Avi Felman

Avi Felman × Seth Ginns

Franklin Templeton’s acquisition of Seth Ginns’s CoinFund liquid-fund spinout expands its crypto team, advancing a 2026 convergence thesis while prices lag sell-side momentum.CLARITY’s vote could bring federal preemption if passed; failure would slow progress, leaving commercial adoption as the hedge against political pushback.

Avi Felman × Alexander Good × Jonah Van Bourg

Alex Good’s ad-buying strategy linked acquisition economics to market attention, from long EA/short Booking to Tesla clicks driven by “Elon Musk.”His “goldfish theory” favors recurring attention over forecasting, but fragmentation and trust can break the trade; he is bearish Palantir at 100x sales.He expects AI layoffs within 3 months, while politics and 6% annualized productivity could reshape the opportunity set.

Avi Felman × Ari Paul × Jonah Van Bourg

Ari Paul warns frontier AI labs could face a Los Alamos style lockdown or full US government control within three years, a risk he says markets are not pricing.He also argues AI is where crypto was in 2021-22, with 95% of companies still likely to fail and data-center overbuilding potentially echoing late-90s fiber.The monitor is whether nationalization, stolen IP, private alpha, rotating bottlenecks, and locked-in distribution reshape which AI economics reach shareholders.

Avi Felman × Jonah Van Bourg

Hyperscalers’ $600–700B data-center spending has largely been priced in, and cracks are shifting attention from AI demand to what AI changes across the real economy.Avi favors short Accenture and long XBI/ARKG while warning that volatile memory proxies are not the same as buying suppliers’ products; Micron earnings and biotech’s 50% drawdown test remain key risks.

Avi Felman × Jonah Van Bourg

The Hormuz shock showed that oil supply can be closed financially through insurance even when no tanker is attacked, while gamma-driven selling helped reverse a historic spike.Jonah sees $88 oil as mostly geopolitical premium against a potential glut and prefers expressions with limited negative convexity; the G7’s 400M cumulative SPR pledge and Iran’s unchanged China exports are key catalysts.

Avi Felman × Jonah Van Bourg

Bitcoin’s post-election rally still looks early, supported by ETF flows, rising dominance and potential regulatory relief, though a move toward $100,000 could bring a tactical pullback.The larger catalyst is policy: a US strategic reserve could support $500,000-$1 million scenarios, while cycle exits depend on MVRV, euphoric alt rotation and the delivery of Trump’s promises.

Jonah Van Bourg × Avi Felman

BTC’s rally from roughly $25,000 to $30,000 made volatility look more mispriced amid heavy short positioning.BlackRock’s ETF filing made GBTC a convex proxy: narrowing its discount from 40% to 33% with BTC unchanged approximated an 18% underlying rally, while par implied roughly 60%–66% returns.ETF approval is the key catalyst, but the hosts planned to sell the headline tactically as regulatory uncertainty and weak ETH/alt demand persist.