Capital starting to rotate back to crypto from AI: Raoul Pal
Summary
Raoul Pal says a weaker US dollar and improved liquidity could extend crypto’s rally, while pauses in AI stocks may let capital rotate into digital assets. He warns that an AI crash could drain liquidity and hurt crypto. Pal expects AI agents to generate activity on smart-contract networks such as Ethereum and Solana, but doubts Solana will surpass Ethereum in market value soon: Ethereum holds far more DeFi capital, while Solana has more active addresses and smaller transaction sizes. He has no firm Bitcoin price target, calling $1 million by 2030 speculative.
