Raoul Pal: RV Collective Season 3 and Crypto Summer
Real Vision: Finance & Investing
Real Vision
4.1 • 1.1K Ratings
🗓️ 1 March 2024
⏱️ 34 minutes
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| 0:00.0 | Hi, on the 5th and 6th of June 2024, I'll be speaking at the largest AI events in Asia, |
| 0:06.7 | Super AI in Singapore, and the iconic Marina Bay Sands. Alongside, alongside brilliant minds like Edward Snowden, Benedict Devon and |
| 0:15.4 | Balaji Shrinovasan, I'll be on a stage exploring the extraordinary potential of AI and |
| 0:21.2 | the profound change it represents not just for financial markets |
| 0:24.7 | but also for the world as we know it. With over 5,000 attendees and over 150 side |
| 0:31.4 | events Singapore will become a vibrant hub for a full week from the 3rd and 9th of June. |
| 0:37.0 | Visit super AI.com to register and join me with 20% off ticketstickets using the code Real Vision. |
| 0:44.1 | Use the link in the description, and I'll see you there. |
| 0:47.2 | It's going to go live. |
| 1:01.2 | Let's just talk a little bit about where we are in this pretty |
| 1:05.4 | extraordinary new cycle, price cycle. Big picture Ralph 50,000 foot |
| 1:08.7 | overview. What do you think about where we are right now? |
| 1:16.1 | We're in this beautiful phase of transition from |
| 1:38.0 | crypto spring to crypto summer and you know if we think of crypto spring each season is roughly a year. So crypto spring as I spoke a lot about last year was 2023 and it was a great spring. It was a warm, happy, friendly place with things like Salana up TEDX and Bitcoin up 160%. But as you transition into summer, things get even better. |
| 1:42.0 | And what we've seen is explosive moves where you know just |
| 1:46.4 | this month alone many of the the larger projects are up between 40 and 50 percent already and a lot of this is driven by the ETF flows. |
| 1:56.4 | So the EDF flows have started adding more liquidity into the crypto markets, particularly into |
| 2:04.8 | Bitcoin which spills elsewhere as people start to speculate on the Eth ETF and |
| 2:09.2 | then that drives more capital in the space that gets recycled. |
| 2:13.7 | But it's a very reflexive process and reflexive, reflexive, |
| 2:18.3 | something was made famous by George Soros. |
| 2:20.8 | It's this idea that momentum feeds on itself until it doesn't. |
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