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

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 × 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

Crypto’s K-shaped reset favors products with users and revenue while most tokens face zero, reframing the asset class around product-market fit rather than category labels.Bitcoin’s risk is concentrated in Michael Saylor as its only active trader, while Hyperliquid’s 3x run trails comparable mega-cap equity moves and exposes crypto’s upside limits.Avi’s 50-55K BTC bid, 20% allocation ceiling, and 50% cash position keep catalysts such as AI IPOs and memory pricing in focus alongside overheating risks.

Avi Felman × Jonah Van Bourg

The rally is framed as a lockout: bears sold the Iran-war dip, missed the rebound, and now face all-time highs, while AI, energy, and crypto fundamentals still lead perception.Monitor inflation toward 4%, top-10% consumer spending, overinvestment, and the first earnings miss; Korea’s doubled margin loans and memory undersupply add catalysts and froth risk.

Avi Felman × Jonah Van Bourg

Market breadth, commodities, and AI-driven software repricing support Avi’s lockout-rally thesis, while under 30% of workers use AI daily.Bitcoin’s resilience suggests few sellers remain, and STRC’s 11.5% dividend plus MSTR’s weekly purchases could amplify a staircase rally before a blow-off top.Credit-card defaults or weaker luxury spending would falsify the AI thesis.

Avi Felman × Jonah Van Bourg

Avi sees Bitcoin’s failed breakdown and move above 74 as evidence that sellers are exhausted, with 69 as the failed-breakout risk level and 85 as the near-term target.The Iran shock may create a wall of worry rather than lasting contagion, while Hyperliquid’s weekend access and Sky’s buybacks offer differentiated stablecoin exposure as Circle faces high valuation and falling-yield risk.

Avi Felman × Jonah Van Bourg

Year-end tax-loss harvesting can amplify crypto declines because funds may sell losers and rebuy immediately under crypto’s lack of a wash-trading rule.With BTC down on the year, the hosts see a decay-mode market, favor shorting L1s and monitoring Hyperliquid’s team-unlock overhang into January.