Raoul Pal

I think it needs explaining that although I see an elongated cycle it doesn't mean my analysis is right. The breadth and depth of macro/crypto analytics framework I've added since 2021 is massive and I'm happy with the probabilities currently but things can change... At GMI we have done tremendous amounts of work on this all at the nexus of crypto and macro in The Everything Code. It comprised of over 4,000 charts (serious). However, I am not a guru. We all need to take lifestyle chips off the table to secure our own future.. I can't dictate that. In RV too we will do our best to help as many people as possible, But we are not, and will not be, perfect. This is your choice alone. Not mine. Only you can actually protect your own future and thus limit regret if the market reverses or even it explodes higher. I'm guessing I'll take 25% to 30% off into year end but I don't know yet. It's based on my own circumstances, not yours and its based on my p&l and not yours. Also don't forget that your risk profile is different to mine... I can afford to take outrageously concentrated risks like having 80%+ of my liquid stack in Sui. But based on my work I think Sui it outperforms most others majors. I am not a maximalist and my portfolio can and will change but I will let you know if my analysis changes. My job for myself is to maximise profits with best risk adjust returns. For most, just buy BTC, ETH and SOL My job for myself is to max profits with best risk adjust returns I think are available. The Banana Zone won't fix your shitty asset allocation. If you have had a decent portfolio you will already be up 5x to 10x from the low. If you are newer, don't chase gains, time in the market is vital, you should make money this cycle but here is more to play for over time, You have 5 years or so to Unfuck your Future. Please don't fuck it up. This will be my pinned tweet so you can refer to it. Just let it all play out and take profits on the way. Good luck. My work suggests the next 6 to 9 months can change all our lives but don't bet on it exclusively. If you want to reduce risk and also play for higher prices consider selling some and buying longer dated calls in due course, where you can only lose your premium (as I did in 2021 with ETH and only risked 5% for a potential leg higher which failed). I appreciate your attention in this matter.

The four-year cycle isn't the story anymore. Ed and TJ from @parataxis_cap joined me to break down what actually drives crypto from here. Liquidity, macro, ETF flows and, the coming wave of AI agents. As ever, please enjoy!

@abhishekf96 @RobinhoodApp I've seen this before somewhere...

Excited to share that Robinhood Social is officially in beta. We’re starting with a small group of highly active traders to help us shape the future of social trading. There’s a lot more to build, and this is just the beginning. Grateful to the team and our early beta customers for helping us get it right.

@vladtenev Looks familiar...

The team is locked in.

@24_Hours_Art @justinaversano @XCOPYART @Punk8868 Wow @Punk8868 is on quite the run! Great to see!

🖼️ 24 HOURS OF ART 📊 March 18, 2026 🪦 XCOPY Jay Pegs A strong limited edition @XCOPYART collection is being built by @Punk8868, and on this day he acquires two more for 83.8 ETH in total: - ‘RIP’ (October 2021, Edition of 9, Kolectiv): 46.9 ETH (~$104,000 USD) - ‘OVERLORD’ (August 2020, Edition of 20, Nifty Gateway): 36.9 ETH (~$82,000 USD) Both come from @shinyrockz in deals facilitated by @eli_schein. 🎙️ Today: The DAM Show with guests @quayola @aljaparis @kikanicolela @bitforms (12pm ET) and @mendezmendez (1pm ET) joining host @RogerDickerman live on X 🪟 Pictured: 24 Hour Activity - 'Fidenza #880' by @tylerxhobbs, acquired via @gondixyz - 'OVERLORD' by XCOPY - 'Fidenza #822' by @tylerxhobbs, acquired via @gondixyz - 'The Great Wave of Decentralization' by @Kanetix22 with The Memes by @punk6529 - 'RIP' by XCOPY - 'Where My Vans Go #120' by @DrifterShoots, collected by @Artifaction2 - 'nightcrew' by @desultor - 'Issues' by @deltasauce, 50+ collected by @suparno67 - 'The Athlete' by @RJ16848519, facilitated by @RDToTheMoon

@FudKim @scienceoverbias You are basically now using it as your chauffeur service!

@RaoulGMI @scienceoverbias Cybertruck FSD is incredible. Can confirm

Tesla FSD is nothing short of magic. Just rented a Cybertruck, picked it up at the airport and it drove us directly to the Airbnb. None of the stress of a new city, new roads, new car. Had it for 5 days and never drove myself. It drove perfectly. So easy and liberating

@YeedimanMichael I have 2 (X Plaid and Y Performance) but no FSD in Cayman

@RaoulGMI Are you going to purchase one? I love my Tesla.

@Kylechasse Turo

@RaoulGMI How do you rent a cybertruck?

@SantiagoAuFund @BentonDickey The other outcome is more solar which is what China has been doing

@BentonDickey I tend to agree with Anas

Yes, this seems to be the thing I understand the least. It seems that Trump has forced the issue and made the world worse, but I don’t know if it was inevitable. I am curious what @SantiagoAuFund thinks….

@justinsuntron Raster.art is your answer...

Nifty Gateway is about to shut down. The NFTs I bought back then—worth tens of millions of dollars—now feel like they’re going to zero. I still believe NFT art has strong potential. Compared to traditional art, I’m convinced that AI will be able to truly perceive and appreciate the beauty of NFTs. Right now, the most urgent task is to find a platform that can properly showcase the aesthetic value of all NFTs. 😂

@Toys_Soldiers @CryptoKaleo 🤣

@CryptoKaleo @RaoulGMI forget the ISM and the everything code. It was the dune indicator all along

Fun fact: The trailer releases for Dune 1 & 2 both happened at the bottom of bear markets. Bitcoin went on to have bull runs that led to new all time highs and lasted for years each time. The trailer for Dune 3 released today. Run it back turbo.

@evankeast This is really well done!

the way brands create content just changed forever. this is only the beginning.

@fejau_inc @blockworksDAS I'm warning you now, our panel is unmanageable ... as you can tell by our recent call. Should be a lot of fun

Next week is the @blockworksDAS and I'm incredibly excited for the lineup of panels we have planned. Some incredible macro heavy hitters here. Get your tickets ASAP, we've already sold out of VIP tickets and are nearly sold out of GA and well past last year's numbers. Come check out my panels with @DTAPCAP @RaoulGMI @bretttejpaul @josephwang @SteveMiran @jvisserlabs @qthomp !

@kostascrypto Very much looking forward to it!

We’ll chat w Raoul about the future of private payments, quantum finance, and AI agent trading. + 2 ideas I’ve never revealed before, welcome to Geneva Masterminds

My guess is that @XCOPYART outsells both Banksy and Hirst currently in value traded, and no one in the UK even knows that he is their biggest artist, which is good. Disgusted to see Banksy doxxed for clicks.

@Sadie_NC @Blondie23LMD Definitely a small bunch of these

Nothing to see here, just some baby donkeys. 😂🥰

Join us live in Geneva next month! It's a great line up and should be a great event. Tickets are limited so sign up as soon as you can

@intrepid_p Gorgeous! I've spent a bit of time there. The turquoise is surreal. My Most surreal ever was the Rock Islands in Palau.

@RaoulGMI It's taken in the middle of the Caicos Bank in the Turks and Caicos. Took us three days to sail across the bank; one of the most surreal places I have been.

There are moments when I think about all the amazing places I've had the good fortune to visit and feel completely humbled.

@betty_nft @toadswiback Agreed!

My favourite artist right now is @toadswiback - he has a way of translating the grotesque peculiarities of society into visuals that both validate and challenge our opinions on the modern human condition in late-stage capitalism. It’s gross, and I love it. Good meat.