Ideas
Gold and silver cycle highs likely.
Novogratz argues gold and silver may have already put in a cycle high, with silver's chart resembling historical bubbles like the Nasdaq and Nikkei; he would only buy silver tactically on oversold bounces, not for new highs.
Short US mega-caps, long international.
He says the trade that made sense was short US mega-cap equities and long the rest of the world, as flows move to undervalued international markets like Korea, Japan, and Europe.
Short US mega-caps, long international.
He says the trade that made sense was short US mega-cap equities and long the rest of the world, as flows move to undervalued international markets like Korea, Japan, and Europe.
Bitcoin low set, buying the dip.
He believes Bitcoin likely put in a low around $60K, has been buying recently, sees seller exhaustion, and expects new narratives from Fed cuts and market-structure legislation; old holders lack dry powder but new adoption can come.
Ethereum and Solana power tokenization.
He expects Wall Street and tokenization to bring crypto into wallets and says crypto activity will run on Ethereum or Solana blockchains, making them key infrastructure for the next wave.
Power/data-center capacity is scarce.
He calls power the scarce commodity and says hyperscalers like Microsoft, Nvidia, Amazon, and Google are racing to secure 2027-2030 power, making owned data-center capacity valuable.
Galaxy assets worth more than stock.
He says Galaxy's crypto and data-center assets are undervalued relative to the stock, with Morgan Stanley noting data-center assets worth double the market cap; he is considering breakup and structural options as data centers generate future free cash flow.
Own gold and Bitcoin together.
She says macro investors can own both gold and Bitcoin, and frames Bitcoin, stablecoins, and tokenization as the real long-term crypto stories even as broader crypto is overvalued and retail demand is absent.
Central banks drive gold demand.
She remains in the gold bull camp, citing central banks and countries diversifying reserves away from Treasuries toward gold, with marginal demand stacking gold and momentum building.
Silver and platinum follow gold.
She says once gold runs, silver and platinum tend to run with a lag, so the precious-metals bull market can broaden into those metals.
Broader crypto is structurally overvalued.
She is structurally bearish on the broader crypto space outside Bitcoin, arguing about $1 trillion of crypto market cap is overvalued and that altcoins and memecoins drag on the Bitcoin brand.
Adviser adoption drives Bitcoin higher.
He says advisers and family offices are holding or increasing Bitcoin allocations, moving from 2-5% to model-portfolio adoption, which could push annual flows toward $50B; Bitwise's long-term assumption is $1.3M Bitcoin by 2035.
Crypto index funds will attract advisers.
He expects crypto index funds to do very well because the marginal buyer, financial advisers, wants diversified exposure rather than tribal single-asset bets.
BITQ benefits from crypto equity growth.
He notes Bitwise's crypto equity ETF BITQ was up and that crypto equities have higher average revenue growth than almost any other industry, which is attracting adviser interest.
Own ETH, SOL, and tokenization stocks.
He says stablecoins and tokenization will be multi-trillion and hundreds-of-trillion-dollar markets, and investors should own both layer-1s and companies building the infrastructure rather than picking one winner; he explicitly names Ethereum, Solana, Circle, Figure, and Robinhood.
US equities set for productivity boom.
She argues the US will do very well from an investment standpoint over the next few years, with deregulation, tax cuts, and a productivity-driven boom outweighing recent market weakness.
Five innovation platforms ready to disrupt.
She says the five innovation platforms, AI, robotics, energy storage, blockchain, and multiomics, are now ready for prime time and will disrupt the existing world order, creating a productivity boom.
Bitcoin hedges inflation and deflation.
She says Bitcoin is a hedge against both inflation and deflation, and that counterparty risks in private credit and SaaS make Bitcoin's lack of counterparty risk attractive.
AI disruption threatens SaaS.
She says the selloff in the SaaS space has merit because AI is disrupting traditional software models and the traditional world will struggle to adjust to deflationary technology.
Private credit faces counterparty risk.
She warns that private equity and private credit have excesses and counterparty risk is beginning to surface, with First Brands and SaaS exposure as examples.
