Why Crypto Could Be Near A Major Turning Point w/ Richard Galvin

Raoul Pal welcomes back Richard Galvin, Co-Founder of Digital Asset Capital Management to break down why crypto may be nearing the end of its long, frustrating reset. They discuss why DeFi volumes, tokenization, AI agents, trading bots, stablecoins, and 24/7 markets could dramatically expand crypto’s addressable market. They also explore Bitcoin, Zcash, Hyperliquid, Robinhood’s rapid growth, crypto VC, and why the application layer may be one of the most mispriced areas of the market.Today's episode is supported by Pyth Network, the fastest-growing name in market data, packed with over three thousand instruments covering equities, commodities, FX, rates, and crypto, plus the largest set of 24/7 financial indices out there. Pyth has already partnered with Fidelity, Revolut, Kalshi, Jane Street, Coinbase, and the U.S. Department of Commerce, and has recently developed a new model for financial data distribution. When modern markets require modern data solutions, Pyth Network is quickly becoming the answer. And it’s probably the only name in market data you can check out for free. Head over to pyth.network to take advantage of their free trial.TOKEN2049 Singapore, the world's largest crypto event, returns to Marina Bay Sands on 7–8 October. 25,000 attendees, 500 exhibitors, 300 speakers and 1,000 side events take over the city during TOKEN2049 Week. On stage: Raoul Pal (Real Vision), Jeff Yan (Hyperliquid) and Shayne Coplan (Polymarket). The Real Vision community gets 10% off tickets, claim yours.URL: https://checkout.token2049.com/events/asia?promo=realvision10&utm_source=newsletter&utm_medium=email&utm_campaign=realvision&utm_id=realvision 🔥 *Download Raoul Pal's 4-year investing roadmap for free:* https://rvtv.io/41fVHWF Timestamps: 00:00 - Is the Crypto Bottom Finally In? 01:52 - Richard Galvin on the State of Crypto Markets 03:21 - Why Crypto Trading Volumes Signal a Cycle Bottom 05:15 - The Biggest Edge in Crypto: Patience 06:07 - Why Wall Street Is Moving On-Chain 08:22 - Tokenized Stocks Could Transform Global Markets 10:28 - AI Agents Could Explode Crypto Trading Volumes 13:37 - Why AI and Crypto Are a Perfect Match 15:14 - The “Easy Bet” in Crypto Right Now 17:14 - Where the Biggest Crypto Opportunities Are 19:01 - Bessent, Liquidity, and the Macro Setup for Bitcoin 21:31 - Why Crypto Could Outperform Tech Stocks 25:10 - Zcash, Privacy Coins, and the New Crypto Narrative 31:50 - Hyperliquid and the Rise of Decentralized Trading 35:20 - Why DeFi Yields Remain So Attractive 37:46 - Robinhood and the Next Wave of Crypto Adoption 40:02 - Why Crypto Tokenomics Still Need to Change 42:50 - Crypto VC: Where the Opportunities Are Now 47:47 - How Much Time Is Left to Buy Crypto? 49:40 - Why DeFi Could Be Massively Undervalued #raoulpal #richardgalvin #crypto #bitcoin #defi #tokenization #zcash #hyperliquid #ai #stablecoins #digitalassets #onchainfinance #trading #investing #realvision #thejourneyman Learn more about your ad choices. Visit podcastchoices.com/adchoices