Raoul Pal says AI and crypto are reshaping the global economy faster than most think

Why it’s important: Pal argued that AI and blockchain are converging into a new layer of infrastructure for the global economy.

  • Pal said humanity is approaching a moment where AI systems become “supreme intelligence,” fundamentally changing work, finance and daily life.
  • He described crypto as the ownership level of this future economy, allowing individuals to “run Wall Street” by owning blockchain infrastructure before institutions fully arrive.
  • “We can own the infrastructure layer for the first time in history,” Pal said during the interview.

The big picture: Pal described the current moment as a historic acceleration point for technology adoption.

  • He said AI adoption is evolving faster than the Internet era and compared it to “Metcalfe’s square law,” referring to network effects.
  • Pal pointed to the growth of AI-generated content as evidence of this shift, citing data showing that AI now produces more words per year than humans.
  • “Since COVID, we have hyper-accelerated everything,” Pal said.
  • He also highlighted the rapid adoption of GLP-1 weight loss drugs as another example of exponential technological change.

What this means for crypto: Pal said institutional adoption does not compromise crypto’s original mission.

  • He argued that tokenization and blockchain rails expand access to financial markets for people around the world who were previously excluded.
  • “Everyone is on the same level playing field,” Pal said, referring to the ability for users around the world to access crypto assets.
  • Pal said tokenized shares could allow investors from countries like Nigeria to access assets that were previously inaccessible to them.
  • He described stablecoins, tokenization and blockchain-based finance as “a better system for everyone.”

Read between the lines: Pal considers crypto speculation a feature and not a bug.

  • He argued that meme coins and NFTs served as stress tests for broader technological ideas.
  • “Crypto is hilarious because we speculate on everything as a way to test it,” Pal said.
  • Pal said the meme pieces demonstrated how online attention could quickly build capital.
  • He also predicted that NFTs would eventually become fundamental digital contracts that underpin parts of the future economy.

On AI: Pal described AI as both a productivity accelerator and a societal disruptor.

  • He said he already uses AI tools like Claude, ChatGPT and Grok on a daily basis as “thought partners” for research, writing and idea generation.
  • Pal said AI has reduced tasks that once took days into workflows lasting just a few hours.
  • He warned that AI could threaten parts of the job market, but argued that human creativity, community and experiences will become more valuable.
  • “The currency of humans is attention,” Pal said.

To have : Pal predicts that crypto markets and AI-based systems will continue to converge over the next decade.

  • He predicts that the crypto market could eventually grow from around $2.7 trillion today to $100 trillion within a decade.
  • Pal argued that wealth creation from crypto will increasingly spill over into digital culture, including NFT-based art.
  • He cited digital artist XCOPY as an example of crypto-native culture growing in value alongside traditional art markets.
  • When asked what could derail crypto adoption, Pal replied: “There’s nothing stopping this train. »

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