Raoul Pal: The US-China AI Race 2026 Is a War No One Can Win

Real Vision co-founder Raoul Pal warned the U.S.–China AI race is unprecedented and “a race no one can win,” arguing the competition — led by U.S. compute and LLM performance but with China advancing on efficiency, deployment and integration — will reshape economic and regulatory dynamics. Speaking at Consensus 2026, Pal proposed “Universal Basic Equity” and pushed crypto-native ownership as a structural response to large-scale automation risk. Market implications include heightened geopolitical risk to tech supply chains, potential export controls and chip restrictions, and a renewed narrative supporting crypto ownership models as tools for redistributing AI-driven gains. Crypto sentiment on the site reads fearful (Fear & Greed 28), while top crypto prices (Bitcoin, Ethereum) were modestly down.