# Your Guide to the Bull Run | Raoul Pal

*Author: David Hoffman, Ryan Sean Adams*
*Published: Apr 12, 2024*
*Source: https://www.bankless.com/de/guide-bull-run-raoul-pal*

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Bankless Nation, we’re having none-other than Raoul Pal, a frequent guest on this show, who needs no introduction.

Expect to understand debasement, how to navigate the different crypto seasons, and Raoul’s secular thesis. Besides his key learnings, Raoul also gives a peak into his portfolio and shares some hot takes on the current state of AI.

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## TIMESTAMPS
0:00 Intro

3:45 SEC Suing Uniswap?

7:07 US Regulation Handbrakes

16:57 State of the Bull Market

26:54 Navigating Interest Rates

32:50 Understanding Debasement

44:34 Crypto Adoption

51:42 Crypto Summer

57:43 The L1 Race

1:01:49 The Role of ETFs

1:08:08 The Next Winter

1:12:24 Crypto Skeptics

1:16:46 The Secular Thesis

1:20:52 Raoul’s Portfolio

1:25:19 Real Vision

1:27:33 The State of AI

1:31:03 Closing & Disclaimers

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## RESOURCES
Raoul Pal

[https://twitter.com/RaoulGMI](https://twitter.com/RaoulGMI) 

Real Vision Festival of Learning

[https://www.realvision.com/festival-of-learning](https://www.realvision.com/festival-of-learning)

Raoul Pal The Journey Man

[https://www.youtube.com/@RaoulPalTJM](https://www.youtube.com/@RaoulPalTJM)