Filecoin as a slow-money crypto bet?
The world seems to be pretty crazy right now and I'm trying to make my "annual bet" on what could realistically increase 5x in the next 5 years.
I'm starting to wonder if maybe Filecoin is a good candidate? It seems particularly appealing to me because it's an enabling technology for "web 3.0" types of applications, but it could also be a straight-up substitute for AWS.
I would not have put as much weight on the second part of the value proposition, but the recent de-platforming of Parler as well as individuals on the BigTech platforms has caused me to evolve my thinking.
Have others been looking into this as well? I'm OK with high volatility. The thought experiment for me is whether at some point in the next 5 years if Filecoin will be 5-10x the price of what it is today? What would make that likely and what could cause this to be a bad bet?
[as an aside, here is what I mean by 'slow-money crypto.'
Imo, if you're betting on Filecoin, you're betting solely on the tech of decentralized storage. It's going to be difficult for the quality, speed and cost on decentralized storage to be comparable to AWS. Still for a 5 year time horizon, if the tech works, it's a 10-100x return.
Personally, I'd rather bet on Web3.0 with Chainlink and Graph, which aren't just pure play bets on decentralized storage but also power DeFi. I'm betting Graph could be the Google of the decentralized web.