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Michaël van de Poppe

@CryptoMichNL • 822,553 subscribers

CIO & Founder @MNFund_ and @MNCapital_vc | Host of @new_era_finance | Macro-Economics, Value Based Investing & Trading | Crypto & Bitcoin Enthusiast

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Tom Lee thinks 2027 could deliver "the biggest stock market gains in our lifetime." Not a vibe. He walked me through the actual mechanism: Right now the market punishes every company spending on AI — the capex shows up as cost, not return. His call is that this flips. "2027 is my best guess is the year. Corporate profit margins dramatically expand because of AI." He uses his own firm as the proof: "we use a lot of AI and bots, and we're growing without having to hire people." When your highest cost is people, and your revenue still climbs, that's margin expansion. Then the second leg: "AI, if it's productive, is disinflationary." Falling costs mean central banks can ease. Dovish policy plus real profit growth is how you get higher earnings and higher multiples at the same time. That's his call, not mine — but I like that it's mechanical, not hopeful. Right now the market is pricing AI as an expense. He's arguing 2027 is when it shows up as profit.

Tom Lee thinks 2027 could deliver "the biggest stock market gains in our lifetime." Not a vibe. He walked me through the actual mechanism: Right now the market punishes every company spending on AI — the capex shows up as cost, not return. His call is that this flips. "2027 is my best guess is the year. Corporate profit margins dramatically expand because of AI." He uses his own firm as the proof: "we use a lot of AI and bots, and we're growing without having to hire people." When your highest cost is people, and your revenue still climbs, that's margin expansion. Then the second leg: "AI, if it's productive, is disinflationary." Falling costs mean central banks can ease. Dovish policy plus real profit growth is how you get higher earnings and higher multiples at the same time. That's his call, not mine — but I like that it's mechanical, not hopeful. Right now the market is pricing AI as an expense. He's arguing 2027 is when it shows up as profit.

38,986 views

Good vibes only with OKX.

Good vibes only with OKX.

31,190 views

I'm very proud to announce that I'll be a speaker at Chainlink's event SmartCon in New York during New York Blockchain Week! I've never been to the conference or New York, and I'm really looking forward to this trip. Shall we host another episode with Sergey Nazarov on New Era Finance Podcast?

I'm very proud to announce that I'll be a speaker at Chainlink's event SmartCon in New York during New York Blockchain Week! I've never been to the conference or New York, and I'm really looking forward to this trip. Shall we host another episode with Sergey Nazarov on New Era Finance Podcast?

37,732 views

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My last five guests told you the dollar is dying. Brent Johnson manages money on the opposite thesis, and he came on to defend it. "I think a lot of people who want to have a quick end to this whole nonsense are gonna be disappointed. I think this is gonna go on much longer than people think, but that doesn't mean there won't be pockets of great volatility along the way." Brent Johnson (Santiago Capital) is CEO of Santiago Capital and the man behind the Dollar Milkshake Theory. His line that reframes the whole collapse debate: "Imminent is not the same thing as inevitable." He agrees it ends badly. He's watched people trade the ending for eight years and lose. "Things don't end just because they should." We cover: - Why higher rates are, in his words, "actually stimulative", until you hit the wall - The 2022 proof: the US froze Russia's reserves, the ultimate reason to flee the dollar, and the dollar index ran from 98 to 114 - Want vs need: "I totally understand people might not want the dollar. The fact is, like it or not, they still need it" - Stablecoins as a stealth dollar expansion, 99% of all stablecoins are dollar stablecoins - Why he calls this the most challenging period in his 26 years of managing money - And the surprise at the end: what he actually owns in #crypto rails Timestamps: 00:00 - Intro 01:00 - Markets And Interest Rates 06:29 - The Global Economy 10:14 - Capital Flows 13:53 - The K-Shaped Economy 19:23 - Centrally Planned Economies 24:36 - Value Investing 34:02 - Long-Term Investing 40:49 - AI And Investing 42:40 - Stablecoins And Finance 54:23 - Risks And Opportunities Every debasement guest on this channel says the dollar loses. He says it drains everyone else first. Someone's wrong.

My last five guests told you the dollar is dying. Brent Johnson manages money on the opposite thesis, and he came on to defend it. "I think a lot of people who want to have a quick end to this whole nonsense are gonna be disappointed. I think this is gonna go on much longer than people think, but that doesn't mean there won't be pockets of great volatility along the way." Brent Johnson (Santiago Capital) is CEO of Santiago Capital and the man behind the Dollar Milkshake Theory. His line that reframes the whole collapse debate: "Imminent is not the same thing as inevitable." He agrees it ends badly. He's watched people trade the ending for eight years and lose. "Things don't end just because they should." We cover: - Why higher rates are, in his words, "actually stimulative", until you hit the wall - The 2022 proof: the US froze Russia's reserves, the ultimate reason to flee the dollar, and the dollar index ran from 98 to 114 - Want vs need: "I totally understand people might not want the dollar. The fact is, like it or not, they still need it" - Stablecoins as a stealth dollar expansion, 99% of all stablecoins are dollar stablecoins - Why he calls this the most challenging period in his 26 years of managing money - And the surprise at the end: what he actually owns in #crypto rails Timestamps: 00:00 - Intro 01:00 - Markets And Interest Rates 06:29 - The Global Economy 10:14 - Capital Flows 13:53 - The K-Shaped Economy 19:23 - Centrally Planned Economies 24:36 - Value Investing 34:02 - Long-Term Investing 40:49 - AI And Investing 42:40 - Stablecoins And Finance 54:23 - Risks And Opportunities Every debasement guest on this channel says the dollar loses. He says it drains everyone else first. Someone's wrong.

Michaël van de Poppe

61,335 views • 5 days ago

"Sitting on the sidelines waiting for the crash might be the most expensive decision you make." The whole point of that is that, if you think that markets are going to fall, your upside is going to be finite. However, if you're wrong, your downside is infinite. That's why being bearish is most often not the right strategy to take, even though you're expecting indices or other assets to structurally go down. Resonate that with #Bitcoin. Sure, we're currently in a correction, but being structurally bearish from here might give you a correction of 10-20%? And if you're wrong, the upside is 100% or more? Not the best bet to take from my side, and some great lessons from Santiago Capital on this matter.

"Sitting on the sidelines waiting for the crash might be the most expensive decision you make." The whole point of that is that, if you think that markets are going to fall, your upside is going to be finite. However, if you're wrong, your downside is infinite. That's why being bearish is most often not the right strategy to take, even though you're expecting indices or other assets to structurally go down. Resonate that with #Bitcoin. Sure, we're currently in a correction, but being structurally bearish from here might give you a correction of 10-20%? And if you're wrong, the upside is 100% or more? Not the best bet to take from my side, and some great lessons from Santiago Capital on this matter.