Tesla ready to break out.
She is bullish Tesla, saying the robo-taxi revolution is just beginning, Tesla has been in a long base, and the stock is getting ready to break out again before Elon considers combining companies.
AI destroys software moats.
He warns that software companies have no moat against AI, that this is not a temporary COVID-like panic, and that public software names face a long, difficult road as AI disrupts them.
Bitcoin is scarce growth asset.
He is long-term bullish Bitcoin because AI disruption will make software and public-company moats obsolete, and Bitcoin is the only scarce growth asset with a community and code-based moat; he expects rotation into Bitcoin once software bottoms.
Hyperscaler capex risks downside.
He says hyperscalers Meta, Microsoft, Amazon, and Google are spending $650B this year, and if AI revenues do not materialize their equities must fall; they are the line in the sand for the market.
Memory scarcity remains valuable.
He agrees that in a world of abundant intelligence and software, scarce physical inputs like memory are valuable, citing memory shortages as a key scarcity theme.
Bitcoin is superior digital gold.
She argues Bitcoin is digital gold that moves at the speed of light rather than the speed of matter, and younger generations will migrate toward it over time; self-custody also protects against counterparty risk.
BTC, ETH, SOL are institutional assets.
He says Bitcoin, and to some degree Ethereum and Solana, are now established institutional assets that must be considered in asset allocation models as liquidity and institutional adoption grow.
Bitcoin fundamentals remain strong.
He says Bitcoin's fundamentals are those of a scarce, decentralized, digitally native global monetary alternative, and its long-term adoption trajectory remains significant despite leverage-driven volatility.
IBIT has steady long-term holders.
He notes IBIT remains the largest ETF launch in history, with a long-term buy-and-hold investor base and only 0.2% redeemed during a tumultuous week, reinforcing the ETF as a steady Bitcoin access vehicle.
Own gold and Bitcoin long-term.
He says he owns both gold and Bitcoin, believes investors should own both, and expects both to be bullish over the medium term as the dollar weakens and debasement concerns persist.
Dollar likely keeps falling.
He expects the dollar to keep going down because Fed policy is too tight and rate cuts and debasement are likely, which he says will be bullish for gold and Bitcoin.
Accumulate Bitcoin with after-tax cash flow.
He advocates buying Bitcoin with after-tax cash flow and dollar-cost averaging, avoiding debt and forced selling; volatility should be harvested systematically, and dry powder loves dips.
Buy below-replacement-cost cash-flow real estate.
He is bullish income-producing real estate bought below replacement cost and with fixed debt; he focuses on cash flow, rent growth, and refinancing rather than selling, citing 47% average annual returns over nine years.
Convert cash flow into Bitcoin.
He says he owns just over 2,000 Bitcoin and continues to convert business and real-estate cash flow into Bitcoin, viewing it as a better store of value than cash and a way to pass wealth to the next generation.
Gold adds little versus real estate.
He says he would never buy gold because it is heavy and too similar to real estate, and he has never been offered gold for his products the way he has been offered Bitcoin.
AI buildout still early.
He argues we are in year three of an 8-10-year AI buildout and fourth industrial revolution, with $650-700B capex validating the cycle, and expects tech stocks to have another 20% up year.
Nvidia demand far exceeds supply.
He highlights that Nvidia chips are in a 12-to-1 supply/demand imbalance and that Nvidia is the one chip fueling the AI revolution, reinforcing his bullish US tech view.
AI ripple lifts S&P 500.
He says the AI ripple effect will spread to financials, healthcare, and industrials, so the S&P 500 could be up as much or more than tech as the cycle broadens.
Software selloff is generational opportunity.
He calls the software selloff a generational opportunity, saying Salesforce, ServiceNow, Oracle, Microsoft, and Workday will be the hearts and lungs of the AI revolution, not structurally dead.
Tesla is becoming an AI name.
He believes Tesla is becoming a true AI name, with autonomous driving and Optimus, and expects 2025 to be the year the story takes shape; he also expects a SpaceX/Tesla merger eventually.
