Jonah Van Bourg

Avi Felman × Jonah Van Bourg

Avi’s GP dispute alleges holders publicly promised to hold while selling concealed inventory, making on-chain wallet behavior the key test of verifiable trust.Both hosts contrast meme-coin speculation with positive-sum crypto built on “good product, good revenues, good team,” citing Avi’s ZRO-versus-ETH trade and Robinhood’s perpetuals rollout through Bitstamp.They frame five-year mega trends, retail investors’ tolerance for volatility and AI-driven concentration as the durable signals, while leaving the best expression—broad exposure or concentrated winners—unresolved.

Avi Felman × Jonah Van Bourg

Avi frames ten-year yields above 5% as distrust in the Fed, supporting his long-and-strong stance on Bitcoin, Intel, and Nasdaq.AI-driven copper demand may push copper toward $8, while lab-grown diamonds at $6 per carat expose monopoly economics.Cheaper AI could expand usage and GDP, but rising yields pressure real estate as Jonah watches early-to-mid-2027 for capitulation.

Avi Felman × Jonah Van Bourg

A sovereign-authorized USDT oil purchase, despite a failed $230M Venezuelan deal, signals stablecoins entering commodity settlement while the underlying failure reflected diligence, not crypto.AI-driven copper scarcity and Meta’s frontier push sharpen the competitive map, but model prices at 1–10% of frontier offerings and a roughly two-year superintelligence timeline leave unresolved disruption risk.

Avi Felman × Jonah Van Bourg

Bitcoin’s failure to clear $80K has Jonah turning short-term bearish, with a “quite high” probability of falling below $70K.Stocks migrating onchain through Lighter and Hyperliquid could leave Nasdaq behind, while $LAPTOP’s fall from $1.5B to about $630M highlights political-token extraction risk.

Avi Felman × Jonah Van Bourg

MemeFi is rotating between stories rather than attracting a broad 2020–November 2021-style wave, while Robinhood Chain’s weekly volume rose from $500M to $1.5B.Jonah says value may accrue to FOMO, exchanges, Vlad Tenev, or underlying protocols rather than ordinary traders, leaving sub-1% sizing, multi-cycle durability, frontier-model productivity, and Iran’s Hormuz leverage as risks to monitor.

Avi Felman × Jonah Van Bourg

Bitcoin’s 25% rally toward $80K reflects a shift from AI productivity to Treasury and Fed-driven debasement, after equity vol cooled and Bessent deployed capital to defend yields.Avi sees a reasonable chance of $95K-$100K within six weeks and substantial ZCAF flows, with $15.5M in day-one volume comparable to BSOL as a percentage of market cap.The key risk is that this remains an early-innings lockout rally rather than a new bull trend, while NVDA’s crowded short positioning creates a potential one-to-two-day rebound catalyst into earnings.

Avi Felman × Jonah Van Bourg × Santiago Santos

Santiago Santos is winding down Inversion’s crypto thesis after finding Remitly and Wise “not making money” with no pricing power, while stablecoins remain a real dollar-rail use case.The pivot favors mandated, recurring cash flow such as critical-power servicing, where fragmented markets, emergency pricing and AI-enabled efficiency may support returns, while Inversion’s holdco structure protects judgment and capital discipline.

Avi Felman × Jonah Van Bourg

Leopold Aschenbrenner’s fund was margin-called after 4x leverage created roughly $120 billion of memory exposure, showing how public weakness can turn a sound AI thesis into a path-dependent liquidation.Both hosts are buying the dip, citing 40%-50% memory undersupply over the next 12 months.Watch whether the vanished $25 billion July bid delays recovery for 2, 3, or 5 weeks.

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 × Vlad Novakovski × Jonah Van Bourg

Lighter built finance-specific ZK circuits that it says require 1% of general-purpose compute, targeting lower cost, latency, and verification as decentralized venues challenge centralized exchanges.Its last equity round was committed as the final one, with all value accruing to the token, while on-chain options are planned for Q3 of 26 and regulatory treatment remains conditional on the Clarity Act and SEC innovation.