Jonah Van Bourg

Avi Felman × Andrew Kang × Jonah Van Bourg

Andrew Kang sees private robotics as crypto in 2014–2015, with market capitalization rising from $20B to $100–150B and potentially 100x upside toward a tens-of-trillions destination.Robo Strategy applies MicroStrategy’s accretive issuance model to private robotics, while a roughly one-year path from GPT-3 to GPT-5-level robotics, rising VC interest and severe failure risk make execution, NAV premiums and valuation marks the key watchpoints.

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

Bitcoin dominance at 61% and ETH/BTC at 0.028 frame Avi’s contrarian case for selling BTC into fundamentally strong alts such as TAO, while Jonah waits for a bottom and rally rather than catching a falling knife.Litecoin’s 30% monthly gain after BTC fell shows how waiting can surrender idiosyncratic premium, but AI-coin mindshare can shift within weeks and Solana’s $1.6B unlock remains the catalyst and risk to monitor.

Avi Felman × Jonah Van Bourg

Bitcoin’s six-figure price may still precede broader institutional and retail inflows, while year-end Saylor purchases, taxes and January bonuses could redirect capital toward alts.The opportunity is selective rather than a repeat of 2021, with AI agents and Virtuals offering speculative upside but copycats, weak network effects and 70% altcoin drawdowns demanding disciplined exits.

Chiefingza × Avi Felman × Jonah Van Bourg

TAO gained more than 2.5x toward $600 while ETH/BTC fell roughly 10%, leaving Chiefingza bullish on TAO but wrong on ETH/BTC.TAO’s differentiated thesis is an incentive-driven open-source AI ecosystem, with subnet growth into the 50s and better teams gaining share.Election volatility favors sector leaders, but $20 million-$30 million monthly emissions and high inflation keep upside conditional.

Avi Felman × Jonah Van Bourg

SUI looks like a next-bear-market accumulation candidate rather than a $50-52B chase, while Hyperliquid appears undervalued as an exchange around a 12-15x forward multiple.Bitcoin's next break toward 125 or 150k could redirect hot money into Hyperliquid, AI16Z, and Virtuals, but weak switching costs make crypto AI more fragile than DeFi and leave CPI as the key macro risk.