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RaoulGMI's profile
Raoul Pal
Raoul Pal
Raoul Pal
Verified account
@RaoulGMI

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Raoul PalVerified account

@RaoulGMI

Founder/CEO - Global Macro Investor and Real Vision Group, Business Cycle Economist, Investment Strategist, Economic Historian, Traveller and Rum Drinker..

Little Cayman, Cayman Islands
realvision.com
Joined April 2014

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    1. Raoul Pal‏Verified account @RaoulGMI Dec 10

      The settlements layer is over $4 QUADRILLIAN per annum Probably BTC and ETH and other blockchains, including private ones.

      20 replies 13 retweets 382 likes
      Show this thread
    2. Raoul Pal‏Verified account @RaoulGMI Dec 10

      The derivatives layer is another $1.2 QUADRILLION Feels more like ETH than BTC as the dominant player.

      59 replies 31 retweets 533 likes
      Show this thread
    3. Raoul Pal‏Verified account @RaoulGMI Dec 10

      Total equities traded per annum globally is around $70 trillion. Tokens are more likely ETH and other protocols

      15 replies 12 retweets 359 likes
      Show this thread
    4. Raoul Pal‏Verified account @RaoulGMI Dec 10

      Total size of FX market transactions per annum is $1.7 QUADRILLION. BTC, ETH, XRP, etc

      29 replies 36 retweets 437 likes
      Show this thread
    5. Raoul Pal‏Verified account @RaoulGMI Dec 10

      Total global debt market is $260trn. Non-gov debt is likely ETH. This doesn’t include total lending market which would double this...

      5 replies 13 retweets 324 likes
      Show this thread
    6. Raoul Pal‏Verified account @RaoulGMI Dec 10

      And then we can tokenise assets from real estate to intellectual property rights, from gaming skins to fixed assets, from securities to income streams That is probably ETH

      43 replies 21 retweets 422 likes
      Show this thread
    7. Raoul Pal‏Verified account @RaoulGMI Dec 10

      Then we can add in global supply chains and other commercial networks... another few hundred trillion This is ETH, EOS and others...

      31 replies 14 retweets 366 likes
      Show this thread
    8. Raoul Pal‏Verified account @RaoulGMI Dec 10

      And then we can add in trade finance, credit cards, stock lending and borrowing, repo markets for bonds, etc

      4 replies 7 retweets 268 likes
      Show this thread
    9. Raoul Pal‏Verified account @RaoulGMI Dec 10

      Almost no one in crypto understands the size of financial markets. It is never ever going to be winner takes all. It is near impossible as each blockchain has its limitations and trade offs and that suits the complexity of the financial world.

      44 replies 64 retweets 780 likes
      Show this thread
    10. Raoul Pal‏Verified account @RaoulGMI Dec 10

      This is why I care about the entire DA space. There will be many enormous winners, many failures, many scams, many false dawns but in the end, trillions and trillions of value will accrue across digital assets, tokens, protocols and crypto that tie all of this together.

      18 replies 20 retweets 542 likes
      Show this thread
      Raoul Pal‏Verified account @RaoulGMI Dec 10

      The future is a super network of blockchains with the most pristine being bitcoin and the risk curve moves out from there. Any other outcome accruing to one winner is nothing but false hopes and dreams.

      6:58 PM - 10 Dec 2020
      • 43 Retweets
      • 718 Likes
      • Joshua Taehyun Kim Gerard Vaughan Xatarrer Filo Sedillo Jaybo The Crypto Onion 🎖🎖🎖 Brave Fx StockFolioBuilder
      63 replies 43 retweets 718 likes
        1. Raoul Pal‏Verified account @RaoulGMI Dec 10

          My hunch is BTC is a perfect collateral layer but ETH might be bigger in market cap terms in 10 years for the reasons above. Money and collateral is just the base layer. Everything builds on top. The store of value is collateral, the trust layer and exchange of value is bigger

          264 replies 116 retweets 1,426 likes
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        1. AGTrader‏ @ag_trader Dec 10
          Replying to @RaoulGMI

          most pristine? we dont even know who the biggest holders of the coins are? could be a drug cartel

          7 replies 0 retweets 14 likes
        2. Permanently High Plateau Hedge Fund‏ @RaymondCarota Dec 10
          Replying to @ag_trader @RaoulGMI

          China

          1 reply 0 retweets 0 likes
        3. Show replies
        1. A v B‏ @ArminVanBitcoin Dec 10
          Replying to @RaoulGMI

          You still know absolutely nothing.

          0 replies 0 retweets 29 likes
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        1. MAD Cripto‏ @mattunchi Dec 10
          Replying to @RaoulGMI

          You will love @Polkadot then.

          1 reply 0 retweets 1 like
        2. Alberto González Hernández‏ @Alberto79242462 Dec 10
          Replying to @mattunchi @RaoulGMI @Polkadot

          And Cardano

          0 replies 0 retweets 1 like
          3. End of conversation
        5. New conversation
        1. Seann.eth  🦄 🐬 🏴‏ @DoubleNSC Dec 10
          Replying to @RaoulGMI

          IMO between the tech challenges faced by BTC apps (security by txns, composability) and forthcoming changes to the Ethereum protocol (ETH2, EIP1559) and the network effects being realized by DeFi, NFTs, Baseline, etc. its hard to imagine how ETH wont be most valuable cryptoasset.

          2 replies 0 retweets 1 like
        2. Satoshi Jimenez‏ @SatoshiJimenez Dec 11
          Replying to @DoubleNSC @RaoulGMI

          @RemindMe_OfThis in 4 years

          1 reply 0 retweets 1 like
        3. Show replies
        6. New conversation
        1. Santiago Velez‏ @Santiag78758327 Dec 10
          Replying to @RaoulGMI

          The internet of value is even bigger than the digitization of traditional asset classes, it's also about the intersection of AI finance and machine to machine, software to software payments whose volumes are unimaginable. Post scarcity will become an emergent property.

          7 replies 9 retweets 80 likes
        2. Raoul Pal‏Verified account @RaoulGMI Dec 10
          Replying to @Santiag78758327

          Totally agree. I’m just tying to get people to see it’s most than store of value...

          12 replies 0 retweets 24 likes
        3. Show replies

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