Predictions

I’ve made my share of bad predictions. I’ve had plenty of good ones too. But being right often doesn’t matter, because few people will remember if you were right or wrong, and when it comes to placing bets on your predictions, timing is incredibly difficult to nail down. Some of my best predictions include my general bullishness on software and the internet since the 90s (when the dot-com bubble saw the NASDAQ rise over 400% from 1995-20001), betting on Airbnb (now valued at $86B+), and Bitcoin (up over 30,000% in the last decade). In the case of Bitcoin, I was right about the bet, but got the timing wrong. Bitcoin’s journey from $0.09 in 2010 to nearly $69,000 in November 2021 represents a staggering 76,000,000% return, making it the best-performing asset of the decade by orders of magnitude. For context, an investment of just $100 in Bitcoin in 2010 would have been worth over $76 million at its peak.