Raoul Pal on 2026: The ones who truly make money are never the "traders," but those who can "endure."

A one-sentence summary of his framework: 👇
👉 Choose the right assets + Extend the cycle + Don't mess around
A few eye-opening but useful points:

This cycle is not a 4-year cycle, but a 5-year one. True liquidity will be in 2026.

Currently, the crypto market cap is approximately $3.5 trillion, aiming for $100 trillion.
👉 We've only gone 3%, and you're complaining it’s not going up?

Long-term predictions are better than short-term ones; short-term is all noise.

The best-performing accounts? The ones that are already inactive (because they never make reckless moves).

Investment advice in plain language:

Don’t "borrow belief": what the big shots say ≠ your understanding.

Some coins, even if liquidity arrives, can still go to zero.

Create a "Minimal Regret Portfolio":
Don’t chase narratives, don’t bet on miracles, don’t go all-in on trash coins.

Directions he is optimistic about:

BTC: A better store of value than gold.

ETH / SOL: Network effects + real adoption.

Privacy is one of the ultimate narratives, but the buy-in point ≠ now.

A one-sentence message for those eager to turn things around:
You’re not losing because of the direction,
but because—
👉 Short-term time expectations are too tight, patience is too precious.
The market is shaking you every day,
but real opportunities are only for those who can hold until 2026.
‍#btc #圣诞节