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A Conversation with Ed Chin and Tejas Nalval: "This Time, Cryptocurrency's Fate is Dramatically Different" [Plain Language Summary] This transcript of a conversation provides an in-depth analysis of the structural upheavals in the crypto market. Macro expert Raoul Pal speaks with hedge fund pioneers, revealing the liquidity truth behind the "1010 crash." The article not only analyzes how ETFs distort the market and Michael Saylor's leverage logic, but also presciently points out that the four-year cycle may have expired, and a hundredfold population growth driven by AI agents will reshape the crypto economy (TAM). A hardcore guide to understanding the trends of 2026. See details: hellobtc.com/kp/du/03/6261.htm...

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