Yesterday, the influencer Ku Xuan released a new video on his personal channel, featuring an interview with blockchain YouTuber Nao Ge. The discussion covered many aspects of Nao Ge’s journey in the cryptocurrency space. In the video, Nao Ge expressed that his idol is Elon Musk and predicted that Bitcoin could reach around $200,000 in this market cycle.
(Background Summary: Bitcoin breaks through the “cup and handle” resistance line, analysts predict a peak of $276,000)
In the cryptocurrency ecosystem, KOLs have long served as a gateway for many users to understand blockchain. On the 18th, Ku Xuan published a new video on his personal YouTube channel “Ku Xuan Teacher,” interviewing blockchain YouTuber Nao Ge. The conversation focused on Nao Ge’s experiences during his time in the cryptocurrency world. Below is a summary of the key points from the interview.
Nao Ge: Hopes to communicate on equal footing with idol Elon Musk
At the beginning of the video, Ku Xuan stated that the interview would not delve deeply into virtual currency topics but would rather focus on psychological aspects. Ku Xuan first asked Nao Ge, who has very low material desires, why he wants to make money. In response, Nao Ge explained that money is one of the elements needed to communicate on equal footing with his idol Musk:
“When I was in college, I never thought I could earn the wealth I have now. When I started to accumulate this wealth, I was already envisioning something very far away. For example, I had an idol, Elon Musk, during my college years. I think the thing I most want to achieve might be something I can only do when I’m in my 40s; money is just one of the factors. I don’t know how much money I need to achieve this, so for me, the more money I have, the better. Because Elon Musk has been my super idol since college, I hope to communicate with him on equal footing about certain things.”
However, Nao Ge also mentioned that sharing this goal might invite laughter from others, but once achieved, there would be no need to worry about feeling empty:
“This kind of goal shouldn’t make you worry that after achieving it, life will feel hopeless.”
The first time earning a lot of money and the most extravagant expenditure
Next, Ku Xuan asked Nao Ge when he first made a significant amount of money. Nao Ge replied that it was during 2021 when Elon Musk was promoting Dogecoin:
“In 2021, Elon Musk kept promoting Dogecoin, and I invested in it. I woke up one day, and my money had increased. It went from about 100,000 to 200,000 or 300,000 New Taiwan Dollars.”
Ku Xuan then inquired about the most extravagant expenditure he made after earning money, to which Nao Ge responded that it was a business class ticket to the United States:
“It was a business class ticket to the U.S. A cryptocurrency exchange invited me to Vietnam for an event and gifted me a business class ticket. That was my first time flying business class, and that ticket cost about 200,000 [New Taiwan Dollars]. At that moment, I thought to myself that making money means being able to fly business class. From then on, whenever I felt like it, I would buy business class tickets.”
Ku Xuan further asked Nao Ge how much he would spend on the most expensive meal now, and Nao Ge replied, “I don’t look at prices when I eat.”
Nao Ge: When you have enough money, cash becomes the least useful asset
Subsequently, Ku Xuan asked Nao Ge if he ever thought that now it would be enough to just use money to make more money. Nao Ge replied that relying solely on money to earn more would cause one to lose the skills gained through work and learning:
“Because using money to make money means if you only earn money, then it’s just money. For example, when you opened the camera just now, you were able to naturally talk to it. I think that represents a skill you have developed over the years while making money in this business. While I do these analyses, I also cultivate another skill.”
Ku Xuan then asked, “What do you mean by ‘making money is just money’?” Nao Ge responded, “It means that when you have money to a certain extent, you’ll find that cash is the least useful asset.”
Additionally, Ku Xuan asked Nao Ge about his assets, but the tight-lipped Nao Ge only stated, “I have a maximum of 30% of my assets in my account.”
Nao Ge predicts Bitcoin could reach $200,000 in this market cycle
Ku Xuan then asked Nao Ge to predict how much Bitcoin could reach in this bull market. Nao Ge simply judged by using the previous bull market’s price points and predicted that Bitcoin would rise to around $200,000:
“I can use a very simple method: the last cycle was in 2021. The previous high was $19,000 in 2017, then it rose to $69,000. So it was about a 3 to 4 times increase. Thus, if this cycle also sees a 3 to 4 times increase from the previous high of $69,000, it could be around $200,000.”
However, Nao Ge also cautioned Ku Xuan that while Bitcoin might reach $200,000, he should not go all in with all his assets, stating:
“If 5 million is your entire family wealth, I wouldn’t recommend it. But if your net worth is 100 million, then that’s just 5%.”
“I once watched a video about cryptocurrency that suggested you should take some cash and think of it as something you can flush down the toilet before investing. If this 5 million is something you can afford to flush, then going all in on Bitcoin is okay.”
Additionally, Ku Xuan asked, “Will Bitcoin suddenly enter a bear market, or will it continue to perform well next year?” Nao Ge replied that based solely on the current development of the cryptocurrency industry, the likelihood of entering a bear market right now is relatively low.