Michaël van de Poppe

27,756 views • 2 days ago

While everyone's staring at #Bitcoin, Matt Hougan says four other assets are quietly leading this entire bull market. Matt Hougan (Matt Hougan) is CIO of Bitwise, one of the largest crypto asset managers in the world. His frame for what's happening is bigger than a cycle: The addressable market for DeFi protocols just grew 100x. From competing inside a $2 trillion crypto market to taking a shot at the $100 trillion stock market and the $300 trillion bond market. And the race for that prize is on: "$HYPE making its case to be chiseled into the Mount Rushmore. $ZEC is arguing that privacy should be on the Mount Rushmore. $VVV is arguing that real world AI should be on the Mount Rushmore." We cover: - The four assets he sees winning this bull market, and why Bitcoin is only part of the story - Why traditional investors who move into the tokenized world never go back - Why exchanges keep getting disrupted every year and a half - The Mount Rushmore of crypto: who's carved in, who's campaigning - Bitcoin as the debasement hedge, tokenization as the second megatrend running alongside it Thanks to OKX for being today’s sponsor of the show! Timestamps: 00:55 - The Bull Market Awakening 03:03 - Bridging TradFi And Blockchain 05:59 - The Evolution Of DeFi 08:55 - The Future Of Trading 12:13 - Institutional Interest And Regulation 14:54 - The Changing Exchange Landscape 18:10 - The Future Of ETFs 26:57 - Tokenization's Next Phase 28:40 - Layer One Expectations 30:10 - New Protocols And DeFi Bets 32:13 - Social Trading And FOMO 34:38 - Tokenized Stocks Explained 36:01 - The Mount Rushmore Of Crypto 38:57 - Fixing Tokenomics 41:21 - Bitcoin As An Inflation Hedge 45:12 - The Two Mega Trends 47:50 - AI's Role In Crypto

While everyone's staring at #Bitcoin, Matt Hougan says four other assets are quietly leading this entire bull market. Matt Hougan (Matt Hougan) is CIO of Bitwise, one of the largest crypto asset managers in the world. His frame for what's happening is bigger than a cycle: The addressable market for DeFi protocols just grew 100x. From competing inside a $2 trillion crypto market to taking a shot at the $100 trillion stock market and the $300 trillion bond market. And the race for that prize is on: "$HYPE making its case to be chiseled into the Mount Rushmore. $ZEC is arguing that privacy should be on the Mount Rushmore. $VVV is arguing that real world AI should be on the Mount Rushmore." We cover: - The four assets he sees winning this bull market, and why Bitcoin is only part of the story - Why traditional investors who move into the tokenized world never go back - Why exchanges keep getting disrupted every year and a half - The Mount Rushmore of crypto: who's carved in, who's campaigning - Bitcoin as the debasement hedge, tokenization as the second megatrend running alongside it Thanks to OKX for being today’s sponsor of the show! Timestamps: 00:55 - The Bull Market Awakening 03:03 - Bridging TradFi And Blockchain 05:59 - The Evolution Of DeFi 08:55 - The Future Of Trading 12:13 - Institutional Interest And Regulation 14:54 - The Changing Exchange Landscape 18:10 - The Future Of ETFs 26:57 - Tokenization's Next Phase 28:40 - Layer One Expectations 30:10 - New Protocols And DeFi Bets 32:13 - Social Trading And FOMO 34:38 - Tokenized Stocks Explained 36:01 - The Mount Rushmore Of Crypto 38:57 - Fixing Tokenomics 41:21 - Bitcoin As An Inflation Hedge 45:12 - The Two Mega Trends 47:50 - AI's Role In Crypto

Michaël van de Poppe

219,775 views • 26 days ago

The largest opportunities are created when there's a big mismatch between fundamental growth and the current token price. That's what I call a divergence and that's when you can value invest into an asset. $SUI is one of those assets. The current sentiment surrounding $SUI isn't the sentiment that it will be in a year from now. I spoke about this at $SUI basecamp a few weeks ago as one of the most essential ways on how you could invest into these markets. The prime example: the growth of tokenization. Tokenization started to accelerate at the end of 2025 already, but yet, underlying tokens haven't really picked up momentum at all. Still, today, the fair value of those tokens are significantly higher than the current value. When it comes to $SUI, there's clearly a mismatch between what the team is building and the current sentiment. The TAM of their product is infinite. Why? AI Agents and the Agentic Economy doesn't have a max cap. Everyone can build an infinite amount of agents to process payments and to do work for them. It's all about the infrastructure that's building the payment rails for them in order to be making sure that those agents can do their part. That's why confidential payments, free transactions on scalable payment rails are so important. One thing made me clear from the event in Singapore is that this is what $SUI is building for and almost everyone has no clue of what's here to come. A strong vision and, I think, a strong road to go for. That's why it has also become one of my anchors in my #Altcoin portfolio.

The largest opportunities are created when there's a big mismatch between fundamental growth and the current token price. That's what I call a divergence and that's when you can value invest into an asset. $SUI is one of those assets. The current sentiment surrounding $SUI isn't the sentiment that it will be in a year from now. I spoke about this at $SUI basecamp a few weeks ago as one of the most essential ways on how you could invest into these markets. The prime example: the growth of tokenization. Tokenization started to accelerate at the end of 2025 already, but yet, underlying tokens haven't really picked up momentum at all. Still, today, the fair value of those tokens are significantly higher than the current value. When it comes to $SUI, there's clearly a mismatch between what the team is building and the current sentiment. The TAM of their product is infinite. Why? AI Agents and the Agentic Economy doesn't have a max cap. Everyone can build an infinite amount of agents to process payments and to do work for them. It's all about the infrastructure that's building the payment rails for them in order to be making sure that those agents can do their part. That's why confidential payments, free transactions on scalable payment rails are so important. One thing made me clear from the event in Singapore is that this is what $SUI is building for and almost everyone has no clue of what's here to come. A strong vision and, I think, a strong road to go for. That's why it has also become one of my anchors in my #Altcoin portfolio.

Michaël van de Poppe

31,629 views • 4 days ago

I asked Santiago Capital why the collapse everyone keeps predicting just doesn't come." His answer is simple: The Dollar remains to be the strongest asset, and it won't fall down as it's the last reserve. First, you'll see all other markets tumble, then you'll potentially get a crash in the Dollar. The last weeks, we're seeing the same occur again. China is in a recession. Multiple other Asian markets are seeing a strong outflux of capital, as Indonesia has seen extended losses. Where does this fly to? Exactly, it goes towards the place of the lowest risk and highest return: The US Dollar. The crash won't happen soon, but once it will happen, it will be very painful.

I asked Santiago Capital why the collapse everyone keeps predicting just doesn't come." His answer is simple: The Dollar remains to be the strongest asset, and it won't fall down as it's the last reserve. First, you'll see all other markets tumble, then you'll potentially get a crash in the Dollar. The last weeks, we're seeing the same occur again. China is in a recession. Multiple other Asian markets are seeing a strong outflux of capital, as Indonesia has seen extended losses. Where does this fly to? Exactly, it goes towards the place of the lowest risk and highest return: The US Dollar. The crash won't happen soon, but once it will happen, it will be very painful.

