Is This The End Of Crypto?

Watch on YouTube ↗  |  May 29, 2026 at 20:59  |  1:05:19  |  1000x Podcast
Speakers
Jonah Van Bourg — Head of Trading, Cumberland / ex-Vitol
Avi Felman — Principal, GoldenTree Asset Management

Summary

Jonah and Avi debate the end of crypto as an asset class, highlighting Michael Saylor's unsustainable Bitcoin position and the K-shaped recovery favoring revenue-generating tokens like Hyperliquid. They discuss the AI memory supercycle, warning that OpenAI/Anthropic IPOs may mark its top, and analyze the Iran deal's potential to crash oil prices and boost risk markets.

  • Jonah reduces Bitcoin exposure due to Saylor's 'eggman' risk and plans to rebuy at lower levels.
  • Hyperliquid is highlighted as a revenue-generating crypto that has outperformed and may still have upside.
  • Avi recommends rotating Zcash gains into Monero on a relative-value basis.
  • Robinhood is breaking away from crypto dependence and is a long opportunity.
  • Palantir and Illumina are narrative-driven momentum plays in the current market.
  • The memory supercycle is driven by a severe DRAM shortage, benefiting Micron, SK Hynix, and Samsung.
  • OpenAI and Anthropic IPOs are expected to be a top signal for memory stocks.
  • A real Iran deal could push oil to $50 and lower inflation, supporting a risk-on rally.
Trade Ideas
Jonah Van Bourg Head of Trading, Cumberland / ex-Vitol 3:13
Sell Bitcoin now, buy later lower.
Michael Saylor is the only remaining buyer of Bitcoin, his position is unsustainable and reminiscent of the 'eggman' analogy, and the market is illiquid. Bitcoin's underperformance and lack of catalysts justify reducing exposure now, with plans to rebuy at lower levels after Saylor's position blows up.
BTC HIGH
Avi Felman Principal, GoldenTree Asset Management 14:26
Hyperliquid token long to 150.
Hyperliquid has product-market fit, is printing cash and growing revenue. The market inefficiency was obvious, and the token can still go to 150 by year-end given institutional interest (e.g., ICE CEO taking it seriously).
HYPE HIGH
Avi Felman Principal, GoldenTree Asset Management 19:20
Rotate Zcash gains into Monero.
Zcash has been rallying on the privacy/uncensorable-currency thesis, but Monero is the actually-used asset that has lagged. Rotate gains from Zcash into Monero for relative outperformance.
XMR MED
Avi Felman Principal, GoldenTree Asset Management 19:20
Rotate Zcash gains into Monero.
Zcash has been rallying on the privacy/uncensorable-currency thesis, but Monero is the actually-used asset that has lagged. Rotate gains from Zcash into Monero for relative outperformance.
ZEC MED
Avi Felman Principal, GoldenTree Asset Management 28:21
Robinhood long on diversification.
Robinhood is breaking away from its cryptocurrency revenue dependence through AI agent integration, Trump accounts, and other business lines. Wall Street underestimates this shift, creating a buying opportunity in the stock.
HOOD HIGH
Avi Felman Principal, GoldenTree Asset Management 34:34
Illumina long as narrative momentum.
Illumina rallied 22% purely on retail narrative because it was named as a stock on the Trump China trip. This speculative momentum trade can still work in the current market environment.
ILMN LOW
Avi Felman Principal, GoldenTree Asset Management 35:53
Palantir long on AI-defense narrative.
Palantir has not yet rallied from its October highs but is an AI-defense stock in a hot sector. It is a narrative play that should run to 200 based on market momentum.
PLTR MED
Avi Felman Principal, GoldenTree Asset Management 43:52
Long memory stocks on supercycle.
The memory supercycle is driven by a severe DRAM supply-demand gap (Goldman: most severe in 15 years). Contract prices surged 95% and could rise 130% by end of 2026. Micron, SK Hynix, and Samsung are direct beneficiaries.
MU 005930.KS 000660.KS HIGH
Jonah Van Bourg Head of Trading, Cumberland / ex-Vitol 57:39
Short oil on Iran deal.
If a real Iran deal is struck and the Strait of Hormuz reopens, the massive floating oil storage will hit the market, pushing oil prices to $50. Lower oil means lower inflation and a risk-on rally.
WTI HIGH
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This 1000x Podcast video, published May 29, 2026, features Jonah Van Bourg, Avi Felman discussing BTC, HYPE, XMR, ZEC, HOOD, ILMN, PLTR, MU, 005930.KS, 000660.KS, WTI. 9 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Jonah Van Bourg, Avi Felman  · Tickers: BTC, HYPE, XMR, ZEC, HOOD, ILMN, PLTR, MU, 005930.KS, 000660.KS, WTI