Iran on Life Support, Saylor Breaks the Never-Sell Pledge
Speakers
Ram Ahluwalia
— CEO, Lumida Wealth
Austin Campbell
— Founder, Zero Knowledge Group; Co-host Bits+Bips (Unchained); Adj. Prof. NYU Stern
Chris Perkins
— President, CoinFund
Summary
The panel discusses the Iran conflict's impact on oil markets, expecting higher for longer prices. They analyze the AI-driven semiconductor rally, highlighting Micron as cheap. Other topics include Circle's ARC token sale institutionalizing crypto, Coinbase's layoffs and Q1 miss, and industry maturity concerns after a strip club afterparty.
- Iran ceasefire remains fragile; oil expected higher for longer.
- AI semiconductor rally dominates, with Micron singled out as still cheap at 8x P/E.
- Circle raises $222M via ARC token presale, seen as institutional legitimization.
- Coinbase announces 14% layoffs and Q1 earnings miss; debate on AI vs cyclicality.
- Consensus afterparty at strip club sparks debate on crypto industry maturity.
- Panel sees constructive macro for crypto but notes spot trading fee compression.
- South Korea and emerging markets rally despite elevated oil prices.
- Private AI labs bubble noted but public markets remain disciplined.
Ideas
Oil higher for longer due to conflict
Oil prices will stay moderately higher for longer because Iran's demands, regional opposition, and the US financial blockade create sustained supply pressure that markets have not fully priced in.
Micron cheap at 8x forward P/E
Micron (MU) is still cheap at an 8x forward P/E despite a 10x run, and the AI capex cycle is sustained by the most profitable companies, making the stock attractive.
Up Next
This Unchained (Chopping Block) video, published May 11, 2026, features Ram Ahluwalia discussing WTI, MU. 2 trade ideas extracted by AI with direction and confidence scoring.
Speakers: Ram Ahluwalia · Tickers: WTI, MU