Michaël van de Poppe

25,502 views • 3 days ago

Every chain is racing to let AI agents move money. Boris Bohrer-Bilowitzky, Boris Bohrer-Bilowitzki, asked the question that stops the party: "None of them can tell you who's behind the agent." Boris is CEO of Concordium, and his case is that the biggest narrative of this cycle isn't agents moving money, it's the identity layer underneath them. An agent with a wallet is a liability nobody has assigned yet: when it loses money, who's responsible? The developer? The owner? The chain? His answer is proof without exposure: verify who you are without handing your passport to every platform, and without the all-or-nothing choice governments are pushing between full control and full anonymity. We cover: - Why AI agents with wallets create a liability problem nobody has solved - Identity verification on-chain: proof of personhood without surveillance - How Concordium compares to Worldcoin and Ethereum's agent identity standard - The hard question I put to him directly: why is the market cap still this low, and what has to happen next year? - Making blockchain invisible, the UX problem crypto still hasn't fixed Full transparency: I’m holding $CCD personally as I’m standing behind the thesis that the team is building for. Timestamps: 00:00 - Intro 01:10 - State Of The Crypto Market 05:54 - Privacy Vs. Control 11:57 - AI And Financial Transactions 17:58 - Who Is Liable For AI Agents? 20:52 - Crypto's User Experience Problem 41:47 - Concordium Vs. #Ethereum 43:37 - Concordium Vs. Worldcoin 45:28 - Why Is The Market Cap Low? 56:20 - Concordium's Goals For Next Year

Every chain is racing to let AI agents move money. Boris Bohrer-Bilowitzky, Boris Bohrer-Bilowitzki, asked the question that stops the party: "None of them can tell you who's behind the agent." Boris is CEO of Concordium, and his case is that the biggest narrative of this cycle isn't agents moving money, it's the identity layer underneath them. An agent with a wallet is a liability nobody has assigned yet: when it loses money, who's responsible? The developer? The owner? The chain? His answer is proof without exposure: verify who you are without handing your passport to every platform, and without the all-or-nothing choice governments are pushing between full control and full anonymity. We cover: - Why AI agents with wallets create a liability problem nobody has solved - Identity verification on-chain: proof of personhood without surveillance - How Concordium compares to Worldcoin and Ethereum's agent identity standard - The hard question I put to him directly: why is the market cap still this low, and what has to happen next year? - Making blockchain invisible, the UX problem crypto still hasn't fixed Full transparency: I’m holding $CCD personally as I’m standing behind the thesis that the team is building for. Timestamps: 00:00 - Intro 01:10 - State Of The Crypto Market 05:54 - Privacy Vs. Control 11:57 - AI And Financial Transactions 17:58 - Who Is Liable For AI Agents? 20:52 - Crypto's User Experience Problem 41:47 - Concordium Vs. #Ethereum 43:37 - Concordium Vs. Worldcoin 45:28 - Why Is The Market Cap Low? 56:20 - Concordium's Goals For Next Year

Michaël van de Poppe

96,212 views • 17 days ago

Last episode: Henrik Zeberg predicts that #Bitcoin crashes 90%. This episode, one of the world's leading liquidity experts explains why the opposite is structurally locked in. "The West is bust, and the world is changed." Michael Howell (CrossBorder Capital/ GLIndexes) founded CrossBorder Capital and has spent decades tracking one variable: global liquidity. His argument is that governments have quietly stopped borrowing the normal way, and started printing without calling it printing: "Governments are issuing three month Treasury bills, and those Treasury bills are like printing money." Long-term debt has become too expensive to issue in a world of higher yields. So everything shifts to the short end, the debt gets rolled instead of repaid, and monetary inflation becomes the release valve. Not a policy choice. A structural one. And his model puts a number on what that means: for every 10% increase in global liquidity, Bitcoin's price has historically doubled. We cover: - Why "the West is bust", and why that makes printinginevitable, not optional - The debt refinancing wall: why governments can't issue real long-term debt anymore - His liquidity model, and the Bitcoin relationship inside it - Why monetary inflation quietly destroys wealth that isn't in the right assets - Why he says most people still have close to zero allocation to the one asset built for this environment - Aging demographics, AI, and the future of bonds Thanks to OKX for being sponsor of todays show! Timestamps: 00:50 - The West Is Bust 03:01 - Debt Refinancing Explained 06:14 - Causes Of Monetary Inflation 09:05 - The Debt Liquidity Cycle 12:14 - Government Spending And Rates 14:50 - Aging Demographics And Policy 17:47 - Central Banks In A Changing Economy 21:04 - Assets In High Inflation 23:56 - Rate And Growth Projections 29:44 - Debt And Inflation On Assets 35:00 - Financial Crises And Liquidity 40:21 - Portfolio Strategy In Volatility 45:32 - AI And Interest Rates 51:23 - The Future Of Bonds

Last episode: Henrik Zeberg predicts that #Bitcoin crashes 90%. This episode, one of the world's leading liquidity experts explains why the opposite is structurally locked in. "The West is bust, and the world is changed." Michael Howell (CrossBorder Capital/ GLIndexes) founded CrossBorder Capital and has spent decades tracking one variable: global liquidity. His argument is that governments have quietly stopped borrowing the normal way, and started printing without calling it printing: "Governments are issuing three month Treasury bills, and those Treasury bills are like printing money." Long-term debt has become too expensive to issue in a world of higher yields. So everything shifts to the short end, the debt gets rolled instead of repaid, and monetary inflation becomes the release valve. Not a policy choice. A structural one. And his model puts a number on what that means: for every 10% increase in global liquidity, Bitcoin's price has historically doubled. We cover: - Why "the West is bust", and why that makes printinginevitable, not optional - The debt refinancing wall: why governments can't issue real long-term debt anymore - His liquidity model, and the Bitcoin relationship inside it - Why monetary inflation quietly destroys wealth that isn't in the right assets - Why he says most people still have close to zero allocation to the one asset built for this environment - Aging demographics, AI, and the future of bonds Thanks to OKX for being sponsor of todays show! Timestamps: 00:50 - The West Is Bust 03:01 - Debt Refinancing Explained 06:14 - Causes Of Monetary Inflation 09:05 - The Debt Liquidity Cycle 12:14 - Government Spending And Rates 14:50 - Aging Demographics And Policy 17:47 - Central Banks In A Changing Economy 21:04 - Assets In High Inflation 23:56 - Rate And Growth Projections 29:44 - Debt And Inflation On Assets 35:00 - Financial Crises And Liquidity 40:21 - Portfolio Strategy In Volatility 45:32 - AI And Interest Rates 51:23 - The Future Of Bonds

