Bitcoin, gold, or the dollar: where will the world’s money be in 10 years?

In the fourth episode of MERGE Talks, we have the honor of hosting a true institution of the financial markets: Pablo Gil. With over four decades of experience, Pablo runs away from easy narratives to bring us a raw, direct analysis based on the macroeconomic context.

This is not an episode for thin-skinned investors. Pablo dives right in and confirms that we are facing a bear market (Crypto Winter) in this year 2026. Based on historical patterns and halving cycles, he projects possible drops for Bitcoin towards the $50,000 and even $40,000 zones.

But beyond the price, Pablo gives us a masterclass in investment strategy and psychology. What should you do if you bought at $100,000? We will learn why "staying anchored" (blindly HODLing) is usually nonsense in the face of crypto volatility and how to design partial exits to turn psychological stress into a double-win scenario (Win-Win).

We also deeply analyze the behavior of major altcoins like Ethereum, Solana, and Ripple, explaining why their youth and monetary design make them more volatile than Bitcoin. We address the inflow of institutional money (BlackRock ETFs) and why, despite the euphoria, mass adoption doesn't manipulate the market as many believe.

To close, we raise our sights to the world order: the instability of the US, the judicial blow to tariffs, the myth of the dollar's collapse, and how Algorithmic Trading and Artificial Intelligence are about to retire mediocrity in fund management.