What's Next For BTC, Crypto's Biggest Innovation & Picking Winners In 2025

Watch on YouTube ↗  |  June 02, 2025 at 21:01  |  56:20  |  1000x Podcast
Speakers
Avi Felman — Principal, GoldenTree Asset Management
Jonah Van Bourg — Head of Trading, Cumberland / ex-Vitol

Summary

The hosts discuss BTC holding above $100k after a pullback from $112k, the leverage unwind in crypto, and whether the market needs a deeper flush before altcoins outperform. They debate the role of perpetual futures as crypto's biggest innovation and how US legalization could benefit Hyperliquid and crypto platforms. Macro focus includes the Russia-Ukraine drone attack, gold's strong uptrend, oil's reaction, and the hosts' views on buying crypto dips and rotating into gold.

  • BTC remains above $100k but is making lower daily highs and leverage has flushed.
  • Avi is short-term cautious and avoids levered longs; Jonah is medium-term bullish and expects $120k-$150k.
  • Both see a possible BTC flush to roughly $97k as a setup to buy altcoins.
  • Avi favors scaling into altcoins now, especially Syrup and Hyperliquid.
  • Jonah is gigabullish gold on geopolitics and the multipolar world.
  • Perpetual futures are framed as a major financial innovation, with US legalization a key catalyst.
  • Geopolitical risk from the Ukraine drone attack lifted gold and oil, while the S&P was flat.
  • Leverage analysis focuses on open interest relative to price and funding-rate spikes.
Ideas
Avi Felman Principal, GoldenTree Asset Management 1:22
BTC short-term caution on lower highs.
Avi is more nervous short term because BTC has been making lower daily highs since May 23 and this type of move often signals the end of a run. He sees a real breakdown risk if BTC loses $100k and thinks a breather back toward $93k is possible, so he is not taking any levered longs right now.
BTC HIGH
Jonah Van Bourg Head of Trading, Cumberland / ex-Vitol 2:48
Buy crypto now, BTC to 120-150.
Jonah remains medium-term bullish on BTC: the setup and fundamentals are strong, he expects a push to $120k-$150k, does not think the market breaks below $100k, views the leverage unwind from $112k to $104k as a healthy equilibrium, and argues BTC should be bought on geopolitical panic dips because governments will ease financial conditions in response. He is excited to buy crypto at current prices and thinks volatility will fade while long-term fundamentals improve.
BTC HIGH
Avi Felman Principal, GoldenTree Asset Management 11:35
Syrup can 10x on TVL growth.
Avi flags Syrup as a top performer bouncing off lows and believes it can be a 10x over the next 7-10 months as long as TVL keeps growing. He says the team is raking in fees and the key catalyst to watch is TradFi integrations.
SYRUP HIGH
Avi Felman Principal, GoldenTree Asset Management 11:43
Scale into altcoins for near-term outperformance.
Avi thinks the current post-Bitcoin pullback is a reasonable time to scale into altcoins, especially ones that sold off but still have traction, because they have not run as much as they could and should outperform over the next 3-6 months unless BTC collapses back into the $80k range.
ALTCOINS HIGH
Avi Felman Principal, GoldenTree Asset Management 12:15
Hyperliquid benefits from US perps legalization.
Avi is bullish on Hyperliquid because perps becoming legal in the U.S. would open it to U.S. users and feed trading fees and volume into its buyback flywheel. Additional chain integrations like Solana or Base would bring more users, and if TradFi begins trading equity and interest-rate perps on Hyperliquid, its valuation could be enormous. He is excited the token is down so he can buy more.
HYPE HIGH
Jonah Van Bourg Head of Trading, Cumberland / ex-Vitol 36:11
Gold mega trend intact, stay long.
Jonah is gigabullish on gold, has bought back exposure and sold equities to fund it, and thinks the mega trend is intact with an up-only chart since October 2023. Geopolitical risk and a multipolar world should force countries to stockpile gold, and he expects the trend to continue.
GLD HIGH
Jonah Van Bourg Head of Trading, Cumberland / ex-Vitol 49:17
Buy altcoins after leverage flush.
Jonah's rule is not to buy until excessive leverage and open interest flush out. If BTC trades down to about $97k and open interest has come off substantially, he plans to buy a ton of altcoins, viewing that as the clean setup for the next move.
ALTCOINS HIGH
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This 1000x Podcast video, published June 02, 2025, features Avi Felman, Jonah Van Bourg discussing BTC, SYRUP, ALTCOINS, HYPE, GLD. 7 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Avi Felman, Jonah Van Bourg  · Tickers: BTC, SYRUP, ALTCOINS, HYPE, GLD