Raoul Pal

Raoul Pal

1,196,706 Twitter followers

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Founder/CEO Global Macro Investor, @RealVision. Figuring things out at the nexus of Macro, Web3 & the Exponential Age. Not a guru. Get free RV access (click 🔗)

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Long-term personal private memory of AI models is going to end up as one of the most powerful business moats ever created. Once a model truly knows you, it's going to be near impossible to change models. Yes, it's utopian and dystopian at the same time but it's what will happen.

Hosted Raoul on The Meebits Podcast to discuss his view on tokenized digital art. It was raw, unfiltered, and massively bullish. We’ll be dropping the episode next week. Turn on notifications for @MeebitsNFTs to be the first to watch it.

The comeback arc of art on blockchain is still something 99% of people don't understand and conflate NFT mania (same as memes are/were) in order to write it off. Meanwhile much incredible art is being created and prices for legacy grails are exploding which will help old and new

The Elon vs Thomas Newton (The Man Who Fell To Earth) hyperstition arc is becoming eerily accurate ...

The comeback arc of art on blockchain is still something 99% of people don't understand and conflate NFT mania (same as memes are/were) in order to write it off. Meanwhile much incredible art is being created and prices for legacy grails are exploding which will help old and new artists and encourage new collectors. Expect @cryptopunksnfts and @XCOPYART and @beeple to lead and that's ok... it will pave the way for a generative art comeback too... Squiggles, Fidenza, Ringers, Autoglyphs with then also pave the way for all the incredible other artists too. If you need any inspiration my The Culture Vault collection is a pathetically small start...and I'm still building it and missing many great

Still think this is the most important and still not understood things I've ever posted

Not on holiday yet so I'll allow myself one more thread... The markets are crazy! NFT are just jpegs! Dog coins! Cat coins! Tesla ! GameStop! Everyone is going to get burned! Don't they realize about discounted cash flows?!!! These people are ruining everything! Green energy?!

Inside Telegram's plan to bank billions of people w/ @ManuelStotz from @ton_blockchain— enjoy!... 00:00 - Intro 05:00 - Early Life & Education 10:00 - Kingsway Capital & Frontier Markets 15:00 - Transition to Crypto & #Bitcoin Adoption 20:00 - TON Investment Thesis & @telegram Network 25:00 - Tencent Analogy & Super App Strategy 30:00 - Competitive Landscape & Super App Race 35:00 - US Market Entry Plan 40:00 - $TON Use Cases: Payments, Gifts, Gaming 45:00 - Building the Developer Ecosystem 50:00 - UX Challenges & Global Product Design 55:00 - Geopolitical Risks & Telegram’s History 60:00 - Europe Tech Stagnation & TON’s Potential 63:00 - Closing Thoughts

Over time, due to aging demographics, governments need to borrow more money to support GDP growth to pay interest on the debt. At over 100% of GDP in debt there isn't enough economic cash flow to fund the debt growth so it gets "printed" via Fed Net Liquidity and also forced, via regulation, onto the balance sheet of the banks. That debases the currency and lowers the denominator, optically making scarce assets more valuable. Crypto (Mainly Bitcoin) is the life raft as it not only offsets the annual 8% debasement but also gains value due to adoption effects. These two charts remain the most important chart in all macro and the ones the least people understand. It's all demographics. It always has been

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