Jason Yanowitz × Santiago Roel Santos

AI’s narrative dominance masks a possible crypto bull market, as Yano reports revived interest after 18 barren months and tokens that have increased 50 times.Anthropic’s reported $1 of revenue per $60 of compute, possible ARR stabilization, and customer switching leave frontier-model economics unresolved, while 1 gigawatt of AI capacity costs $50–60 billion.Falling inference costs could strand capacity or trigger Jevons’ paradox, as LPs seek crypto’s growth-stage fintech opportunity as a countercyclical alternative to crowded AI.

Avi Felman × Jonah Van Bourg

Avi’s GP dispute alleges holders publicly promised to hold while selling concealed inventory, making on-chain wallet behavior the key test of verifiable trust.Both hosts contrast meme-coin speculation with positive-sum crypto built on “good product, good revenues, good team,” citing Avi’s ZRO-versus-ETH trade and Robinhood’s perpetuals rollout through Bitstamp.They frame five-year mega trends, retail investors’ tolerance for volatility and AI-driven concentration as the durable signals, while leaving the best expression—broad exposure or concentrated winners—unresolved.

Peter Diamandis × Emad Mostaque × Cathie Wood × Nikhil Chandhok

Peter said a Tesla-SpaceX merger could be announced this year, and Cathie said ARK believes it will happen, combining rockets, broadband, AI, electric vehicles and energy around Musk’s Mars-directed compute strategy, though China remains a major obstacle.Nikhil Chandhok expects AI agents to outnumber humans next year, while Arc tests agent credit and stablecoin rails whose capacity must grow from tens of thousands to potentially millions of transactions per second.

Kevin × Yan × Jose × Jason × Ceteris

Crypto returns concentrated in stores of value and revenue-producing protocols including Zcash, Ethena, LIT and HYPE, while ETH and SOL lagged.Zcash’s constrained mining supply and Bitcoin-relative reflexivity supported upside, but its store-of-value trade remains vulnerable to an 80% drawdown.HYPE’s buybacks, RWAs, HyperEVM and new products offer catalysts, alongside onchain options and tokenized equities, amid liquidity, protocol and macro risks.

Jordi Visser

Jordi Visser sees a “bear market happening inside a bull market”: Magnificent 7 stocks make highs while IWM/QQQ and rate-sensitive sectors trade at bear-market levels.Quiet credit spreads, jobless claims and earnings up 17% challenge the rate-doom trade, while Meta’s Muse makes consumer agents a 12-month catalyst whose hype could fuel multiple compression over the next 3 months.

Avi Felman × Jonah Van Bourg

Avi frames ten-year yields above 5% as distrust in the Fed, supporting his long-and-strong stance on Bitcoin, Intel, and Nasdaq.AI-driven copper demand may push copper toward $8, while lab-grown diamonds at $6 per carat expose monopoly economics.Cheaper AI could expand usage and GDP, but rising yields pressure real estate as Jonah watches early-to-mid-2027 for capitulation.

Jordi Visser

Crypto has broken out: Visser’s 46-name index rose 32% YTD, with 43 names above their 50-day and Bitcoin implying 15% upside.He argues AI agents, not humans, will generate on-chain flows as stocks absorbed 5.02% 10-year yields, $110 Brent and a hawkish Fed.Tokenization arrives with 23-hour weekday trading December 6 and a five-year exemption, while Clarity Act remains stalled.

Peter Diamandis × Dave Blundin × Alexander Wissner-Gross × Vlad Tenev

Robinhood Chain already handles well over $1 billion in daily DEX volume and roughly 200 tokenized U.S. stock tokens across 120-plus countries.That evidence strengthens Vlad Tenev’s tokenization thesis, while Bessant’s liability stance and Robinhood’s plumbing-not-alpha view define the regulatory, automation and competitive risks ahead.

Avi Felman × Jonah Van Bourg

A sovereign-authorized USDT oil purchase, despite a failed $230M Venezuelan deal, signals stablecoins entering commodity settlement while the underlying failure reflected diligence, not crypto.AI-driven copper scarcity and Meta’s frontier push sharpen the competitive map, but model prices at 1–10% of frontier offerings and a roughly two-year superintelligence timeline leave unresolved disruption risk.

Imran Khan × Qiao Wang

Imran Khan calls the violent rebound “the first inning of a new cycle,” citing OG selling, failed dip-buying expectations and sidelined capital.Tokenized stocks revive onchain speculation through global access and underlying substance, while Robinhood’s retail interface outperforms Coinbase’s institutional-trust franchise.Computer-use agents expand software’s addressable market, pressuring new SaaS startups to build physical, networked or proprietary advantages.