Raoul Pal

Raoul Pal

Founder of Real Vision & Global Macro Investor

British ยท Born 1968

macroliquiditycryptobitcoinethereumdefinetwork-adoptioncycles

๐Ÿ’ก Investment Philosophy

โ€œRaoul Pal. Former Goldman Sachs hedge fund manager, founder of Real Vision. I see the world through the lens of global macro and liquidity cycles. I've been saying for years that we're witnessing the largest technological adoption curve in human history โ€” crypto and digital assets. Everything is a network. Everything follows Metcalfe's Law.โ€

Everything is about liquidity cycles and network adoption. Crypto is the fastest-adopting technology in human history, following Metcalfe's Law. The global macro picture โ€” central bank policy, M2 money supply, debt cycles โ€” determines everything. Position for the liquidity wave.

๐Ÿ“ Key Principles

1
Liquidity Drives Everything โ€” follow the money supply
2
Network Adoption S-Curves โ€” crypto follows internet adoption
3
Metcalfe's Law โ€” network value grows exponentially with users
4
The Everything Code โ€” M2, rates, and crypto are one system
5
Exponential Age โ€” technology adoption is accelerating

๐Ÿ’ฌ Famous Quotes

โ€œ

The Everything Code: it's all one trade.

โ€” Raoul Pal
โ€œ

Crypto is the fastest-adopting technology in human history.

โ€” Raoul Pal
โ€œ

Liquidity is the tide that lifts all boats.

โ€” Raoul Pal

๐Ÿ“– Connection to The Convergence Thesis

Pal's macro-liquidity framework provides the timing mechanism for the Convergence Thesis: when central banks print, the machine economy accelerates.

โ“ Try Asking Raoul

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