Michaël van de Poppe

174,719 views • 1 month ago

Everyone turned bullish in one week. The CEO of an exchange serving 100 million users told me she doesn't buy it. "I don't think it's a typical bear market, nor is it a bull market. I will call it a monkey market, because it just jumps up and down." Gracy Chen (Gracy Chen Bitget) runs Bitget. Nobody benefits more from bull-market euphoria than an exchange CEO, which is exactly why her caution is worth hearing. Her read: sentiment changed massively in a week, the fundamentals didn't. And in a monkey market, high leverage cuts you in both directions. She goes further than caution. Many layer 1s, layer 2s and Web3 apps are, in her words, "dead or dying", while stablecoins, tokenized stocks and RWAs are the ones showing real product-market fit. So what actually triggers the real bull market? Her answer is specific, and honest about the uncertainty: the Clarity Act passing, and the US government starting to buy #Bitcoin, both, she says, still very unknown. We cover: - Why she worries when sentiment moves faster than fundamentals - The four-year cycle question, and the black swan scenario she says we should at least be aware of - Which parts of crypto are dead or dying and which have found product-market fit - AI agents trading on exchanges, and who's liable - Building trust after FTX: proof of reserves and the universal exchange - Being a CEO in crypto, not a "female CEO," a CEO Timestamps: 00:00 - Intro 01:00 - Women In Crypto 10:08 - Bitcoin Mass Adoption 13:06 - Crypto's Innovation Dilemma 20:47 - AI And Crypto 24:50 - Real World Assets 30:32 - Market Sentiment 34:22 - Competing As An Exchange 40:17 - Building Trust 44:29 - Challenges Ahead 46:10 - Future Of Crypto

Everyone turned bullish in one week. The CEO of an exchange serving 100 million users told me she doesn't buy it. "I don't think it's a typical bear market, nor is it a bull market. I will call it a monkey market, because it just jumps up and down." Gracy Chen (Gracy Chen Bitget) runs Bitget. Nobody benefits more from bull-market euphoria than an exchange CEO, which is exactly why her caution is worth hearing. Her read: sentiment changed massively in a week, the fundamentals didn't. And in a monkey market, high leverage cuts you in both directions. She goes further than caution. Many layer 1s, layer 2s and Web3 apps are, in her words, "dead or dying", while stablecoins, tokenized stocks and RWAs are the ones showing real product-market fit. So what actually triggers the real bull market? Her answer is specific, and honest about the uncertainty: the Clarity Act passing, and the US government starting to buy #Bitcoin, both, she says, still very unknown. We cover: - Why she worries when sentiment moves faster than fundamentals - The four-year cycle question, and the black swan scenario she says we should at least be aware of - Which parts of crypto are dead or dying and which have found product-market fit - AI agents trading on exchanges, and who's liable - Building trust after FTX: proof of reserves and the universal exchange - Being a CEO in crypto, not a "female CEO," a CEO Timestamps: 00:00 - Intro 01:00 - Women In Crypto 10:08 - Bitcoin Mass Adoption 13:06 - Crypto's Innovation Dilemma 20:47 - AI And Crypto 24:50 - Real World Assets 30:32 - Market Sentiment 34:22 - Competing As An Exchange 40:17 - Building Trust 44:29 - Challenges Ahead 46:10 - Future Of Crypto

Michaël van de Poppe

55,334 views • 10 days ago

Mark Yusko ran institutional money for decades. Mark W. Yusko - Two Point One Quadrillion his #Bitcoin math is the calmest bullish case you'll hear this month: "I think Bitcoin, you know, it's coming up on two trillion dollars again. I think super easily it's a $15 trillion asset." Not a moonboy number. A fair value model built on Metcalfe's law, network value scaling with users, from the CEO and CIO of Morgan Creek Capital. And he's equally clear about the timeline: getting there takes 5 to 10 years, through a slow "crypto spring" before "crypto summer", with the fast move only coming after the next halving. Thanks to OKX for being today's sponsor of the show! The monetary backdrop is what carries the thesis: - $10 trillion issued in the last 5 years, as much as in the first 245 years of the United States - Inflation quietly taking 50% of your purchasing power over 30 years - And governments, in his view, about to become Bitcoin holders themselves We cover: - His Metcalfe-based fair value model, and why price sits below it - Lessons from Japan, the Great Depression parallel, and the K-shaped economy - Why scarcity wins every currency debate in history - The honest part most bulls skip: why returns shrink as Bitcoin gets bigger - Bitcoin's role in the future financial system Timestamps: 00:00 - Intro 01:00 - Is Bitcoin Out Of The Woods? 03:50 - Accumulation And Bull Markets 07:10 - Lessons From Japan 09:57 - The Great Depression Parallel 12:58 - The K-Shaped Economy 15:48 - Lessons From Currency History 19:11 - Why Scarcity Wins 22:11 - Risks To The Financial System 29:16 - Inflation And Investing 35:18 - Bitcoin Market Cycles 41:45 - Diminishing Returns 47:35 - Bitcoin In The Future Economy 53:41 - Future Financial Infrastructure

Mark Yusko ran institutional money for decades. Mark W. Yusko - Two Point One Quadrillion his #Bitcoin math is the calmest bullish case you'll hear this month: "I think Bitcoin, you know, it's coming up on two trillion dollars again. I think super easily it's a $15 trillion asset." Not a moonboy number. A fair value model built on Metcalfe's law, network value scaling with users, from the CEO and CIO of Morgan Creek Capital. And he's equally clear about the timeline: getting there takes 5 to 10 years, through a slow "crypto spring" before "crypto summer", with the fast move only coming after the next halving. Thanks to OKX for being today's sponsor of the show! The monetary backdrop is what carries the thesis: - $10 trillion issued in the last 5 years, as much as in the first 245 years of the United States - Inflation quietly taking 50% of your purchasing power over 30 years - And governments, in his view, about to become Bitcoin holders themselves We cover: - His Metcalfe-based fair value model, and why price sits below it - Lessons from Japan, the Great Depression parallel, and the K-shaped economy - Why scarcity wins every currency debate in history - The honest part most bulls skip: why returns shrink as Bitcoin gets bigger - Bitcoin's role in the future financial system Timestamps: 00:00 - Intro 01:00 - Is Bitcoin Out Of The Woods? 03:50 - Accumulation And Bull Markets 07:10 - Lessons From Japan 09:57 - The Great Depression Parallel 12:58 - The K-Shaped Economy 15:48 - Lessons From Currency History 19:11 - Why Scarcity Wins 22:11 - Risks To The Financial System 29:16 - Inflation And Investing 35:18 - Bitcoin Market Cycles 41:45 - Diminishing Returns 47:35 - Bitcoin In The Future Economy 53:41 - Future Financial Infrastructure

Michaël van de Poppe

65,333 views • 12 days ago

“It’s most likely going to play out very similar to the dot-com boom.” Brent Johnson (Santiago Capital) on AI. A lot of these companies will go bankrupt, but a handful will be the dominant companies five, ten, 15 years from now. This chart shows how concentrated this market already is. A boom like Brent mentioned doesn’t kill all of the technology, it decides which will survive.

“It’s most likely going to play out very similar to the dot-com boom.” Brent Johnson (Santiago Capital) on AI. A lot of these companies will go bankrupt, but a handful will be the dominant companies five, ten, 15 years from now. This chart shows how concentrated this market already is. A boom like Brent mentioned doesn’t kill all of the technology, it decides which will survive.

