Raoul Pal

Former Goldman Sachs hedge fund manager turned crypto educator and Real Vision co-founder, bridging macro and digital assets.

Raoul Pal is a macro investor, former Goldman Sachs hedge fund sales manager, and co-founder of Real Vision—a financial media network. After retiring at 36 from hedge fund management, he launched Global Macro Investor (GMI), a research service for institutional investors. In 2014, he co-founded Real Vision to democratize Wall Street knowledge. Pal became a Bitcoin bull in 2020, famously saying 'I sold everything and bought Bitcoin and Ethereum' during COVID crash. He's since become one of crypto's most prominent macro voices, combining traditional finance expertise with blockchain advocacy. His thesis: exponential growth in crypto adoption, network effects, and digital transformation of finance make crypto the best asymmetric bet of the decade. Monetizes through Real Vision subscriptions ($200-1,000/year) and crypto consulting. Known for bold predictions and big-picture thinking.

Crypto represents the largest wealth transfer opportunity in history. Combine macro understanding with crypto exposure.

All-in on crypto: 90%+ of net worth in Bitcoin, Ethereum, and select layer-1s (SOL, AVAX). Minimal stocks/bonds. Uses macro framework (liquidity cycles, central bank policy, M2 money supply) to time entries. Long-term holder but rebalances between BTC and alts based on cycle phase.

1. 1. Liquidity Cycle Analysis: Buy crypto when central banks expand balance sheets
2. 2. Everything Bubble: Crypto benefits from currency debasement and tech disruption
3. 3. 90/10 Crypto Portfolio: 90% BTC/ETH, 10% high-conviction layer-1s
4. 4. Exponential Age: Network effects and adoption curves create asymmetric upside

• Called Bitcoin bottom at $4K (March 2020)
• Portfolio up 1,000%+ since 2020 allocation
• Real Vision: 500K+ subscribers globally
• GMI service: $10K+/year for institutions

• Real Vision ↗
• Global Macro Investor ↗
• Raoul Pal interviews on YouTube