Real Vision CEO Raoul Pal said Bitcoin (Bitcoin) could explode on its way to outperforming other asset classes over the next decade, even in his worst-case scenario.
Former Goldman Sachs executive at a recent roundtable discussion on Scott Melker YouTube channel I will explain The more extreme the inherent volatility (VOL) of an asset, the higher its price can be compared to a less risky investment.
Volatility rewards. This is a 70 volume asset, so you get 20x, 50, 100x of these. [rewards] Depending on the period you are looking at.
People are not ready for that because they are mean reversionists. They think that the world is cyclical and that everything goes back to where it came from, so every boom has a recession and every recession brings it back to where it came from.
But that doesn’t happen here. All busts are significantly higher due to the exponential trend. So Bitcoin $4,000, Bitcoin $20,000. It’s low to low, it’s abnormal. But people don’t see it. they are not used to it. they don’t know how to deal with it. people have to learn. we all did.
Pal detailed his observation that he was an early investor in Bitcoin when assets were still well below $1,000, and that BTC was ultimately worth at least $100,000 and $1 million. I believe it could reach the dollar.
I never realized that in an exponential trend it was better to buy, hold and add to the big sell. I looked at all the times I traded bitcoin from.
I raised $1,000, so in 2 months it was 5x, then 85% off. I wanted to treat it as an option, so I left it alone. I was looking 10 years ahead.
I said that in the next 10 to 20 years, the worst case would be $100,000, and the best case would be $1 million.
Pal is the leading smart contract on Ethereum (ethereum) and the competing Layer 1 protocol Solana (Sol).
I have a few different tokens. My main bets are Ethereum and Solana, but I don’t know if Solana will be anything. Perhaps the network penetration is higher than anything else. I think it’s because it looks like it, but the world can change rapidly.
Other than that, I think I’m an idiot and I don’t know how to pick the right one, so I have an evenly weighted basket of things. Because I’d rather give money to a bunch of people whose job it is to find the next 100 or 1000 times his money rather than trying to do it myself.
Keep an eye on everything and see what’s in motion and how it works, all in just a tiny cage.
At the time of writing, Bitcoin has stabilized from a correction that began on August 18 and is currently trading at $21,330, down less than 1%.
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