Real Vision founder: I firmly believe that crypto art will become the best investment option in the next 10 years

Raoul Pal, former Goldman Sachs executive and founder of macro research firm Real Vision, said in an article on X: "My most convinced 'set it and forget it' investment for the next 10 years is crypto art. For me, this is the most compelling, enjoyable and interesting area of ​​all cryptocurrencies. Massive crypto wealth creation, as well as currency depreciation, will drive astonishing demand for scarce ideal assets (digital real estate or digital art). Younger generations are more interested in digital assets than most physical assets. If BTC is like real estate in Manhattan, as Michael Saylor said, then the best crypto art or NFT The scarcest and most desirable block space is obvious. In addition, as one climbs up the crypto wealth curve, you quickly realize that physical property is expensive to hold as an investment, but much better as a lifestyle asset. Art fills this gap, and crypto art has extremely low long-term custody costs. Like property, it can be used as collateral if you will. At the same time, we are creating a mechanism to tokenize culture and community (or to put it more clearly, create tangible value from previously intangible assets). Culture is human-level important to us on a meta-level. It makes us human, and Web3 enables this. We are already seeing the Lindy Effect for art that is considered to have lasting cultural or artistic value, similar to the 2013-2017 cycle that really established Bitcoin. So far, only a few crypto artists have achieved a true Lindy Effect, but I expect more artists to achieve great long-term value in 2018-2021, including emerging artists. In financial terms, most high-quality digital art is priced in ETH and tends to outperform ETH over time. For example, Beeple Serial could outperform ETH 3x this year. Ultimately, the crypto art world is an incredible community of passionate artists, collectors, patrons, mavericks from art, tech, finance, and other fields, all trying to create a new asset class and a new medium for art. These mediums will change dramatically over time as holograms and holodecks become the primary substrate for digital life. Another thing is that entering the art world is not easy and can be scary and confusing. But fortunately, we have taken the first step through culturally relevant pfp NFTs, which is the right entry point for most people. The necessity of community social signals and status will only increase in our increasingly digital world. ”