On February 9, Mechanism Capital co-founder Andrew Kang expressed that we are currently experiencing one of the most asymmetrical moments in history. According to BlockBeats, Kang emphasized the importance of adopting a long-term perspective and abandoning short-termism. He argued that excessive concern over bubbles and attempts to time the market are misguided. While short-term fluctuations and corrections are inevitable, they are mere noise as we approach a technological singularity.
Kang anticipates an exponential surge in AI, robotics, energy, and innovation sectors. The future could see billions of AI agents, humanoid robots, space data centers, multi-planetary colonization, and significant advancements in medical therapies, fundamentally accelerating technological breakthroughs and output over the next decade. In the coming twenty years, technological progress and economic growth could surpass all of human civilization's historical achievements.
He noted that we are already on the steep part of the J-curve, though it may not be apparent from a daily or weekly perspective. Whether we reach Artificial Superintelligence (ASI) in 2027 or 2029 is irrelevant—it is inevitable. Asset prices are expected to multiply several times over. In the next 3–10 years, real economic growth could result in a '20-sigma event,' previously deemed nearly impossible, with such explosive potential that traditional present value calculations cannot capture it.
The pace of wealth growth will be astonishing, akin to the rapid creation of billionaires and millionaires in the cryptocurrency space, but on a much larger scale. Without early involvement, acquiring rapidly appreciating assets at reasonable prices will be challenging. Unlike past bubbles, genuine economic value creation will better align with soaring asset prices. While considering downside risks is crucial, this represents the greatest upside risk in history. Kang advises learning to endure long-term risks, as now is not the time for trading. For most people, investing tends to be more rewarding than trading, with the gap between trading and investment expectations larger than ever before.