel — AMD plunged 17%, Qualcomm disappointed, and Alphabet slid after announcing a massive increase in AI spending. Precious metals saw extreme volatility again, with silver crashing 15%, gold slipping, and oil falling after the U.S. and Iran agreed to hold talks. In macro data, German factory orders surged, but Eurozone retail sales fell, raising concerns about consumer demand. In crypto, Bitcoin dropped to $69,000, pushing the market back into Extreme Fear. Bhutan appears to be selling BTC it has mined since 2019, ETH hovered near $2,000, and scrutiny intensified around Trump-linked World Liberty Financial. CME also hinted it may explore issuing its own token.

Software stocks get slammed, gold keeps climbing, and Bitcoin loses key support again. Palvatar covers today's key macro and market headlines — from Claude's AI plugin rattling software firms to AMD's 9% plunge and a weak U.S. jobs print. Gold hits $5,000, geopolitics flares up, and inflation cools in Europe. Meanwhile, crypto remains weak with 44% of Bitcoin supply now underwater. Plus: Pro Members — don't miss Jamie Coutts' AMA and his upcoming interview with Charles Edwards on the quantum threat. Free Members — tune in to Kris and Bijan on Trading the Markets.

Markets are ripping back after a wave of fear. Palvatar breaks down the massive upside surprise in U.S. manufacturing, Musk's record-breaking $1.25T xAI merger with SpaceX, and wild moves in gold, silver, and global equities. Plus: crypto breathes after brutal liquidations, and Germany opens the door to retail crypto adoption. Featured Real Vision content: • Andreas Steno & Alexander Campbell dive into commodities volatility • Jamie Coutts hosts a live AMA for Pro Members at 4pm ET Get the day's biggest stories and what they mean for investors — in minutes.

Welcome back to the markets after a brutal weekend. Gold just had its worst day since 1983, crashing 9%, while silver fell a staggering 27%—the largest drop ever recorded. Add to that steep declines in copper and oil, and we've got the recipe for a volatile open. Meanwhile, Asian equities got crushed, with the KOSPI down 5%, and China's manufacturing PMI missed badly. In Europe, green shoots: France and the UK posted surprise PMI gains, while Germany's retail sales shocked to the upside. In crypto, BTC fell to $74K before rebounding, with more than $5.5B in liquidations since Thursday. Regulatory talks begin today at the White House, while Ripple secures a full EU license. The week is off to a chaotic start—catch the full breakdown inside.

Markets were hit with a surge of volatility after President Trump confirmed Kevin Warsh as his nominee for Fed Chair, raising fresh uncertainty around U.S. monetary policy. The VIX jumped as much as 13%, fueled further by shutdown risk and escalating tensions between the U.S. and Iran. U.S. equities sold off sharply, led by Microsoft's worst session since 2020, wiping out more than $350 billion in market value. Meanwhile, Europe offered a rare bright spot as Eurozone GDP beat expectations, unemployment fell to a record low, and Spain led growth. Precious metals saw extreme reversals after a scorching run — silver plunged 15%, gold dropped as much as 8%, yet remained on track for its best monthly performance since 1982. In crypto, Bitcoin fell to $81,000, marking its worst streak of monthly losses since 2018, triggering $1.8B in liquidations. Binance announced it would convert $1B of stablecoins into BTC, offering a rare vote of confidence. A packed, volatile session — all the key facts, no spin.

⬜ Welcome to Palvatar Market Recap, your go-to daily briefing on the latest market movements, global macro shifts, and crypto trends—powered by Raoul Pal's AI avatar, Palvatar. ⬜ In today's update, Palvatar… covers a lighter market recap amid Crypto Gathering buzz. Global equities slipped after U.S. services and manufacturing PMIs missed expectations, signaling slowing momentum. Oil jumped over 2% on geopolitical tensions despite rising U.S. inventories. The Bank of Japan held rates at 0.75% while tweaking growth forecasts. Crypto remained subdued, with large Bitcoin buys offset by notable exchange inflows.

⬜ Welcome to Palvatar Market Recap, your go-to daily briefing on the latest market movements, global macro shifts, and crypto trends—powered by Raoul Pal's AI avatar, Palvatar. ⬜ In today's update, Palvatar breaks down a global risk-on rally after President Trump eased tariff tensions with Europe, lifting equities while softening gold. Strong U.S. data reinforced confidence, with lower-than-expected jobless claims and an upward GDP revision, as markets await the PCE inflation print. Europe signaled policy stability, UK data surprised to the upside, and crypto held firm, highlighted by BitGo's IPO and a standout Solana token debut.

