Andrew Kang: We are currently in one of the most extreme asymmetric moments in history, where the pace of future wealth creation will far outstrip the crypto boom

BlockBeats News, February 9th, Mechanism Capital co-founder Andrew Kang posted, stating, "We are in one of the most extreme asymmetric moments in history. The only correct strategy right now is to lengthen your time horizon and completely abandon short-termism. Overly worrying about a bubble is foolish, and attempting to time the market is also foolish. Short-term volatility and corrections will always happen, but in a situation where we are so close to the singularity, these are all just noise. We are about to experience an exponential breakthrough in the field of AI, robots, energy, and innovation. The future will see billions of AI agent workers, humanoid robots, space data centers, interplanetary colonization, vastly improved medical therapies, fundamentally accelerating the pace and output of technological breakthroughs in various fields over the next decade. In the next twenty years, we will compress more achievements in technological progress and economic growth than the entire history of human civilization."

We are already in the steep part of the J curve, but it is hard to notice from a daily or weekly perspective. Whether we officially reach AGI (Artificial General Intelligence Singularity) in 2027 or 2029 is essentially irrelevant—it will inevitably arrive. By then, the prices of assets you would want to hold will increase several times over, if not by tens of times. In the next 3–10 years, real economic growth may experience a "20σ event" from a historical distribution. This kind of growth was previously considered almost impossible, with such a huge potential for explosive upside that it is almost impossible to capture with traditional present value calculations.

The pace of wealth creation will be astonishing, much like how cryptocurrency has created a large number of billionaires and multimillionaires in a short period of time, but on a much larger scale. It will be challenging to buy rapidly rising assets at a reasonable price if you do not get in early. However, unlike past bubbles, real economic value creation will be better able to keep up with the vertical rise in asset prices. It is essential to always consider the downside risk, but this is the largest upside risk in the world's history. Learn to bear long-term risks. Now is not the time to trade. For the vast majority of people, investing usually has a higher return than trading, and the gap between the expected value of trading and investing will be greater than ever before."