Raoul Pal

Fabulous to hang out with @kostascrypto and the Mysten/Sui team in Athens. Such a lovely and incredibly smart team. Also loved seeing Kostas's Robot dog which uses a Sui wallet for verification/authorization - a really unique but powerful use case for blockchains. https://t.co/XaS4vw2qkk

Definitely worth your time if you care about where we are going in the Exponential Age and the Economic Singularity

This is a really crisp post on why digital art NFTs matter

@angusshillingto @vaneck_us Or is it hear hear? I never know...

@AndreasSteno @RosenvoldGeo @RealVision That can be arranged.

@AndreasSteno @RosenvoldGeo @RealVision You can reward yourself with a pickled herring dinner and a Carlsberg

Just want to give a shout out to @AndreasSteno and @RosenvoldGeo who have done an outstanding job for the @RealVision community in their reading of the Iran war and their very prescient calls. Well done so far chaps! (I'm trying not to jinx you!)

@mpeyfuss Either works to show network validity but they key is both

@MajorDuffles @RealVision Thanks for being a huge part of it

In the entire massively diverse crypto space there is a small but extremely important group of people who live in the digital space who are the smartest, nicest, most driven, most diverse, most creative, most supportive, most inclusive and most curious people I've ever met .

Wall Street is moving onchain. The question isn't if. It's which infrastructure wins. I sat down with @VivekVentures and @dannyryan from Etherealize to talk about Ethereum's role in tokenization, stablecoins, AI agents, and the regulatory path ahead. As ever, please enjoy! https://t.co/T0Abrqbpy6

If Metcalfe’s Law is the best way to value blockchains, which I believe it is, then the two variables that matter are value transacted per user and total users. They compound. The key future drivers: Value transacted per user will come from the financial system moving to blockchain rails, led by stablecoins and then the tokenization of everything else. TradFi value dwarfs everything else. User growth will come from agents. Smaller transactions, but orders of magnitude more users than humans will ever produce. Everything else will be a rounding error in 10 years.

The Everything Code suggests that over time the NDX has a 97% correlation with GMI Total Global Liquidity. Total Liquidity is at all time highs. NDX is following. We have been long tech stocks in GMI (and RV Pro) since Dec 2022 when liquidity bottomed. Crypto has digested the lagged effect of the US shutdown and liquidity crunch and should follow suit and head back to new highs as the business cycle improves and the Iran war fades. This has been a nasty mid cycle correction in my view and as marginal liquidity was withdrawn it got hit hard but as it comes back, it should accelerate. Let's see but nothing in my framework has changed. That …

The Everything Code in a nutshell...

@onechancefreedm @grok All good! I still think we are mid cycle

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Here is an update of my view, if you care...

The institutional wave in crypto isn't coming. It's already being built. I sat down with @ThomasFarley to talk about what Bullish is up to in 2026, where the real money is moving, and why tokenization changes everything. As ever, please enjoy! https://t.co/DAsBZRk9Tp

@finnjclancy You didn't live with decades of violence and bombings

@TeeJ_0_o Thanks

The underpriced right tail is the Middle East finds a long term solution with a no-nuke Iran, no Hezbollah aggression and removal of sanctions over time with Iran back into the global economy. This is the grand prize... Things like this seem impossible but so was Ireland.

ETH/BTC cross is getting very interesting here and is consistent with the rising business cycle (ISM) and rising liquidity... 1/ https://t.co/i03wXYa4Js The long term chart is still very constructive. ETH has broadly held its value vs BTC since 2017 and if this chart plays out it should outperform over time. https://t.co/c6w7OoPQp9 And that makes intuitive sense as a smart contract platform has a very different TAM than a store of value which can only accrue the value of total savings as opposed to economic activity. Smart contract dominance will rise over time vs BTC because of this difference.

The full set of 5 "Know Your Overlords - Tech Epochalypse" by @Coldie now safely tucked away in The Culture Vault. Now it's time to touch the art. Its a very clever interactive and kinetic networked art series and part of a much bigger Coldie vision.... https://t.co/mZgfCs3pNs

Too many people trade. Too few people accumulate in a secular trend (especially through weakness) and allow it to compound. There are very few rich traders but there are many, many rich people who owned assets for longer time horizons. Zoom out. And don't fuck this up.

@agreenberg And Mediterreo the famous song

Blockchain wasn't built for humans. It was built for machines. We just didn't know it yet. My conversation with Arpan from @0xbeepit on agents, money, and the invisible economy that's already going vertical. As ever, please enjoy! https://t.co/tNGsUmGz3D

Join us in Geneva! It will be a great event...

We are getting to that point of doom on Iran where X got to on Ukraine. Back then without gas and food we were going to be cholipping frozen, starved, dead Europeans of the streets. This time it's oil, gas, fertilizer and helium all about to bring about the end of humanity as we know it....

I've got something different for you today. As I'm travelling, we have a great panel from our Crypto Gathering in Miami. @goldmembrrr sat down with @ViPowow and @farokh to chat Web3, where it's going, what it needs to do better, and how prediction markets fit into all this. As ever, please enjoy!

@rvintern_ You are a dummy. You have zero chance