Milk Road
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Videos
Raoul Pal: Retail didn't abandon crypto. They lost their stake and went to a different casino (AI). They're in their 20s, can't afford a house, working 3 jobs, and looking for a way out. They'll be back the moment crypto outperforms. We need to stop painting their rationality as 'disloyalty.' FT Raoul Pal LG DOUCET
Milk Road162,564 Aufrufe • vor 3 Monaten
John Gillen: Tom Lee posted something this weekend that barely got attention - and it should have. The inverse correlation between Ethereum and oil prices has never been this high in history. As oil goes up, $ETH goes down, moving in near lockstep. "It's not that capital is not going to other places. One of the other places it seems like it would have been going would be to crypto digital assets, Ethereum." It's a tug of war over capital - and right now, the energy crisis is winning. FT John Gillen - WartimeEthereum.eth LG DOUCET.
Milk Road125,146 Aufrufe • vor 3 Monaten
Raoul Pal: "Just own the f*cking token... It's so obvious. It's the big trade." The largest infrastructure investment in history is about to happen. Data center buildout will employ millions in construction and services. "That money gets saved, spent or invested and people will come to the casino as they always do in the crypto market." The layer 1 trade is so simple. FT Raoul Pal MR SHIFT 🦁 Real Vision.
Milk Road99,315 Aufrufe • vor 3 Monaten
The Jane Street 10am dump theory is FALSE - Matt Hougan CIO Bitwise Crypto sold itself off. The boogeyman is us. "The reason crypto is down is because people who held Bitcoin at the start of 2025 sold it. That's it. The problem is in the mirror. It's not someone outside"
Milk Road138,433 Aufrufe • vor 6 Monaten
Mark Newton: the tech rally has been "far choppier" than people expected - and Mag 7 hasn't kept pace with the rest of tech. Mark is watching for "a 3-5% correction after our run up." Nothing devastating. Just normal digestion. The bigger tell? Semis have had a lot of
Milk Road93,880 Aufrufe • vor 4 Monaten
Jim Bianco: The Iran deal has been labelled "done" six or seven times so far, but it keeps falling apart. Global inventories are being aggressively drawn down to keep oil prices stable, and we'll hit operational minimums. "We can't run every inventory to zero and then we're going to have to have real demand destruction." That could arrive in as little as 30 days. FT Jim Bianco John Gillen - WartimeEthereum.eth Milk Road Macro.
Milk Road49,211 Aufrufe • vor 3 Monaten
.Vivek Raman: people have been framing $ETH incorrectly. "It is an asymmetric bet to say that Ethereum will reprice from being valued like a technology company and transition to becoming a money." "And when that happens, there is a potential for a 100x." FT Michael McGuiness LG DOUCET
Milk Road58,374 Aufrufe • vor 4 Monaten
Raoul Pal on his recent Zcash allocation: "In the world of store-of-value there is only one - or there was only one, really." "But now we've got another one which is a sub-section of that." "Privacy, in the world, has value." "I think people will understand that more, so therefore, it's a very easy trade. It's $BTC w/ privacy." FT Raoul Pal MR SHIFT 🦁 Real Vision.
Milk Road41,915 Aufrufe • vor 3 Monaten
What if AI agents don't use ETH or BTC? What if they just build their own crypto and cut us out entirely? "Why would they wanna use a human lawyer to advocate for them in this f*cked up legal system that we have to get their money back..." "When they can just use code?"
Milk Road59,393 Aufrufe • vor 6 Monaten
Circle CEO Jeremy Allaire - jerallaire.arc freakin' NAILED the 'Onchain Credit Boom' thesis on the The All-In Podcast Stablecoins like $USDC aren't just digital dollars for trading crypto anymore. They're becoming the rails for an entirely new credit infrastructure. The obvious impact: Small businesses could access capital without walking into a bank branch or filling out 47 pages of paperwork. Equipment leasing, factoring, working capital. All executed through smart contracts. But the kicker is this: He wants credit markets that work like Google AdWords. Auction-based, real-time, algorithmic pricing of credit risk. AI handling underwriting while smart contracts handle execution. No storefronts. No loan officers. No 5-7 business day waiting periods. Just software machines pricing risk and moving capital in milliseconds. Winners: Small business owners who currently get ignored by traditional banks. The restaurant owner who needs kitchen equipment. The startup that needs to make a hire before the next funding round closes. Losers: Traditional lenders charging fat margins for slow, manual processes. The entire middle layer of financial intermediaries who exist because the current system is inefficient. When lending protocols start competing in real-time auctions, and AI can underwrite a loan faster than you can fill out an application, that's when this thesis goes from podcast theory to market reality. The thesis in a nutshell: Credit will become as liquid and efficient as digital advertising.
Milk Road65,149 Aufrufe • vor 7 Monaten
A guy's girlfriend has been DCA-ing BTC and ETH since 2019. No Crypto Twitter noise. No drama. She outperformed her boyfriend massively. Raoul Pal: "The best performing clients in brokerage accounts are dead ones." Boring wins. Every time. Pod: MR SHIFT 🦁 Guest: Raoul Pal
Milk Road35,749 Aufrufe • vor 5 Monaten
Mark Newton just reversed his Bitcoin call. He no longer thinks $BTC makes a new low in 2026. Short-term he sees a dip - maybe to the low 70s - but says that should be a buying opportunity. "Bitcoin has taken off like a rocket," clearing the technical level he needed to call the bottom. His conclusion: "Bitcoin probably holds up and does relatively better between now and the fall." FT Mark Newton CMT John Gillen - bitcoinjesus.eth
Milk Road26,078 Aufrufe • vor 4 Monaten
Why Galaxy Might Be the Most Undervalued Crypto x AI Stock w/ Duncan What do Meta, Amazon, Google, and Microsoft …have in common? They’re spending $330B on AI infra this year. And one crypto company is building the AI infrastructure to power them. Tune in to know more ⏱ TIME POINTS ⏱ 00:00 – Intro 00:58 – Where Are We in the Bull Market? 03:11 – Is the 4-Year Cycle Dead? 06:25 – How Public Markets Are Changing Crypto 12:13 – Figure Markets 12:48 – KGeN 13:18 – Why Duncan Loves $GLXY 16:10 – The AI Data Center Opportunity 27:23 – Risks of Building at AI Scale 33:33 – What’s Galaxy’s Endgame? 36:05 – AI & Robots: What’s Coming and When 43:46 – How to Invest in Humanoid Robots 47:50 – What Could Slow Down Robot Adoption? 50:18 – Where Duncan Finds Alpha 53:29 – Final Thoughts
Milk Road59,357 Aufrufe • vor 1 Jahr
The ex-NYSE CEO joined Bullish at the absolute worst moment in crypto history. CZ in jail. Sam in jail. Do Kwon on the run. Three Arrows literally fleeing. His dad called him: "You were president of the NYSE... and you're doubling down NOW?" "If ever you're going to double down, now's the moment." FT Tom Farley Raoul Pal Real Vision
Milk Road28,914 Aufrufe • vor 5 Monaten