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

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 × 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

SpaceX, OpenAI, and Anthropic could debut at $1–1.5T+, pulling returns forward into private markets and potentially lowering future index-fund returns.As IPO lockup liquidity may flow into Austin and SF real estate, Ferraris, Pokémon cards, and collectibles, May CPI and 172K payrolls have pushed December hike odds from 45% to 70%, while both hosts hold substantial cash.

Avi Felman × Jonah Van Bourg

HP and Dell’s catchup rally alongside weaker Mag 7 leaders may signal a late-cycle shift into derivative trades, though Avi points to surging physical DDR4 demand as evidence against a bubble.The IBIT/MSTR pair trade, upcoming OpenAI and Anthropic supply, and Iran’s $200-crude downside scenario frame catalysts and risks for a concentrated, high-cash approach.

Avi Felman × Jonah Van Bourg

AI is reversing the software build-versus-buy equation, potentially shifting Salesforce, Atlassian, Adobe, Workday and Slack spending into hyperscaler margins while making vertical integration a decisive compute advantage.The debate now centers on whether crypto faces a 9-18 month winter, Bitcoin’s 60-64k value zone and quantum-resistant migration, with CoreWeave’s depreciating chip assets an additional risk to monitor.

Avi Felman × Jonah Van Bourg

AI infrastructure builders may accumulate “astronomical” capital before AGI, which Avi thinks “might be” 7 years out, while 50% of spending comes from top 10% least likely displaced.The expression is utilities and construction near data-center builds rather than natural gas, while Bitcoin remains unresolved: Jonah sees 60k as the bottom, but Avi wants a hard bounce off a 60k retest.