Ansem - Never Been This Bullish & the Billion Dollar Wallet
Speakers
Thread Guy
— Crypto influencer, independent
Summary
In this interview, crypto trader Ansem explains why he has never been more bullish on crypto, citing fundamental improvements under the hood, mobile onboarding, and AI fueling a new wave of builders. He outlines a bottom-in thesis for majors like Bitcoin and Solana, shares specific long calls on HYPE, ETH, Pump, Apple, and MetaDAO, and discusses the death of the L1 era and the rise of onchain applications. Thread Guy adds his own bullish convictions on Pump, Zcash, and Hyperlid based on community resilience. The conversation covers macro cross-currents, the trader-as-celebrity phenomenon, and why blockchains resemble cities where speculation and real business must coexist.
- Ansem states he has never been this bullish on crypto, comparing current sentiment and building activity to the Solana bottom in late 2022
- He declares the L1 fundraising era is over; value will shift to real applications with onchain revenues
- Bitcoin is viewed as a digital gold uncorrelated to AI, with 58-60K as strong support held by stealth institutional buyers
- Solana is highlighted as the dominant L1 with a $600 target, mirroring its previous accumulation phase
- Ansem is long HYPE, ETH, Pump, Apple, and MetaDAO based on specific fundamental or technical catalysts
- Thread Guy is long Pump, Zcash, and Hyperlid because they have formed independent, self-sustaining communities
- The conversation emphasizes that speculation and memecoins are the natural onchain parallel to social media, not a departure from crypto's mission
- Both speakers agree the integration of trading into mobile apps and TikTok culture is onboarding a massive new retail demographic
Ideas
Bitcoin bottomed, digital gold, uncorrelated to AI.
He believes Bitcoin has bottomed and is the digital gold alternative uncorrelated to the AI trade. Strong support around 58-60K held despite selling from ETFs and MicroStrategy, implying real institutional accumulation. He expects major upside once momentum returns.
Solana similar to 2022 bottom, target $600
He's extremely bullish on Solana because the current environment resembles the late 2022 accumulation phase after FTX. The infrastructure has significantly improved, builders are excited, and when risk-on returns Solana will lead as the dominant L1. He targets a price of $600.
MetaDAO well-designed protocol for tokenizing startups.
He really likes MetaDAO because it is a well-designed launchpad protocol that solves the equity-token alignment problem via decision markets. He expects serious crypto startups to use it extensively.
Hyperlipid now major crypto alongside BTC.
He now considers Hyperliquid (HYPE) a major crypto alongside Bitcoin, Ethereum and Solana. It can be included in the 70% safer crypto allocation of a portfolio due to its strong position and community.
Pump reclaiming support, benefit from onchain speculation.
He is very bullish on the Pump Fun token because it recently reclaimed a big support level after ranging for nine months. The fundamentals show consistent revenue, and it will benefit massively when onchain speculation heats up.
Apple avoids AI spending, uses distribution advantage.
He likes Apple stock a lot because the company avoided the over-spending on expensive AI model distribution. Instead, it will leverage its massive installed base and focus on running the best open-source models locally on device, led by a hardware-centric new CEO.
Ethereum looks good now after bearishness.
After being bearish on Ethereum for a long time, he now says ETH looks good in the current spot. He sees it as a weird but favorable setup.
Zcash has separate community, will survive.
He believes Zcash has carved out its own separate community that will endure. The fact that Naval Ravikant is buying it gives confidence that it will survive no matter what happens in the broader market.
