Bitcoin Breaks $100k, Are We So Back?

Watch on YouTube ↗  |  May 13, 2025 at 18:15  |  44:52  |  1000x Podcast
Speakers
Avi Felman — Principal, GoldenTree Asset Management
Jonah Van Bourg — Head of Trading, Cumberland / ex-Vitol

Summary

The hosts discuss Bitcoin breaking $100k and a sharp crypto rally driven by a short squeeze, especially in ETH/BTC. They debate whether an alt season has begun, favor RWA and real-revenue crypto names like Maple/Pendle/Curve, and warn on ETH, Worldcoin, and eventual AI-coin shorts. They also cover macro: bullish equities/deregulation, Bitcoin's near-term path, and Jonah's decoupling/open-interest concern.

  • Bitcoin pushed above $100k and ETH/BTC squeezed sharply, catching offside shorts.
  • Hosts prefer waiting for the squeeze to fade before shorting ETH/BTC.
  • Alt season debate focuses on Solana, Hyperliquid, AI coins, and RWA assets.
  • Maple Finance is highlighted as a real-revenue, low-P/E crypto business.
  • Worldcoin and AI momentum coins are seen as eventual shorts after momentum breaks.
  • Tao is viewed as a short-term trade by Avi but avoided as a long-term investment by Jonah.
  • Macro: Avi is bullish on US equities and Bitcoin to $125k-$150k; Jonah flags crowded BTC longs and decoupling risk.
Ideas
Avi Felman Principal, GoldenTree Asset Management 23:30
AI coins are eventual shorts; wait.
Avi treats AI coins like AI16Z and AIXBT as momentum and beta trades, not long-term holds; he would exit if they drop sharply in a day. He expects them to be phenomenal shorts at some point, and the trigger he wants to watch is a break below shorter-term moving averages.
AI-SECTOR AI16Z AIXBT MED
Jonah Van Bourg Head of Trading, Cumberland / ex-Vitol 41:47
Bitcoin decouples down on crowded longs.
Jonah's hot take is that macro can go up while Bitcoin comes down. He is worried by the amount of new open interest and levered longs building in Bitcoin and does not like that setup.
BTC MED
Avi Felman Principal, GoldenTree Asset Management 42:06
Bitcoin to $125k-$150k near term.
Avi thinks Bitcoin is more likely than not to rip toward $125k-$150k near term. The stock market should propel it higher, news is only getting better on the second derivative, and deregulatory measures, potentially including eliminating capital gains taxes, are coming.
BTC MED
Avi Felman Principal, GoldenTree Asset Management 42:30
US equities pump on deregulation, deals.
Avi is bullish on the US stock market because he expects deal after deal, deregulatory measures, and possibly capital gains tax elimination; the second derivative of news is improving and he thinks stocks will pump.
SPY MED
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This 1000x Podcast video, published May 13, 2025, features Avi Felman, Jonah Van Bourg discussing AI-SECTOR, AI16Z, AIXBT, BTC, SPY. 4 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Avi Felman, Jonah Van Bourg  · Tickers: AI-SECTOR, AI16Z, AIXBT, BTC, SPY