🔴 Crypto Feels Broken, So Why Is He Still Bullish? | Drinks With Raoul Pal

In this candid market update, Raoul Pal provides his macro outlook while acknowledging the frustration many investors feel toward the current crypto market. He asserts that while the market may feel broken, it is merely undergoing a rotation, a common feature of long-term economic trends. Pal focuses on liquidity as the key indicator for asset performance, explaining the relationship between global liquidity, interest rates, and debt growth. He dismisses short-term noise and encourages a disciplined approach centered on understanding these underlying macro drivers rather than panicking over temporary price fluctuations.

Pal also demonstrates how he uses his proprietary analysis tools, including the 'GMI Compounding Machine' and the 'Real Vision' platform, to identify market cycles and support his 'buy-and-hold' strategy. He argues that liquidity and AI adoption are the twin engines driving the next growth phase. Throughout the video, he frames his perspective through the 'Everything Code,' his overarching framework for interpreting global economic movements. He concludes by urging viewers to focus on their long-term thesis, maintain a clear strategy for accumulation and exit, and utilize the resources within the Real Vision community to navigate the volatility.