I sat down with @jvisserlabs to discuss: - the recent weakness from hyperscalers - the rise of open source models - what the Mythos/Fable 5 situation means for governments and investors - Kevin Warsh's first Fed press conference - where inflation is actually headed - why bitcoin is still in a bear market YouTube: youtu.be/qezOp08hwPQ?si… Apple: podcasts.apple.com/us/podcast/the… Spotify: open.spotify.com/episode/2kY4iZ… TIMESTAMPS: 0:00 - Intro 0:57 - AI pivot & hyperscaler weakness 5:47 - Open source models & US vs China AI race 7:19 - Token demand, Jevons Paradox & AI adoption trends 14:22 - When does the CapEx spending become a problem? 17:59 - Open source vs closed AI models — who wins long term? 19:25 - Agency & what it means for individuals 24:34 - Is AI & energy the only thing holding the market up? 28:32 - Kevin Warsh's first Fed press conference 31:36 - Inflation outlook & next CPI print 37:44 - Why so many Americans feel trapped & real cost of living 44:51 - Bitcoin bear market & what needs to change

@APompliano @jvisserlabs Deep topics here, always enjoy your macro views.

@APompliano @jvisserlabs strong lineup sharp insights ahead

@APompliano @jvisserlabs Excited to dive into this full discussion.

@APompliano @jvisserlabs Trump making America the crypto & AI capital of the world. Pro-Bitcoin reserve, Clarity Act coming, deregulation for innovation. Inflation heading down under real leadership. Hyperscalers & open source thrive when government gets out of the way.

@APompliano @jvisserlabs Awesome! Thx boss

@APompliano @jvisserlabs Knowing $BTC In bear market means hold money to buy it in premium price.

@APompliano @jvisserlabs Hyperscaler capex is a pyramid scheme and Warsh is already priced for perfection so stay humble.

@APompliano @jvisserlabs AI、通胀和比特币放在一起看更有意义。云厂商疲软不是单点问题，资本开支、开源替代和真实生活成本都会影响风险资产定价。

@APompliano @jvisserlabs This is a very simple math problem. Calculate the available supply against the proposed demand for electricity. Hyperscalers and the moonbois need to manage expectations.

@APompliano @jvisserlabs @bittensor solves the open source model problem

@APompliano @jvisserlabs I’d be watching this when I have the time

@APompliano @jvisserlabs We can give reasons for everything that happened in the past. But understanding them and predict a future based on it. that's the job of an analyst

@APompliano @jvisserlabs hyperscalers showing weakness but bitcoin bear market still gets top billing? lmao

@APompliano @jvisserlabs that sounds like a conversation worth catching. open source models changing the game for sure.

@APompliano @jvisserlabs The Bitcoin bear market part should be interesting