Claire Bennett / punk#6263

INTERVIEW w/ @RaoulGMI “It’s not about owning everything. It’s about owning what moves you.” Few people connect global liquidity, financial cycles, and internet-native culture as naturally as @RaoulGMI. For decades, Raoul Pal has studied the forces that sit beneath markets: liquidity, credit, risk appetite, and the cycles that quietly shape where wealth moves next. His career has taken him from Goldman Sachs to global macro hedge funds, then to founding Global Macro Investor and building @RealVision into one of the most recognizable platforms for financial education and market analysis. What makes his perspective especially relevant to Web3 is that he does not look at crypto only as an asset class. He sees it as part of a much larger shift in technology, culture, ownership, and financial behavior. In that sense, Raoul’s work sits at an unusual intersection: macro frameworks on one side, memes, networks, and digital communities on the other. And that is exactly what makes the conversation worth having.

GM @goodvibesclub is going to shine in the NFT renaissance It's been shining since mint

Crypto might be over but someone just bought this cowboy punk for 78 ETH (USD $157,000)

Thank you Japan 🇯🇵

Highlighting the two most colorful Normal Squiggles in the collection: #1116 and #4739

“I won’t buy what I don’t love — even if it makes money.” — Raoul Pal Me: We began with the language most people use to understand this space: liquidity, cycles, markets, and macro. But the conversation moved somewhere more important: toward culture, memory, and the question of what is actually worth preserving. That is the conversation I hoped this would become. Thank you, Raoul. @RaoulGMI’s collection: opensea.io/TheCultureVault

Do you own works that feel priceless, pieces you would not sell at any number? RP: Yes. There are certain works where the price is not the point anymore. An offer could be objectively large, even irrational, and it still would not matter. Because selling them would feel wrong. Not wrong in a financial sense. Wrong emotionally. Wrong because the work has become part of the story, part of the memory, part of the reason the collection exists in the first place. Those are the pieces that move beyond ownership. They are not just assets I found. In some strange way, they feel like the ones that found me. Me: If you were 25 today and starting with no capital, what would you do? RP: First, I’d make sure to get exposure to crypto—but smart exposure, not chasing every obscure token. Focus on major layer-1 networks: Ethereum, Solana, the foundations with the highest probability of long-term growth. Then, once that base position is working, I’d look at art as a multiplier on top of it. Here’s the simple math: if ETH rises 5x, and a piece of artwork you own rises 10x in ETH terms, that’s 50x your starting value. Two multipliers compounding without leverage. That’s what makes it so interesting. Leverage is dangerous: if the market moves against you, you can lose everything. But art denominated in ETH behaves differently. It’s like an option with no expiration. The worst-case scenario? The art stays flat in ETH terms while ETH itself rises. You still come out ahead. This is why combining foundational crypto positions with culturally meaningful art is such a compelling strategy for someone building wealth today.

INTERVIEW w/ @RaoulGMI “It’s not about owning everything. It’s about owning what moves you.” Few people connect global liquidity, financial cycles, and internet-native culture as naturally as @RaoulGMI. For decades, Raoul Pal has studied the forces that sit beneath markets: liquidity, credit, risk appetite, and the cycles that quietly shape where wealth moves next. His career has taken him from Goldman Sachs to global macro hedge funds, then to founding Global Macro Investor and building @RealVision into one of the most recognizable platforms for financial education and market analysis. What makes his perspective especially relevant to Web3 is that he does not look at crypto only as an asset class. He sees it as part of a much larger shift in technology, culture, ownership, and financial behavior. In that sense, Raoul’s work sits at an unusual intersection: macro frameworks on one side, memes, networks, and digital communities on the other. And that is exactly what makes the conversation worth having.