Michaël van de Poppe

24,899 views • 4 days ago

Two years of pain. This week my #altcoin portfolio went back into profit. It hit a new yearly high of $205,000, and we're barely at the start of this bull market, with most altcoins having hardly moved yet. The market threw a correction at us this week: KOSPI selling off, CPI printing hot. But the most important moves I made weren't buys. I scaled out of $NEAR, took profit on $W, accumulated at $0.012–0.014, sold a big chunk at $0.03, and kept building cash. What I cover: – Why the KOSPI drop and the hotter-than-expected CPI triggered the correction, and why that's healthy, not the start of another bear market – Why total #crypto market cap says we're in a new bull market just taking a breather, and the real risk is bear-market PTSD making people sell the dip – How I captured the $W move and why I took profit exactly where I did – Why I'm building a bigger cash position into strength instead of staying fully allocated – Why I still don't hold $LINK, $ETH or $BTC in this book yet, and what would change that – Where my take-profit levels sit on my existing positions, and the new one I added this week

Two years of pain. This week my #altcoin portfolio went back into profit. It hit a new yearly high of $205,000, and we're barely at the start of this bull market, with most altcoins having hardly moved yet. The market threw a correction at us this week: KOSPI selling off, CPI printing hot. But the most important moves I made weren't buys. I scaled out of $NEAR, took profit on $W, accumulated at $0.012–0.014, sold a big chunk at $0.03, and kept building cash. What I cover: – Why the KOSPI drop and the hotter-than-expected CPI triggered the correction, and why that's healthy, not the start of another bear market – Why total #crypto market cap says we're in a new bull market just taking a breather, and the real risk is bear-market PTSD making people sell the dip – How I captured the $W move and why I took profit exactly where I did – Why I'm building a bigger cash position into strength instead of staying fully allocated – Why I still don't hold $LINK, $ETH or $BTC in this book yet, and what would change that – Where my take-profit levels sit on my existing positions, and the new one I added this week

Michaël van de Poppe

33,371 views • 6 days ago

I'm positioned for a new bull market. I've said it publicly, with my own money behind it. So I invited the one macro strategist who thinks I'm walking into a trap. "What you're seeing right now is not a new bull market. It's actually a bear market rally. It's also called a fool's rally." Henrik Zeberg (Henrik Zeberg) is known for calling major market turns. His scenario is specific, and it's brutal: #Bitcoin bounces to $115,000-$120,000, gets rejected a second time, and then gets crushed, up to 90% from here. Driven by a recession Bitcoin has genuinely never lived through, and a dollar strengthening at exactly the wrong moment. Thanks to OKX for being today's sponsor of the show! We cover: - Why what looks like a breakout is, in his read, the setup, not the escape - The avalanche effect: how liquidity stress cascades into risk assets - Why Bitcoin has never actually been tested by a real recession - His case that the four-year cycle theory is misleading an entire generation into waiting for a bottom that never comes the way they expect - What AI does to labor, inflation and the Fed's dilemma - How he'd navigate the volatility either way Timestamps: 00:00 - Bitcoin's Recent Surge 02:59 - Bitcoin vs Risk Assets 05:52 - The Avalanche Effect 08:52 - Bear Rally Or Bull Market? 11:58 - The Dollar's Role 14:56 - Sentiment And The Clarity Act 18:03 - Liquidity vs Real Economy 20:59 - The Fed's Dilemma 24:12 - Bitcoin In A Weak Economy 31:21 - Inflation And Consumers 34:05 - Inflation vs The Labor Market 37:22 - Nasdaq And Bitcoin Outlook 40:43 - A Weakening US Economy 45:29 - AI's Impact On Labor 51:34 - Bitcoin In A Recession 54:08 - Navigating The Volatility One of us is wrong. That's exactly why this conversation needed to happen. Who’s side are you on?

I'm positioned for a new bull market. I've said it publicly, with my own money behind it. So I invited the one macro strategist who thinks I'm walking into a trap. "What you're seeing right now is not a new bull market. It's actually a bear market rally. It's also called a fool's rally." Henrik Zeberg (Henrik Zeberg) is known for calling major market turns. His scenario is specific, and it's brutal: #Bitcoin bounces to $115,000-$120,000, gets rejected a second time, and then gets crushed, up to 90% from here. Driven by a recession Bitcoin has genuinely never lived through, and a dollar strengthening at exactly the wrong moment. Thanks to OKX for being today's sponsor of the show! We cover: - Why what looks like a breakout is, in his read, the setup, not the escape - The avalanche effect: how liquidity stress cascades into risk assets - Why Bitcoin has never actually been tested by a real recession - His case that the four-year cycle theory is misleading an entire generation into waiting for a bottom that never comes the way they expect - What AI does to labor, inflation and the Fed's dilemma - How he'd navigate the volatility either way Timestamps: 00:00 - Bitcoin's Recent Surge 02:59 - Bitcoin vs Risk Assets 05:52 - The Avalanche Effect 08:52 - Bear Rally Or Bull Market? 11:58 - The Dollar's Role 14:56 - Sentiment And The Clarity Act 18:03 - Liquidity vs Real Economy 20:59 - The Fed's Dilemma 24:12 - Bitcoin In A Weak Economy 31:21 - Inflation And Consumers 34:05 - Inflation vs The Labor Market 37:22 - Nasdaq And Bitcoin Outlook 40:43 - A Weakening US Economy 45:29 - AI's Impact On Labor 51:34 - Bitcoin In A Recession 54:08 - Navigating The Volatility One of us is wrong. That's exactly why this conversation needed to happen. Who’s side are you on?

Michaël van de Poppe

189,362 views • 1 month ago

I asked the CEO of one of the world's largest exchanges the question every crypto holder has after FTX: how do I know my money is actually there? Star Xu (Star_OKX) founded OKX. At some point he was running an exchange holding enormous amounts of customer money while people kept coming to him with ways to earn yield on it. His answer was no. Every time. That decision, boring, unprofitable, repeated for years, is why OKX is still here and FTX isn't. And it's why his rule is the one this industry should tattoo on its forehead: don't believe, don't trust, verify. We cover: - What it's actually like holding customer billions when everyone around you is "earning yield" on theirs - Why OKX publishes proof of reserves every single month - His honest read on October 10th, and why leveraged yield products carry far more risk than real stablecoins - How crypto survived every crisis and came out bigger, and why he thinks 2026-2036 dwarfs the last decade - Stablecoins, tokenized stocks and MiCA as the financial system of the young generation - His practical rules for trading safely - Why this cycle might change your life as there are so many innovations happening in the ecosystem. Timestamps: 00:00 - Intro 01:10 - #Bitcoin's Market Cycles 07:58 - The Future Of Finance 14:55 - Crypto Regulation 21:30 - Trust In Financial Services 23:39 - Trust Through Transparency 27:17 - How Exchanges Evolved 36:46 - How To Trade Safely 40:13 - Lessons From October 10th 48:11 - Why He's Optimistic

I asked the CEO of one of the world's largest exchanges the question every crypto holder has after FTX: how do I know my money is actually there? Star Xu (Star_OKX) founded OKX. At some point he was running an exchange holding enormous amounts of customer money while people kept coming to him with ways to earn yield on it. His answer was no. Every time. That decision, boring, unprofitable, repeated for years, is why OKX is still here and FTX isn't. And it's why his rule is the one this industry should tattoo on its forehead: don't believe, don't trust, verify. We cover: - What it's actually like holding customer billions when everyone around you is "earning yield" on theirs - Why OKX publishes proof of reserves every single month - His honest read on October 10th, and why leveraged yield products carry far more risk than real stablecoins - How crypto survived every crisis and came out bigger, and why he thinks 2026-2036 dwarfs the last decade - Stablecoins, tokenized stocks and MiCA as the financial system of the young generation - His practical rules for trading safely - Why this cycle might change your life as there are so many innovations happening in the ecosystem. Timestamps: 00:00 - Intro 01:10 - #Bitcoin's Market Cycles 07:58 - The Future Of Finance 14:55 - Crypto Regulation 21:30 - Trust In Financial Services 23:39 - Trust Through Transparency 27:17 - How Exchanges Evolved 36:46 - How To Trade Safely 40:13 - Lessons From October 10th 48:11 - Why He's Optimistic

