Ideas
Bitcoin is fastest horse on dollar debasement.
Bitcoin is the fastest horse over the next six months because the dollar is being trashed and there is active global diversification out of US dollars; gold is huge, so even a small reallocation into Bitcoin could produce reflexive, powerful upside.
Dollar dominance declines as reserve status weakens.
The Trump administration's shift from Pax Americana to America First replaces multilateral rule setting with bilateral negotiations; the dollar doesn't collapse but reserve-currency dominance declines as the dollar becomes a choice, making the US just another powerful country.
Treasuries lose risk-free status; bear steepener.
US Treasuries are being repriced as not truly risk-free because the US is just another country; lenders will demand more term premium, producing a bear steepener with rates rising especially at the long end.
Buy gold, Bitcoin as policy insurance.
Gold is doing well because its role is insurance against central bank and government policy error, and Bitcoin has a similar credible insurance narrative; with many bilateral negotiations raising the chance of mistakes, he wants to buy as much insurance as possible.
Buy gold, Bitcoin as policy insurance.
Gold is doing well because its role is insurance against central bank and government policy error, and Bitcoin has a similar credible insurance narrative; with many bilateral negotiations raising the chance of mistakes, he wants to buy as much insurance as possible.
Gold keeps rising on Treasury diversification.
Gold should keep grinding higher as investors buy gold and diversify away from Treasuries.
Bitcoin dominance rises over weak altcoins.
Bitcoin dominance should keep rising because the rest of crypto still lacks use cases beyond gambling/payments and many altcoins face inflation and large unlocks; ETH looks especially rough.
Bitcoin wins as non-sovereign multipolar money.
Bitcoin is decentralized, math-based, non-sovereign money that can perforate trade barriers in a multipolar world; it showed relative strength versus equities during the tariff shock and could attract flows if it proves to be a hedge.
Buy S&P dips; stimulus regime persists.
The post-GFC regime where central banks underwrite private-sector risk remains intact; politicians lack the mandate to let the economy take the full medicine, so he stays directionally long, buys dips, and rides momentum rallies in the S&P 500 plus select single names.
Ethereum misses rebound; institutions prefer Bitcoin.
Ethereum will not participate in the crypto rebound because institutions are now Bitcoin maximalists and the last decade taught investors to stay away from altcoins.
Dollar debases to zero; avoid USD.
The dollar is on a one-way train to zero since Nixon ended the gold standard; all fiat currencies debase, so he does not believe in the dollar and prefers Bitcoin and productive risk assets.
Hyperliquid buybacks make HYPE tokenized equity.
Hyperliquid is tokenized equity in a real business; 97% of fee income goes to HYPE buybacks, it generates ten-figure revenue, has on-chain proof of reserves, and offers public exposure to a crypto exchange business unlike private Binance/Bybit/OKX; he bought HYPE around $12.
Short altcoins; most memecoins go zero.
Most altcoins are memecoins with no equity claim on the underlying project and many face inflation or unlocks; memecoins are dead and most tokens head to zero, so shorting altcoins has been the easy trade, while only cash-flow assets like HYPE are exceptions.
ETH likely crushed in this regime.
He is stuck with some ETH because it is hard to sell down here, but he thinks ETH gets absolutely crushed in this regime.
Stocks win votes; US stocks fine.
US stocks will do fine because the political system is designed so stocks win votes, especially with 401k exposure; the Trump administration miscalculated how much people care, but stocks should still perform, just perhaps less sharply than recent years, while faster horses may exist.
This Steady Lads Podcast video, published April 11, 2025,
features Jordi Alexander, Ben Hunt, Jonah Van Bourg, Justin Bram
discussing BTC, USD, TLT, GLD, ALTCOINS, SPY, ETH, HYPE, MEMECOINS.
15 trade ideas extracted by AI with direction and confidence scoring.
Speakers:
Jordi Alexander,
Ben Hunt,
Jonah Van Bourg,
Justin Bram
· Tickers:
BTC,
USD,
TLT,
GLD,
ALTCOINS,
SPY,
ETH,
HYPE,
MEMECOINS
