Raoul Pal, co-founder and CEO of Real Vision, posted on X on Tuesday, October 13, 2026, explaining his view on the high failure rate of digital asset projects. Pal asserted that "Most stuff in crypto goes to zero because of adoption. A network gets more useful as more people use it, and that usefulness pulls in the next wave of users. Persistent attention keeps that loop running long enough to matter. But we don't see that persistence in many things." He further noted that he had detailed his thoughts on why most chains die and how to identify survivors.
Pal's comments come as the digital asset market continues to see both significant institutional interest and high volatility. Recent Gokhshtein coverage has noted increased institutional accumulation, with Strive adding 3,311 Bitcoin. However, prediction markets are pricing in downside risk for Bitcoin, challenging previous bullish forecasts like MicroStrategy CEO Michael Saylor's call for Bitcoin to top $100,000.
Pal's perspective suggests that investors should prioritize projects demonstrating sustained user engagement and utility rather than speculative hype. His emphasis on "persistent attention" implies that projects lacking a growing, active user base are unlikely to achieve long-term viability. For those looking to "weed out the survivors," Pal's analysis points to adoption metrics as a key indicator of a project's potential for sustained growth and value.
