⚪ Raoul Pal welcomes Emad Mostaque, co-founder of Stability AI and author of "The Last Economy," back to explore how AI is triggering the Economic Singularity. They discuss the potential for a deflationary shock, the rise of digital assets, and the collapse of traditional economic models as humanity transitions from a scarcity-based system to one driven by abundance and machine intelligence. Recorded on October 13, 2025

⚪ X: @EMostaque

📣 This episode is brought to you by Figure, the platform to Earn and Borrow. Need liquidity without selling your crypto? Figure offers Crypto-Backed Loans, allowing you to borrow against your Bitcoin or Ethereum with 12-month terms and no prepayment penalties. They have the lowest rates in the industry at 8.91%, allowing you to access instant cash or buy more Bitcoin without triggering a tax event. You can always see your BTC ownership in your FM account and verify holdings in your personal BTC vault onchain. Unlock your crypto’s potential today. 👉 Visit their app to apply for a Crypto Backed Loan today ⁠⁠⁠https://figuremarkets.onelink.me/Plnq/2uhuytay⁠⁠⁠

📣 Bitwise has been all-in on crypto since 2017 and has more than 20 crypto-based products to help investors get the access they need. Bitwise manages the world’s largest crypto index fund, one of the top Bitcoin ETFs, and one of the largest institutional Ethereum staking solutions. Bitwise has over $10 billion in assets under management and employs over 100 people in the US and Europe to manage a range of products, including ETFs, private alpha strategies, and SMAs for large investors.

👉 Check out Bitwise at ⁠⁠⁠https://bitwiseinvestments.com⁠⁠⁠ and let them know that Real Vision mentioned them. Carefully consider the extreme risks associated with crypto before investing.

📣 Today’s sponsor is Plus500 US. Take your trading to the next level with cross-market contracts, from precious metals to key indices, and more. Whether you’re a seasoned trader in the Futures arena or brand new, Plus500’s user-friendly trading platform offers you the advanced tools, market insights, and quick execution you’ve been looking for.

👉   Get started with Plus500 for as little as $100 at ⁠⁠⁠https://us.plus500.com⁠⁠⁠. Trading in futures involves the risk of loss.

📣 Ready to see how Square can transform your business?

👉 Visit ⁠⁠⁠⁠square.com/go/realvision⁠⁠⁠⁠ to learn more! #squarepod

Unlock the potential to showcase your brand to our global audience. Contact us at [email protected] for advertising inquiries.