Michaël van de Poppe

91,267 views • 19 days ago

"I haven't sold a single sat." Michael Saylor (Michael Saylor) is Executive Chairman of Strategy, the largest corporate holder of Bitcoin on earth. While crypto twitter blamed him for the correction over a 32-coin sale, he sat down with me in Prague and explained why Bitcoin is really lagging and why it has almost nothing to do with Bitcoin. "We bought 175,000 Bitcoin this year, which is like 20% of all the Bitcoin ever bought. We sold 32. 32 works out to be two basis points." We cover: - Why Bitcoin is lagging while the S&P prints all-time highs, the "massive AI black hole" pulling capital out of crypto - Why he thinks the money rotates back by Q4 - The 32-BTC sale, the scapegoat dynamic, and why he hasn't sold a sat of his own - Why a 50% drawdown is normal, the 2022 one was 75% - The Apple and Amazon adoption curve, and the "Warren Buffett moment" he says is still coming - What actually happens to Strategy if Bitcoin stalls for 40 years - Why he believes being irrelevant is the only thing worse than being hated Thanks to Michael for coming on New Era Finance Podcast. Highlights: 00:00 - Intro 00:25 - Bitcoin Is Now Digital Capital 03:30 - Digital Credit, Invented In 12 Months 07:40 - Why Bitcoin Is Lagging The Market 12:15 - The Apple & Amazon Comparison 18:30 - Did Saylor Sell His Bitcoin? 21:00 - We Bought 175,000. We Sold 32. 25:00 - Defending The Credit & The Equity 29:30 - What If Bitcoin Stalls For 40 Years? 33:00 - The Warren Buffett Moment Is Coming 37:00 - Being Hated vs Being Irrelevant

"I haven't sold a single sat." Michael Saylor (Michael Saylor) is Executive Chairman of Strategy, the largest corporate holder of Bitcoin on earth. While crypto twitter blamed him for the correction over a 32-coin sale, he sat down with me in Prague and explained why Bitcoin is really lagging and why it has almost nothing to do with Bitcoin. "We bought 175,000 Bitcoin this year, which is like 20% of all the Bitcoin ever bought. We sold 32. 32 works out to be two basis points." We cover: - Why Bitcoin is lagging while the S&P prints all-time highs, the "massive AI black hole" pulling capital out of crypto - Why he thinks the money rotates back by Q4 - The 32-BTC sale, the scapegoat dynamic, and why he hasn't sold a sat of his own - Why a 50% drawdown is normal, the 2022 one was 75% - The Apple and Amazon adoption curve, and the "Warren Buffett moment" he says is still coming - What actually happens to Strategy if Bitcoin stalls for 40 years - Why he believes being irrelevant is the only thing worse than being hated Thanks to Michael for coming on New Era Finance Podcast. Highlights: 00:00 - Intro 00:25 - Bitcoin Is Now Digital Capital 03:30 - Digital Credit, Invented In 12 Months 07:40 - Why Bitcoin Is Lagging The Market 12:15 - The Apple & Amazon Comparison 18:30 - Did Saylor Sell His Bitcoin? 21:00 - We Bought 175,000. We Sold 32. 25:00 - Defending The Credit & The Equity 29:30 - What If Bitcoin Stalls For 40 Years? 33:00 - The Warren Buffett Moment Is Coming 37:00 - Being Hated vs Being Irrelevant

Michaël van de Poppe

531,100 views • 3 months ago

Edward Dowd thinks the AI bubble isn't about to burst. He thinks it already started, and most people are watching the wrong indicators. We recorded the evening NVIDIA reported earnings. He'd already moved on to what comes after. Ed ran money on Wall Street at BlackRock. His argument is mechanical, not emotional: "Because we've delayed the reckoning, there's that much more leverage in the system. The unwind will be faster than it was in the dot-com bubble." Every crisis we postponed added leverage. Now it all unwinds at once, and faster than 2000. We cover: - The three cracks he's watching: the semiconductor sell-off, the slowdown in AI adoption, and credit markets showing stress for the first time - Why OpenAI and Anthropic's valuations need to keep rising just to keep financing themselves - Why the power grid, not capital, may be the real ceiling on the AI build-out - Why he says the average American is already in a recession that just hasn't been declared - What he'd actually own right now Thanks to OKX for being the sponsor of today’s show. Make sure to use the 8% deposit bonus while you still can. Timestamps: 00:40 - Why The Bubble Is Already Bursting 03:09 - Bitcoin's Next Move 05:49 - When Policy Hits Crypto 09:09 - The Oil Signal Nobody's Watching 11:53 - The Reckoning We Delayed 15:05 - Cracks In Private Credit 18:04 - Echoes Of 1929 29:49 - How Empires End 31:52 - The Real Estate Time Bomb 33:09 - The Housing Domino 36:51 - China's Slow-Motion Crisis 42:49 - What He'd Own Right Now 47:25 - Where Gold Goes From Here 52:30 - Cash vs Inflation: The Real Trade-Off 56:26 - Sizing Up The Trade Edward Dowd

Edward Dowd thinks the AI bubble isn't about to burst. He thinks it already started, and most people are watching the wrong indicators. We recorded the evening NVIDIA reported earnings. He'd already moved on to what comes after. Ed ran money on Wall Street at BlackRock. His argument is mechanical, not emotional: "Because we've delayed the reckoning, there's that much more leverage in the system. The unwind will be faster than it was in the dot-com bubble." Every crisis we postponed added leverage. Now it all unwinds at once, and faster than 2000. We cover: - The three cracks he's watching: the semiconductor sell-off, the slowdown in AI adoption, and credit markets showing stress for the first time - Why OpenAI and Anthropic's valuations need to keep rising just to keep financing themselves - Why the power grid, not capital, may be the real ceiling on the AI build-out - Why he says the average American is already in a recession that just hasn't been declared - What he'd actually own right now Thanks to OKX for being the sponsor of today’s show. Make sure to use the 8% deposit bonus while you still can. Timestamps: 00:40 - Why The Bubble Is Already Bursting 03:09 - Bitcoin's Next Move 05:49 - When Policy Hits Crypto 09:09 - The Oil Signal Nobody's Watching 11:53 - The Reckoning We Delayed 15:05 - Cracks In Private Credit 18:04 - Echoes Of 1929 29:49 - How Empires End 31:52 - The Real Estate Time Bomb 33:09 - The Housing Domino 36:51 - China's Slow-Motion Crisis 42:49 - What He'd Own Right Now 47:25 - Where Gold Goes From Here 52:30 - Cash vs Inflation: The Real Trade-Off 56:26 - Sizing Up The Trade Edward Dowd