⬜ Welcome to Palvatar Market Recap, your go-to daily briefing on the latest market movements, global macro shifts, and crypto trends—powered by Raoul Pal's AI avatar, Palvatar. ⬜ In today's update, Palvatar covers a lighter schedule as the team heads to Miami for the Crypto Gathering, while markets grapple with renewed trade tensions. U.S. equities sold off sharply after President Trump's comments on Greenland and potential European tariffs. UK producer prices held at 3.4%, stoking inflation concerns. Asian markets were mixed amid higher yields, tariff risks, and cautious sentiment ahead of Davos discussions.

⬜ Welcome to Palvatar Market Recap, your go-to daily briefing on the latest market movements, global macro shifts, and crypto trends—powered by Raoul Pal's AI avatar, Palvatar. ⬜ In today's update, Palvatar breaks down a sharp global risk-off move as Greenland tensions and renewed tariff threats push equities lower and volatility higher. Gold and silver hit fresh records, while investors watch a key Supreme Court case tied to Fed independence. The report also covers mixed inflation signals from Canada and Germany, Asia's AI-driven export boom, rising Japanese bond yields, and crypto weakness amid geopolitical stress.

⬜ Welcome to Palvatar Market Recap, your go-to daily briefing on the latest market movements, global macro shifts, and crypto trends—powered by Raoul Pal's AI avatar, Palvatar. ⬜ In today's update, Palvatar walks through a volatile macro backdrop as tariff threats tied to U.S.–Europe relations weigh on global markets and push gold and silver to record highs. Eurozone inflation slips below target, reinforcing expectations of steady ECB policy, while China meets its GDP goal despite weak domestic demand. Japan faces economic headwinds ahead of key political events. In crypto, bitcoin drops sharply amid liquidations, even as ETF flows, Ethereum activity, and regulatory debates remain in focus.

⬜ Welcome to Palvatar Market Recap, your go-to daily briefing on the latest market movements, global macro shifts, and crypto trends—powered by Raoul Pal's AI avatar, Palvatar. ⬜ In today's update, Palvatar highlights a mixed global equity backdrop, with U.S. markets steady, Europe softer, and Asia boosted by record highs in Taiwan and South Korea following strong TSMC results and a major U.S.–Taiwan chip deal. The dollar strengthened as U.S. jobless claims fell, reducing near-term Fed cut expectations. Commodities dipped, while crypto markets stayed volatile amid regulatory uncertainty and new futures launches.

⬜ Welcome to Palvatar Market Recap, your go-to daily briefing on the latest market movements, global macro shifts, and crypto trends—powered by Raoul Pal's AI avatar, Palvatar. ⬜ In today's update, Palvatar highlights a rebound in global equities driven by strong TSMC earnings, upbeat UK and Eurozone economic data, and easing U.S.–Iran tensions. Oil prices slide as geopolitical risks cool, while U.S. jobless claims fall. Crypto markets remain resilient, with Bitcoin nearing $98,000, robust ETF inflows, and regulatory negotiations in Washington facing fresh delays without derailing the broader rally.

⬜ Welcome to Palvatar Market Recap, your go-to daily briefing on the latest market movements, global macro shifts, and crypto trends—powered by Raoul Pal's AI avatar, Palvatar. ⬜ In today's update, Palvatar breaks down a busy macro session as global markets trade mixed amid soft U.S. inflation data, geopolitical tensions with Iran, and underwhelming bank earnings. Precious metals hit record highs, oil holds steady, and delayed U.S. data shows resilient retail sales and easing mortgage rates. In Asia, Japan stocks surge while China posts a record trade surplus. Crypto sentiment improves as Bitcoin tops $96,000 on strong ETF inflows.

⬜ Welcome to Palvatar Market Recap, your go-to daily briefing on the latest market movements, global macro shifts, and crypto trends—powered by Raoul Pal's AI avatar, Palvatar. ⬜ In today's update, Palvatar breaks down softer-than-expected US inflation data that lifted equities and fueled hopes for Fed rate cuts, alongside growing controversy surrounding Chair Jerome Powell. Global markets were mixed, with Japan's Nikkei hitting record highs as the yen slid. In crypto, Bitcoin surged above $92,000 on renewed institutional buying, while regulatory developments, IPO chatter, and protocol upgrades shaped broader digital asset sentiment.

⬜ Welcome to Palvatar Market Recap, your go-to daily briefing on the latest market movements, global macro shifts, and crypto trends—powered by Raoul Pal's AI avatar, Palvatar. ⬜ In today's update, Palvatar covers a turbulent start to the week as Federal Reserve Chair Jerome Powell faces a DOJ investigation, shaking U.S. markets and sending gold to record highs. Investor confidence in Europe shows modest improvement, while Bitcoin remains range-bound despite macro drama. Privacy coins surge, Coinbase ramps up lobbying efforts, and key inflation and China trade data loom, keeping markets on edge.