🔥 Get FREE access to Real Vision https://rvtv.io/4cG9k5m

Raoul Pal welcomes Alex Gurevich, founder and CIO of HonTe Investments and a long-time friend of RV, to discuss strategies for navigating this shifting macro landscape.

They cover key market cycles, fiscal dominance, and liquidity trends, offering actionable insights on bonds, currencies, and commodities. Then, Raoul and Alex examine AI’s rapid acceleration toward singularity and the looming energy constraints that could shape the future of computation and global growth. Recorded on April 22, 2025.

📣 *This episode is brought to you by Bitwise Asset Management*. Bitwise has been all-in on crypto since 2017 and has more than 20 crypto-based products to help investors get the access they need. Bitwise manages the world’s largest crypto index fund, one of the top Bitcoin ETFs, and one of the largest institutional Ethereum staking solutions. Bitwise has over $10 billion in assets under management and over 100 people in the US and Europe to help manage everything from ETFs to private alpha strategies to SMAs for large investors.

👉 *Check out Bitwise at https://bitwiseinvestments.com and let them know that Real Vision mentioned them*. Carefully consider the extreme risks associated with crypto before investing.

📣 Today’s sponsor is Plus500 US. Take your trading to the next level with cross-market contracts, from precious metals to key indices, and more. Whether you’re a seasoned trader in the Futures arena or brand new, Plus500’s user-friendly trading platform offers you the advanced tools, market insights, and quick execution you’ve been looking for.

👉 Get started with Plus500 for as little as $100 at https://us.plus500.com. Trading in futures involves the risk of loss.

📣 *This episode comes to you thanks to Arch Public:* It’s a hedge fund in your pocket. Built for retail traders, designed to outperform Wall Street.

👉 *Download our FREE Bitcoin Algorithm right now at* https://realvision.com/arch

Unlock the potential to showcase your brand to our global audience. Contact us at partnerships@realvision.com for advertising inquiries.

🍌 Get your Banana Zone swag at the Real Vision merch store: https://shop.realvision.com

Connect with me:

Twitter (X): https://twitter.com/RaoulGMI

Instagram: https://www.instagram.com/raoulgmi/

LinkedIn: https://www.linkedin.com/in/raoul-pal-real-vision/

My other work:

Real Vision: https://rvtv.io/3LHYIaH

Global Macro Investor: https://globalmacroinvestor.com

The Exponentialist: https://realvision.com/thefuture

EXPAAM: https://expaam.com

Connect with Real Vision™:

Twitter: https://rvtv.io/twitter

Instagram: https://rvtv.io/instagram

Get a FREE membership: https://rvtv.io/3Y4t5Pw

Disclaimer: https://media.realvision.com/wp/20231004185303/Disclaimer-1.pdf

Learn more about your ad choices. Visit podcastchoices.com/adchoices

The Mysterious Stranger