Michaël van de Poppe

222,823 views • 1 month ago

"They are not going to be able to raise rates." Jordi Visser (Jordi Visser) ran capital at Weiss Multi-Strategy Advisers as CIO. 30 years on Wall Street. Built one of the first volatility-arbitrage frameworks for systematic hedge funds. Managed billions through three crises, never had a thesis-driven blow-up year. "Interest payments on US debt are now bigger than what we spend on defense. Over a trillion dollars a year. This is what Bitcoin was made for." We cover: — Why the Fed is mathematically trapped and how the trillion-dollar interest math forces every policy decision from here — Why "bubble talk" is intellectually lazy: PE goes UP in bubbles, not down, and right now PE is contracting while earnings grow 27% — The AI-agents-eat-tokens thesis: why agentic AI doesn't care about dollars and what that means for compute-backed assets — Why belief is harder than fundamentals: fundamentals come and go, belief systems don't, and which belief is breaking in 2026 — The Bitcoin call no other macro guy on Wall Street will make publicly: new all-time highs before year-end — Why most hedge funds will underperform Bitcoin this cycle and the structural reason it has nothing to do with crypto — The single chart that made Jordi go from skeptic to allocator and why it hasn't reversed — What the 2020-2026 monetary regime actually was, named correctly for the first time Thanks to Jordi for coming on New Era Finance Podcast. Highlights: 00:00 - Intro 00:42 - Bitcoin Lagging 03:16 - AI Investment 07:14 - Price vs Narrative 12:15 - Market Dynamics 21:28 - AI Trading 25:24 - AI Democratizes Wealth 36:26 - Crypto Transition 39:40 - Elliott Waves 44:08 - Banana Zone 49:37 - Fundamentals vs Technicals 55:14 - Ethereum Future

"They are not going to be able to raise rates." Jordi Visser (Jordi Visser) ran capital at Weiss Multi-Strategy Advisers as CIO. 30 years on Wall Street. Built one of the first volatility-arbitrage frameworks for systematic hedge funds. Managed billions through three crises, never had a thesis-driven blow-up year. "Interest payments on US debt are now bigger than what we spend on defense. Over a trillion dollars a year. This is what Bitcoin was made for." We cover: — Why the Fed is mathematically trapped and how the trillion-dollar interest math forces every policy decision from here — Why "bubble talk" is intellectually lazy: PE goes UP in bubbles, not down, and right now PE is contracting while earnings grow 27% — The AI-agents-eat-tokens thesis: why agentic AI doesn't care about dollars and what that means for compute-backed assets — Why belief is harder than fundamentals: fundamentals come and go, belief systems don't, and which belief is breaking in 2026 — The Bitcoin call no other macro guy on Wall Street will make publicly: new all-time highs before year-end — Why most hedge funds will underperform Bitcoin this cycle and the structural reason it has nothing to do with crypto — The single chart that made Jordi go from skeptic to allocator and why it hasn't reversed — What the 2020-2026 monetary regime actually was, named correctly for the first time Thanks to Jordi for coming on New Era Finance Podcast. Highlights: 00:00 - Intro 00:42 - Bitcoin Lagging 03:16 - AI Investment 07:14 - Price vs Narrative 12:15 - Market Dynamics 21:28 - AI Trading 25:24 - AI Democratizes Wealth 36:26 - Crypto Transition 39:40 - Elliott Waves 44:08 - Banana Zone 49:37 - Fundamentals vs Technicals 55:14 - Ethereum Future

Michaël van de Poppe

651,475 views • 5 months ago

$Six months ago Ethereum was almost $5,000. Today it's under $2,000. When I put that to Tom Lee in Paris, his response was: "Has anything really changed?" Tom Lee (Thomas (Tom) Lee (not drummer) FundstratDirect.com) is one of Wall Street's most-followed forecasters. While the market wrote Ethereum off, he made the case to me that it's one of the most mispriced assets in the world right now. His framing stuck with me. Gold is worth ~$22 trillion. The stock market over $100 trillion. Real estate ~$300 trillion. And to make those assets composable and move them on-chain, he argues, you run them on Ethereum, which sits at a fraction of that. "If Ethereum is at 300 billion, it's grossly undervalued." We cover: - Why he calls this "crypto spring", fundamentals stronger than ever while price lags - Why tokenization is "not even a question," and what happens when Wall Street actually moves on-chain - Why AI agents carrying wallets and making payments is, in his words, "pretty close to 100%" within three years - Why he can see Ethereum as a 1, 2, or even $5 trillion network "in the next few years" - What most investors are missing at exactly the wrong moment That's his call, not mine, but it's one of the clearest bull cases I've heard on why the biggest move may still be ahead. Full conversation is live. 👇 Is Ethereum the most undervalued asset in crypto right now?$

Six months ago Ethereum was almost $5,000. Today it's under $2,000. When I put that to Tom Lee in Paris, his response was: "Has anything really changed?" Tom Lee (Thomas (Tom) Lee (not drummer) FundstratDirect.com) is one of Wall Street's most-followed forecasters. While the market wrote Ethereum off, he made the case to me that it's one of the most mispriced assets in the world right now. His framing stuck with me. Gold is worth ~$22 trillion. The stock market over $100 trillion. Real estate ~$300 trillion. And to make those assets composable and move them on-chain, he argues, you run them on Ethereum, which sits at a fraction of that. "If Ethereum is at 300 billion, it's grossly undervalued." We cover: - Why he calls this "crypto spring", fundamentals stronger than ever while price lags - Why tokenization is "not even a question," and what happens when Wall Street actually moves on-chain - Why AI agents carrying wallets and making payments is, in his words, "pretty close to 100%" within three years - Why he can see Ethereum as a 1, 2, or even $5 trillion network "in the next few years" - What most investors are missing at exactly the wrong moment That's his call, not mine, but it's one of the clearest bull cases I've heard on why the biggest move may still be ahead. Full conversation is live. 👇 Is Ethereum the most undervalued asset in crypto right now?

Michaël van de Poppe

447,605 views • 3 months ago

My Top #Altcoin Picks for October The portfolio just crossed $180,000 and it's ready for another leg up, but only if I'm positioned right. Here's exactly what I'm holding going into October and the thinking behind each position. The setup #Bitcoin made a new higher high, the signal that we're turning from bear into bull. $ARB (+270% off a divergence that built the whole of 2026) and $SUI breaking out are the confirmation: price moved first, the narrative is only now waking up. That's the backdrop for how I'm positioned. The book $NEAR, Still core, but I see the short-term upside as capped after the run from $1.20–1.80 to $4+. I'm not chasing it here; I'd rather take profit into strength and look to buy back in a correction. It's the bridge asset to the ZEC strength, so I'm not exiting the thesis, just the froth. $EIGEN, Added end of August. The entire $ETH narrative hasn´t shown strength and on top of that, this one is accumulating for more than nine months in an accumulation range. $TAO, Long-held conviction position. One of the strongest narratives in the space is the AI narrative. $NEAR did great, $VVV did great, matter of time until $TAO picks up momentum too. $PLUME, Newest addition. Similar reasoning as why I’m holding $ONDO. The RWA narrative is about to break fiercely. $W (Wormhole), My bet on the $SOL ecosystem that’s now in the corners of ‘pain’. Cash, Deliberately building a cash position. The goal this month isn't to be fully deployed, it's to have dry powder ready for the harsh corrections that always come in runs like this. The strategy from here Compound the returns, lock profit on the way up, and keep enough cash to buy the corrections instead of getting caught in them. Rotation over conviction-holding when the upside caps out. This is my actual portfolio, not a watchlist.

