6 Years Left To ‘Make As Much Money As Possible’

This article is available in Spanish.

Raoul Pal, the founder of Real Vision and a recognized figure in the crypto community, has done just that issued a stark warning about the rapidly approaching transformations in the global economy, driven by unprecedented technological advances. In his latest video, Pal, who has long advocated for an understanding of what he calls the “exponential age,” claims that the coming years will bring about the greatest changes humanity has ever seen, due to the rapid development of artificial intelligence (AI). ) and robotics.

According to Pal, we are approaching what he calls the “economic singularity,” a point beyond which current economic, market and business frameworks will no longer apply. “By 2030, things will no longer be understandable using the existing frameworks of economics, financial analysis, markets and things like that,” Pal explains.

Pal He claims that AI and robotics are developing at a pace that will soon surpass human adaptability under current economic systems. Falling birth rates and aging populations in developed countries are leading to a decline in the traditional economic engines of GDP growth. Furthermore, Pal notes that productivity has not kept pace with technological capabilities, and most new debt simply pays off old debt and does not create new economic value.

The most important aspect of Pal’s warning concerns the role of AI in the economy. He believes that AI will reach and surpass human intelligence levels in all areas of knowledge, fundamentally changing the landscape of labor and productivity. “AI is now effectively infinite human knowledge […] As these models get bigger, the breakthroughs happen and the average IQ of AI goes from 100 to 400, and then to a million times the intelligence of a human,” says Pal.

See also  Consensys pledges to 'keep fighting' as judge dismisses SEC lawsuit

This immense growth in AI capabilities is expected to lead to what Pal describes as infinite productivity and near-zero marginal electricity costs, mainly due to advances in renewable energy technologies. He argues that these factors will lead to enormous deflationary pressures as the production of goods and services becomes increasingly cheaper.

The key role of crypto

In this context, Pal is particularly optimistic about the transformative power of blockchain technology and cryptocurrencies. He describes a future economic model in which ‘AI agents’ perform tasks and transact autonomously using cryptocurrencies, given their ability to operate independently of traditional banking systems.

“Obviously we’ll probably need crypto payments to pay you. […] I think we’ll use cryptocurrency for that because last I checked AI can’t get a bank account. It will never transfer money via SWIFT, that will never happen,” Pal notes.

Pal urges viewers to recognize the urgency of investing in cryptocurrencies. He indicates that the window for capitalizing on these technologies is rapidly closing, and that only about six years remain to realize substantial gains before traditional economic and market structures transform irreversibly.

“We’re going to have to go through this together and we have to be smart and try to figure it out as we go, but I do know that this six-year idea of ​​making as much money as possible is very important and I do that too. I think the real answer to this, as far as I can see, is cryptocurrency, because it is the best performing asset in the world and of all time. So I think this is the one thing we can lean on: it has a huge future,” says Pal.

See also  Xalts launches new RWA tokenization platform on the Polygon Network

At the time of writing, Bitcoin was trading at $63,588.

Bitcoin price
Bitcoin Price Drops Below $64,000 | Source: BTCUSDT on TradingView.com

Featured image from YouTube, chart from TradingView.com

Credit : www.newsbtc.com