Raoul Pal: The Journey Man

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.

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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.

🔥 *Download Raoul Pal's 4-year investing roadmap for free:* https://rvtv.io/41fVHWF

Timestamps:
00:00 - Coming up on Raoul Pal The Journey Man

01:06 - How Raoul Screwed Up

03:20 - Why Selling Bitcoin Early Was a Massive Mistake
05:48 - The “Everything Code” and Currency Debasement
07:35 - Why Demographics Are Driving Global Debt Higher
09:06 - How Liquidity and Money Printing Drive Markets
10:55 - Why Bitcoin Tracks Global Liquidity So Closely
12:05 - The ISM Business Cycle’s Impact on Crypto Markets
13:26 - Why Ethereum and Altcoins Outperform Late Cycle
14:42 - The “Don’t F This Up” Rules for Crypto Investing
18:08 - Why Buying the Dip Matters More Than Timing Cycles
19:35 - Why Raoul Thinks Crypto Could Reach $100 Trillion
20:49 - Inside Raoul’s “GMI Compounding Machine” Strategy
25:50 - Why Most Investors Fail Trying to Trade the Cycle
27:23 - Raoul’s Core Crypto Portfolio: BTC, ETH, SOL & SUI
29:09 - Why Layer 1 Blockchains Will Power the Future Economy
31:56 - Understanding Metcalfe’s Law and Network Adoption
35:26 - The Key Metric Raoul Uses to Evaluate Crypto Networks
36:50 - Why Altseason Happens During Economic Expansion
38:40 - The Economic Singularity and AI’s Impact on Humanity
41:08 - Why Art Becomes More Valuable in the AI Era
43:57 - How Crypto Art Creates Long-Term Wealth
45:04 - Raoul’s Final Framework for Building Crypto Wealth
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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

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Raoul welcomes the artist, Coldie, for a deep dive into Coldie's career and how he came to help pioneer the future of AI, interactive, and on-chain art. Recorded May 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.

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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.
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Raoul welcomes Yoni Assia, Founder and CEO of eToro, explore how AI agents, tokenization, and crypto rails could reshape global markets into 24/7, machine-driven systems. Raoul and Yoni also argue that finance is moving toward a future where AI doesn’t just assist investors — it trades, builds, learns, and forms capital on its own. Recorded April 30, 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.
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