My Top #Altcoin Picks for October The portfolio just crossed $180,000 and it's ready for another leg up, but only if I'm positioned right. Here's exactly what I'm holding going into October and the thinking behind each position. The setup #Bitcoin made a new higher high, the signal that we're turning from bear into bull. $ARB (+270% off a divergence that built the whole of 2026) and $SUI breaking out are the confirmation: price moved first, the narrative is only now waking up. That's the backdrop for how I'm positioned. The book $NEAR, Still core, but I see the short-term upside as capped after the run from $1.20–1.80 to $4+. I'm not chasing it here; I'd rather take profit into strength and look to buy back in a correction. It's the bridge asset to the ZEC strength, so I'm not exiting the thesis, just the froth. $EIGEN, Added end of August. The entire $ETH narrative hasn´t shown strength and on top of that, this one is accumulating for more than nine months in an accumulation range. $TAO, Long-held conviction position. One of the strongest narratives in the space is the AI narrative. $NEAR did great, $VVV did great, matter of time until $TAO picks up momentum too. $PLUME, Newest addition. Similar reasoning as why I’m holding $ONDO. The RWA narrative is about to break fiercely. $W (Wormhole), My bet on the $SOL ecosystem that’s now in the corners of ‘pain’. Cash, Deliberately building a cash position. The goal this month isn't to be fully deployed, it's to have dry powder ready for the harsh corrections that always come in runs like this. The strategy from here Compound the returns, lock profit on the way up, and keep enough cash to buy the corrections instead of getting caught in them. Rotation over conviction-holding when the upside caps out. This is my actual portfolio, not a watchlist.

Michaël van de Poppe

73,487 views • 20 days ago

This has been a fascinating conversation with Matthew Mežinskis. I love data. I look at data for all the investment decisions that I make, and that’s why I wanted to talk with him about the Power Law. What’s the actual valuation of #Bitcoin? Where are we in the cycle? His model predicts Bitcoin’s price could reach $1.1 million by 2033. Fascinating. Matthew Mezinskis built the model. He's the macro researcher behind the #Bitcoin Power Law model, and his claim isn't that Bitcoin will moon someday, it's that Bitcoin follows a mathematical growth curve, has for its entire life, and is currently trading at about half of where that curve says it should be. His summary of the math: "Let's go out about eight years. We should be at a million dollars per Bitcoin." The mechanics are almost absurdly simple. Every 13% increase in Bitcoin's lifespan doubles the price. That compounds into roughly a 10x every eight years. No halving cycles, no narratives, no adoption guesses, just time and a curve that's held for over a decade while skeptics called it broken. We cover: - The power law explained: why price scales with time, not hype - Why he says the current price sits at half of fair value on the curve - Power law vs stock-to-flow: why the exponential models failed and this one didn't - What a decade of data says about the curve holding - Bitcoin vs gold, and where this ends if the math keeps working Thanks for OKX for being the sponsor of todays episode! Timestamps: 00:00 - Introductio 01:10 - Bitcoin's Recent Moves 04:06 - Bitcoin's Cycles 07:21 - Bitcoin vs Traditional Assets 10:57 - The Power Law Explained 11:23 - Bitcoin vs Gold 21:16 - Power Law vs Stock-to-Flow 34:56 - The Power Law In Pricing 46:48 - What History Tells Us 51:07 - Bitcoin's Market Position 01:00:26 - Bitcoin's Global Role

This has been a fascinating conversation with Matthew Mežinskis. I love data. I look at data for all the investment decisions that I make, and that’s why I wanted to talk with him about the Power Law. What’s the actual valuation of #Bitcoin? Where are we in the cycle? His model predicts Bitcoin’s price could reach $1.1 million by 2033. Fascinating. Matthew Mezinskis built the model. He's the macro researcher behind the #Bitcoin Power Law model, and his claim isn't that Bitcoin will moon someday, it's that Bitcoin follows a mathematical growth curve, has for its entire life, and is currently trading at about half of where that curve says it should be. His summary of the math: "Let's go out about eight years. We should be at a million dollars per Bitcoin." The mechanics are almost absurdly simple. Every 13% increase in Bitcoin's lifespan doubles the price. That compounds into roughly a 10x every eight years. No halving cycles, no narratives, no adoption guesses, just time and a curve that's held for over a decade while skeptics called it broken. We cover: - The power law explained: why price scales with time, not hype - Why he says the current price sits at half of fair value on the curve - Power law vs stock-to-flow: why the exponential models failed and this one didn't - What a decade of data says about the curve holding - Bitcoin vs gold, and where this ends if the math keeps working Thanks for OKX for being the sponsor of todays episode! Timestamps: 00:00 - Introductio 01:10 - Bitcoin's Recent Moves 04:06 - Bitcoin's Cycles 07:21 - Bitcoin vs Traditional Assets 10:57 - The Power Law Explained 11:23 - Bitcoin vs Gold 21:16 - Power Law vs Stock-to-Flow 34:56 - The Power Law In Pricing 46:48 - What History Tells Us 51:07 - Bitcoin's Market Position 01:00:26 - Bitcoin's Global Role

Michaël van de Poppe

158,877 views • 1 month ago

"The biggest mistake is people thinking Goldman Sachs and Morgan Stanley have the answers. They don't." Jordi Visser (Jordi Visser) on the AI edge nobody is using. His method: "Every time Jensen Huang gives an interview, I take the YouTube transcript. I drop it in a folder on my computer." "Only thing in that folder: every Jensen Huang interview this year." "Then I go to Claude, hit co-work, connect the folder, and ask: which names has he basically told me to buy?" "You'll be shocked. You're getting seven-baggers all over the place." Translation: the alpha is no longer in proprietary data. It's public. The edge is using AI to process it faster than the analysts who got paid to read it. What other transcripts are you not putting through an LLM yet?

"The biggest mistake is people thinking Goldman Sachs and Morgan Stanley have the answers. They don't." Jordi Visser (Jordi Visser) on the AI edge nobody is using. His method: "Every time Jensen Huang gives an interview, I take the YouTube transcript. I drop it in a folder on my computer." "Only thing in that folder: every Jensen Huang interview this year." "Then I go to Claude, hit co-work, connect the folder, and ask: which names has he basically told me to buy?" "You'll be shocked. You're getting seven-baggers all over the place." Translation: the alpha is no longer in proprietary data. It's public. The edge is using AI to process it faster than the analysts who got paid to read it. What other transcripts are you not putting through an LLM yet?

Michaël van de Poppe

391,521 views • 5 months ago