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Raoul Pal, co-founder and CEO at Real Vision, discusses how crypto was invented for an era that is only now emerging.
He highlights that cryptocurrencies represent truly digital money, designed for technology and machines not yet in existence when they were first conceived. Adoption has faced various obstacles, but Pal points out that crypto's core value is its alignment with rapidly advancing digital environments.
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Pal has previously drawn attention to major shifts in traditional finance, noting the U.S. Treasury's move to double long-end bond buybacks after a multi-year yield high in the 30-year Treasury market. He has also discussed how agents active on blockchain accumulate tokens and face choices about asset allocation, as detailed in earlier commentary. These observations provide context for Pal's ongoing analysis of digital and traditional assets.