Avi Felman × Jonah Van Bourg

Global crude could hit operational tank bottoms by September: inelastic demand and an 8mbd supply loss could keep oil above $100, though Avi says $200 would force resolution within two months.A 50% chance of a December rate hike and Kevin Warsh’s possible real-time CPI rebase create an underpriced catalyst for equities and an even harsher risk for crypto, while Jonah argues AI’s marginal dollar remains far from exhausted.

Thread Guy × Peter Schiff

Schiff’s October short-Bitcoin, long-gold trade became the show’s best-performing tracked call, as Bitcoin’s five-year return was roughly 12% despite revisiting its 2021 peak near $69,000.He expects Iran to accelerate reserve diversification into gold, while renewed Fed easing into 5%-6% inflation could drive bullion toward his revised $10,000-$20,000 range; AI-driven abundance remains the unresolved wildcard.

Thread Guy × Fejau

Oil markets are shifting from the initial Iran shock to the duration of Hormuz impairment, with February 2027 crude rising as front-month prices retreat.Fejau favors dollars over direct oil exposure as Europe and Asia face greater energy dependence, while disruption duration could drive foreign weakness, dollar strength, and recession risk.

Avi Felman × Jonah Van Bourg

Bitcoin’s 85–90k consolidation, muted funding, and restrained open interest support Avi’s “new all-time-high run” thesis, with 100K as the supply-activation threshold.Both hosts remain bearish on memecoins in aggregate, favoring shorts only after a 60–70% impulse move in high-FDV, low-float tokens against Bitcoin.Regime change could remove state-linked BTC selling and may make seized coins the foundation of the SPR, while Venezuela’s oil reserves offer little near-term supply and Iran remains the larger catalyst and risk.

Scott Bessent × Doug Burgum × Chris Wright × Howard Lutnick

Scott Bessent’s 3-3-3 plan depends on roughly $300 billion of annual AI capex translating into productivity growth, a deficit near 3% of GDP, and persistent 3%-plus growth.Stablecoins could generate “several trillion dollars of demand for T-bills,” while tariffs are intended to compress foreign margins and pull factories such as AstraZeneca’s announced $50 billion US buildout onshore.The immediate AI-power bottleneck is natural gas and retained baseload, with planned closures potentially removing 100 GW by 2030 and advanced nuclear treated as a roughly 10-year rebuild.