Raoul Pal

I get a million "when banana zone?".

In RV Pro and GMI we called the start in Sept 2024, BTC doubled since then and quality alts 3x to 5x.

We explained the Phase 1 correction in Jan to April, and called the low in April too

The M2 chart is at acceleration point. Rates are coming down. The dollar is weakening...

All that is left for Alts Season is the ISM decisively moving above 50. If your token doesn't perform, you've got the wrong allocation

That's the playbook.

(Taps screen) - Remember 90% of Bitcoins price action is driven by liquidity and 97% of the NDX. The rest is adoption effects.

Relative performance of tokens or stocks are driven almost entirely by provable network effects (adoption)

Your <insert narrative> is not the answer

Updated GMI BTC/M2 chart:

Nothing seems unusual here but please do not expect all wiggles to match or all timing points to be exact, it's the overall contextualization that matters the most... and yes, alts bleed more than BTC in corrections.

Updated GMI BTC/M2 chart:

Nothing seems unusual here but please do not expect all wiggles to match or all timing points to be exact, it's the overall contextualization that matters the most... and yes, alts bleed more that BTC in corrections.

Keeps trucking along, doing its debasement thing... if 89% of all BTC's price action is explained by Global Liquidity then by definition almost all "news" and "narrative" is noise. Enjoy your weekend...

I just want to give a shout out to @money_penny_NFT and Chris Nyers who are the RV members who help run our communities.

Penny helps oversee the crypto and macro communities, discords, on platform and IRL RV Meet Ups and Chris does the same for the exclusive RVIP Club.

Real Vision has the largest and most engaged community in finance/crypto and it's driven by our members and ambassadors.

Penny and Chris make magic happen! Without them our communities wouldn't be the same. It's the special sauce and the new platform will only accelerate that.

🙏

I just want to give a shout out to @money_penny_NFT and Chris Nyers who are the RV members who help rub out communities.

Penny helps oversee the crypto and macro communities, discords, on platform and IRL RV Meet Ups and Chris does the same for the exclusive RVIP Club.

Real Vision has the largest and most engaged community in finance/crypto and it's driven by our members and ambassadors.

Penny and Chris make magic happen! Without them our communities wouldn't be the same. It's the special sauce and the new platform will only accelerate that.

🙏

At EXPAAM we are looking for long-biased crypto hedge funds, investing in extremely high conviction names and the ability to take concentrated positions; fully liquid (i.e no VC) with decent liquidity - Fund or SMA's

Please email [email protected]

http://www.expaam.com

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

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

For those of you who follow my NFT art collection The Culture Vault, I have just added several pieces by the incredibly talented and visceral artist @MaNiCArt_ . He has one of the most heartbreaking yet inspiring stories in our digital art world and still little known... 1/

I'm trying to endlessly get across a couple of core messages in the world of the Exponential Age and currency debasement ( the mega trends)

You don't own enough crypto

When you do, you don't own enough NFT's, as art is upstream of wealth.

Both will never be this cheap again.

There appears to be no escape from the Cryptodickbutt supermassive black hole...

Of all the currency pegs in the world, the hardest, most infallible is @CryptoDickbutts

1 D always equals 1 B

Do with this information what you will...

I'm forming a view that in an ETH bull market (and eventual new highs across the space)

=

@cryptopunksnfts ⬆️ obvs...

Leading to

@BoredApeYC ⬆️ as team can focus

@CryptoDickbutts ⬆️as cheap OG assets (IYKYK)

@MeebitsNFTs ⬆️ as cheap OG assets now under great new ownership

While you are all staring at charts and the Punks announcement, I am staring at Dickbutts.

We are not same. @CryptoDickbutts

I still think the most amusing outcome possible would be for $DOGE to be the hardest currency on earth... this is the DOGE/BTC chart...to me it looks like a potential big flag pattern and new highs await...

The Chicken rises from the ashes. I still believe in the one true cod.

Never sold. Bought more again. Might go to zero but maybe, just maybe this chicken can fly...some memes can persist forever.

Most importantly, have fun with your small degen bags.

$SCF

You still don't understand the value of digital art/NFT's but when you look back in 10 years time you'll see how obvious it was...

Best place to understand what is going on? Follow @RogerDickerman as a good start

Not only is Coinbase purchase of Deribit a great opportunity for them, it also dramatically removes the left-tail risk of a smaller exchange having 80%+ of the options markets where leverage can cause an issue in a black swan event. Good news all round.