Crypto Will Become the World’s First Permissionless Equity System, Says Raoul Pal

TLDR: Raoul Pal argues UBI is a broken 20th-century solution that cannot keep pace with an AI-driven economy. AI agents will become the biggest DeFi users within five years, managing treasuries at machine speed. Anyone with a phone can buy permissionless equity in blockchain infrastructure with no KYC or restrictions. Pal projects the total crypto market will hit $100 trillion in six to eight years, calling it humanity’s pension plan. Crypto will power the first truly global wealth system, according to macro investor Raoul Pal. The Real Vision CEO recently outlined a sweeping vision for how blockchain technology could reshape wealth distribution after artificial intelligence disrupts traditional economies. Pal argues that permissionless crypto ownership is not a speculative bet but a structural reality. He believes anyone with a phone and internet connection can access this system regardless of location, status, or background. Crypto Rails Are Already Replacing Legacy Financial Infrastructure Crypto will power the new economy because legacy financial systems cannot keep up with AI-agent activity. The dollar does not fractionalise below a cent, and settlement is far from instant. Permissions depend on jurisdiction, which slows down machine-speed transactions considerably. Pal noted that “agents run on crypto rails because nothing else works.” He added that “stablecoins handle the dollar leg and native tokens handle the rest.” This makes blockchain infrastructure the only viable backbone for an agent-driven economy. Forget UBI. The answer is Universal Basic Equity… and it’s humanity’s pension plan for the post-AGI world… The Economic Singularity is coming faster than people think and the default question is how humans make money in a world that doesn’t really need them anymore. The… — Raoul Pal (@RaoulGMI) April 27, 2026 AI agents are becoming the dominant users of the internet, gradually replacing human activity online. Pal wrote that “the biggest users of DeFi in...