Real Vision: Finance & Investing

More "Spooktober" Than "Uptober" — Are Treats Next? | Mando and Raoul Pal | REKT Vision (October 31, 2025)

22 snips
Oct 31, 2025
Raoul Pal, a renowned macro investor and co-founder of Real Vision, joins to discuss the current landscape of cryptocurrencies. He delves into why crypto has lagged behind stocks, connecting this to liquidity and financial conditions. The conversation also covers the impact of large wallet selling on price action and evaluates emerging altcoin narratives. Raoul emphasizes that gold often signals movements in crypto, while outlining bullish predictions for the market driven by upcoming liquidity shifts.
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ADVICE

Avoid Panic Trading

  • Do nothing when markets panic and avoid impulsive trading driven by daily P&L swings.
  • Preserve capital and wait: patience beats frequent reacting in highly volatile crypto markets.
INSIGHT

Everything Code Links Markets

  • Crypto, gold and equities are all reacting to the same macro 'everything code' but at different lags.
  • Gold follows current financial conditions and Bitcoin lags about six months behind it.
INSIGHT

Liquidity Plumbing Mattered

  • Liquidity plumbing issues (reverse repo, TGA) drained marginal liquidity and hurt crypto's bid.
  • Fed stepping away from QT and TGA changes could reverse this and boost crypto next year.
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