Interview with Raoul Pal: The Decisive Point in 2026 Under the Five-Year Cycle – Choosing the Right Assets for Long-Term Holding, Not Relying on Luck

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Chainfeeds Summary:

"Crypto investing is a long-term battle, but many people want to see results immediately."

Article source:

https://www.techflowpost.com/article/detail_29683.html

Article Author:

TechFlow TechFlow


Opinion:

Raoul Pal: The market has bottomed out. Bitcoin will become a better store of value than gold. Liquidity is the most dominant macro factor right now. Real liquidity demand will appear in 2026. Crypto investing is actually a long-term battle, but many people want to see results immediately. I originally thought the crypto market cycle was four years, but now I'm extending it to five years. People's anger often stems from a mismatch between their time expectations and reality. I haven't heard anyone at Coinbase think the market is over; on the contrary, they all think it's just beginning. There's a classic saying in brokerage accounts: the best performing clients are often the ones who have already passed away. It's unrealistic to put all your hopes and dreams on cryptocurrency, but for many, it may be their only way out. I've learned not to dwell on who upset me or what went wrong at work today. Most things aren't that important; what matters is whether you're moving towards your goals. Long-term trends are easier to predict, while short-term trends are difficult. Humans learn through experience and lessons. Now, we have a new generation of investors. They need to learn by making mistakes to gradually grow and overcome difficulties. The key to success in the crypto space in 2026 is holding the right assets and sticking to your own convictions, rather than relying on others' opinions. Some tokens, even with increased liquidity, will still cause investors to lose money because they are inherently bad investments. A least regretful portfolio is one that allows you to look back on your investments without regretting your hasty actions and avoiding making foolish investment decisions. Most people, however, never do their research. They simply say, "You told me this project will succeed." But the question is, how much do they actually know about this project? Many people invest based on conviction, such as "So-and-so said this project is good, so I bought it." But in reality, this reflexive cycle often leads to poor decisions. Zcash is the last true privacy token and the last opportunity in the cryptocurrency space to potentially yield 1000x returns. After Bitcoin, only two protocols have truly broken the mold: Ethereum, which achieved programmability, and Zcash, which focuses on privacy. I might choose to buy in during the next downturn, which I expect to occur around 2027, when Zcash might become one of my investment targets. Cryptocurrency is currently a $3.5 trillion asset class, and we could reach a $100 trillion market capitalization within 10 years, meaning we're only about 3% of that journey so far. All gaming assets are essentially NFTs or non-fungible contracts, meaning all future gaming assets will exist in the form of NFTs. You need to understand that you can't put everyone on the lifeboat; some people don't want help. If I believe the total market capitalization of the crypto market will reach $100 trillion in the future, then I will focus on that long-term goal, not worry about Bitcoin's 30% drop last week. For quality assets like Solana, even if the price falls, I will hold firmly because I value its long-term potential.

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https://chainfeeds.substack.com

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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