The Pomp Podcast
OG Crypto Investor SOLD HIS BITCOIN For AI | Avi Felman
- Avi Feldman divested from Bitcoin and crypto after nearly a decade, arguing that secular growth in AI, robotics, biotech, and defense has replaced Bitcoin's narrative as a hedge against Fed overreach.
- The social contract has broken for average Americans—pensions gone, housing unaffordable—driving retail into trading and speculation (Hyperliquid, prediction markets, sports betting) to escape the underclass.
- Memory stocks and the financialization of everyday life represent the current macro opportunity; Hyperliquid is classified as fintech capturing broader trading appetite.
- Michael Saylor's Microstrategy (MSTR) and Streitwise (STRC) preferred equity carry execution risk; a 15–25% Bitcoin liquidation by Saylor is possible to cover debt.
- Robotics, defense, biotech, rare earth minerals, uranium, and private market vehicles (e.g., Robo Strategy) are the highest-conviction themes; index fund forward returns will be suppressed as companies stay private longer.
- Political economy risk (wealth inequality, potential socialism, wealth taxes) remains a long-term threat; volatile markets now favor tactical entry on 30% drawdowns rather than buy-and-hold.