Tech bulls should be Bitcoin bulls.
He says he cannot be bullish on tech and disruptive innovation without being bullish on Bitcoin, and sees blockchain use cases still ahead; bearishness on both tech and crypto leaves investors on the sidelines.
Cybersecurity selloff is overdone.
He says cybersecurity names CrowdStrike, Palo Alto Networks, and Zscaler are dislocated from fundamentals and that AI tools will not unseat them, so he takes the opposite side of the bearish case.
Alibaba is a bullish Asian tech play.
He says they are bullish on names like Alibaba and other Asian tech as part of the broader AI and tech supply chain, though he gives limited company-specific detail.
Buy Bitcoin during cycle capitulation.
He says the four-year cycle points to a 2026 correction and capitulation, which historically has been the buying opportunity, and he is not nervous because adoption has already won.
Tokenization is inevitable and massive.
He expects tokenization to be inevitable, with $120T transferring to younger generations, major issuers like Apollo, Blackstone, BlackRock, and Franklin Templeton coming on-chain, and DTC and US capital markets moving on-chain toward $100T+.
IBIT has durable long-term demand.
He says SkyBridge owns IBIT and bought more, calling it the fastest-growing ETF in history; he notes boomers are holding it despite the correction.
Bitcoin is the future; buy.
He says SkyBridge started buying Bitcoin because it is the future, holds it on the balance sheet, and expects crypto regulation under Trump to be game-changing for the industry.
Coinbase is an Uber-like disruptor.
He argues banks are the cab companies and Coinbase and Tether are Uber; they will eat the banks' lunch as crypto and stablecoins disrupt financial services, even though banks are lobbying to stall yield.
Stay long Solana long-term.
He says SkyBridge stakes Solana and he remains a long-term holder, despite some concerns about staking inflation and churn.
This Anthony Pompliano video, published February 12, 2026,
features Mike Novogratz, Lyn Alden, Matt Hougan, Cathie Wood, Jordi Visser, Caitlin Long, Dan Tapiero, Robert Mitchnick, Tilman, Grant Cardone, Dan Ives, Yoni Assia, Anthony Scaramucci
discussing GLD, SILVER, MGC, VXUS, BTC, ETH, SOL, Power/data center capacity, GLXY, PPLT, Altcoins / crypto ex-Bitcoin, Crypto index funds, BITQ, CRCL, FIGR, HOOD, SPY, Artificial Intelligence, ROBO, ICLN, BLOCKCHAIN, ARKG, SaaS/software, BIZD, PSP, TSLA, IGV, META, MSFT, AMZN, GOOG, Memory/DRAM, IBIT, USD, XLRE, XLK, NVDA, CRM, NOW, ORCL, WDAY, CRWD, PANW, ZS, BABA, Tokenization / real-world assets, COIN.
49 trade ideas extracted by AI with direction and confidence scoring.
Speakers:
Mike Novogratz,
Lyn Alden,
Matt Hougan,
Cathie Wood,
Jordi Visser,
Caitlin Long,
Dan Tapiero,
Robert Mitchnick,
Tilman,
Grant Cardone,
Dan Ives,
Yoni Assia,
Anthony Scaramucci
· Tickers:
GLD,
SILVER,
MGC,
VXUS,
BTC,
ETH,
SOL,
Power/data center capacity,
GLXY,
PPLT,
Altcoins / crypto ex-Bitcoin,
Crypto index funds,
BITQ,
CRCL,
FIGR,
HOOD,
SPY,
Artificial Intelligence,
ROBO,
ICLN,
BLOCKCHAIN,
ARKG,
SaaS/software,
BIZD,
PSP,
TSLA,
IGV,
META,
MSFT,
AMZN,
GOOG,
Memory/DRAM,
IBIT,
USD,
XLRE,
XLK,
NVDA,
CRM,
NOW,
ORCL,
WDAY,
CRWD,
PANW,
ZS,
BABA,
Tokenization / real-world assets,
COIN
