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Macro investor Raoul Pal said on Wednesday that cryptocurrency’s real significance lies in enabling AI agentic finance, rather than token price moves.

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In an X post, Pal argued that tokens going up and down is the “smallest part of what’s happening.”

“Money is about to start moving at silicon speed,” the Real Vision CEO said. “Billions of agents transacting with each other, negotiating, settling and running full businesses at a velocity no human system can match.”

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Pal said that regulatory attempts to control this new…