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Raoul Pal, co-founder and CEO at Real Vision, predicts a major shift in the global economic system by 2030.
He previously expected this 'economic singularity' to arrive in 2032, but now believes it will occur sooner. Pal notes that traditional drivers of GDP, such as population growth and productivity, are set to change as the global population approaches 9 billion.
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Pal has previously described how crypto could enable money to move at unprecedented speed. He has also observed that banks and asset managers are shifting products to blockchain rails. These developments, he argues, reflect the growing influence of digital innovation on global finance.