Solari Capital founder
@jedimooch says the biggest winners of the AI revolution might not be AI companies, but assets that AI can never replicate:
"The average life expectancy of a currency is 26 years. We've increased the M2 money supply 35 times since we came off the gold standard in 1971."
"A contrarian future prediction from us at Solari Capital is that there's gonna be even more extreme value accrual to scarce assets. A T-Rex dinosaur fossil selling for $51 million, the LA Lakers selling for $12 billion. These scarce assets represent a debasement trade in the same way gold and Bitcoin do."
"If you go back to 2008 and mark to market the Mag Seven, and mark to market gold and Bitcoin, you will find that gold and Bitcoin have created more market cap than the entire Mag Seven combined. You can add Anthropic, OpenAI, and SpaceX to the mix. It would still be less."
"So you've got the abundance thread and the scarcity thread."