<p>Raoul Pal, co-founder of Real Vision, returns to break down why the AI race is the biggest capital event in human history and why crypto holders are positioned to win. </p><p><br></p><p>THE SHIFT NEWSLETTER</p><p>💡Go beyond the mic - subscribe to The Shift, my new weekly newsletter where I share the uncut stories, raw takes, and behind-the-scenes notes from When Shift Happens: https://www.kevinfollonier.com/crypto-web3-newsletter</p><p>___________</p><p>PARTNERS</p><p>🚀 Jupiter is the most used Decentralized Exchange in Crypto and the largest DEX by volume on Solana: https://jup.ag/</p><p>💳 KAST lets you manage and spend stablecoins or crypto with a Visa Card or Apple Pay. Live in 100+ countries - Get $20 Signup Bonus - https://go.kast.xyz/VqVO/SHIFT - promo code: SHIFT</p><p>🔓 Trezor offers the safest cold-storage wallets for crypto and true financial independence.</p><p> Buy with 10% off - promo code: WSH10 - https://affil.trezor.io/SH12h</p><p>🌱 Bitwise Asset Management manages $15B+ across 30+ crypto investment products — ETFs, index funds, alpha, staking, and more. https://bitwiseinvestments.com/</p><p>⚖️ Ethena is a synthetic dollar protocol on Ethereum, offering a crypto-native, non-bank-dependent stablecoin called USDe. It uses a delta-neutral hedging strategy with staked ETH to maintain a $1 peg. https://ethena.fi/</p><p>🔒Sumsub is the leading full-cycle verification platform for the crypto industry, chosen by 8 out of 10 of the world’s largest exchanges. From instant KYC and KYB to automated crypto transaction monitoring, they help VASPs, exchanges, and DeFi platforms prevent fraud, stay compliant, and scale globally. </p><p>Download the Sumsub Crypto Industry Report 2026 here: https://sumsub.link/osb</p><p>♾️ Coinsilium provides vital funding and expert advice to Web3 and AI-powered early-stage technology companies. https://www.coinsilium.com</p><p><br></p><p>CONNECT WITH RAOUL👇</p><p>Twitter: https://x.com/RaoulGMI</p><p>Linkedin: https://www.linkedin.com/in/raoul-pal-real-vision/</p><p>Instagram: https://www.instagram.com/raoulgmi</p><p>YouTube:  @RaoulPalTJM  </p><p>GET RAOUL PAL’S FREE REPORT AND PREPARE FOR THE NEXT DECADE: https://rvtv.io/3YOZZUe</p><p><br></p><p>FOLLOW WHEN SHIFT HAPPENS</p><p>Twitter (X): https://x.com/KevinWSHPod  </p><p>Instagram:  https://www.instagram.com/kevinfollonier_ </p><p>TikTok: https://www.tiktok.com/@kevinfollonier_</p><p>Linkedin: https://www.linkedin.com/in/kevinfollonier/</p><p>Website: https://kevinfollonier.com/</p><p>DISCLAIMER</p><p>The info contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal, or tax advice. The content of this video is solely the opinions of the speakers who are not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speakers do not guarantee any particular outcome.</p><p><br></p><p>0:00 Introduction</p><p>2:00 Traveling Non-Stop &amp; Kast Card Discussion</p><p>5:00 What Raoul’s Been Up To The Past 4 Months</p><p>7:24 Why The Stock Market Never Ceases To Grow</p><p>10:33 What Is The Economic Singularity?</p><p>15:03 Partnerships: @Trezor @BitwiseInvest</p><p>15:49 Is It Still Early To Invest In AI?</p><p>17:44 Is Crypto Superior To AI Investment Wise</p><p>19:38 Crypto’s Reasons For Going Up Forever</p><p>22:54 Bitcoin Going From $126k - $60k Is A Nasty Correction</p><p>28:35 Why Raoul Started Buying Zcash</p><p>30:12 What Are The Left &amp; Right Curve Trades?</p><p>30:47 Partnerships: @KASTxyz @sumsub</p><p>32:12 How Raoul Thinks About Allocation With Zcash</p><p>32:59 Raoul’s Thoughts On Hyperliquid &amp; Hype Token</p><p>41:13 How To Measure Intelligence For Layer Ones</p><p>45:56 Why DeFi Isn’t Dead According To Raoul</p><p>51:09 How Do You Structure An NFT Portfolio?</p><p>56:04 Partnerships: @JupiterExchange @Ethena</p><p>56:47 Should People Only Focus On The Top Grail NFTs</p><p>59:35 Raoul’s Plan To Lend Against NFTs</p><p>1:00:44 Is Bitcoin A Proxy Trade For AI</p><p>1:02:05 Why You Should Never Sell Unless You Have To</p><p>1:04:33 The Numbers Behind Buying &amp; Holding vs Trading</p><p>1:10:47 Raoul’s Advice On Developing Patience</p><p>1:14:55 Why People Should Stay In Crypto</p><p>1:17:06 Why There’s Hope For Crypto In 2026 &amp; 2027</p><p>1:22:35 Closing Thoughts</p><p><br></p>