Raoul Pal: Capital is spinning back to the cryptocurrency market from the AI sector
Real Vision founder Raoul Pal stated that capital is rotating back into the cryptocurrency market from the AI sector. Raoul Pal believes that the weakening of the US dollar is a key condition for the rise of cryptocurrency, with higher bond yields and a strong US dollar still limiting liquidity. If the US dollar fails to decline, the next best scenario is a sideways trend in AI stocks, causing funds to continue to rotate towards cryptocurrency. Raoul Pal stated that AI agents may bring more business to Ethereum and Solana in the future, and Bitcoin may miss out on most of the crypto economic activities generated by AI agents. Raoul Pal stated that Solana's core activity is speculation, with a smaller scale and higher concentration of Ethereum capital. (Source: Bloomberg)