E173: Raoul Pal: The AI Race Will Make Crypto Holders Rich

The current era marks an extraordinary shift in human history, driven by the funneling of capital into intelligence and the resulting economic singularity. As AI development accelerates, it creates an insatiable demand for compute and energy, forcing nations and corporations into a competitive race that precludes stopping. Within this landscape, crypto infrastructure—specifically layer-one blockchains—functions as the universal equity layer for the emerging agentic economy. While market volatility persists, these corrections are merely noise within a broader secular bull market fueled by currency debasement and institutional adoption. Investors should prioritize holding core assets rather than trading cycles, as the long-term trajectory of digital infrastructure remains clear. Furthermore, high-end digital art and NFTs are poised to accrue significant value as the crypto economy expands, serving as trophy assets in a world increasingly defined by digital intelligence.