“I’m really bullish on the tokens that don’t exist yet.” @fejau_inc joins the Insilico Terminal Podcast to talk about the macro setup, why the AI trade may be fading, and what could bring capital back to crypto. We covered Fed expectations, oil and Iran, Saylor/Strategy risk, the CLARITY Act, stablecoins, financial repression, and why Felix is getting more constructive on crypto again. 00:00 Felix Jauvin, Forward Guidance & His Trading Background 07:30 Why Macro Has Become Harder to Trade in Crypto 15:34 The Macro Data That Actually Matters for Bitcoin 23:13 American Exceptionalism, Europe & Global Markets 31:12 Saylor Risk, Quantum FUD & Fading Bearish Catalysts 36:01 Is the AI Trade Over? Capital Rotating Back to Crypto 40:01 The CLARITY Act Could Be Crypto’s Next Major Catalyst 48:38 Stablecoins, US Debt & Financial Repression 55:14 The New Fed Regime & What Could Drive the Next Crypto Cycle

"Under our modeled case, Hyperliquid's annualized revenue run rate nearly doubles, from $498M in July to $979M by December 2026, with priority fee revenue growing to $87M annualized."

Good morning. Today I'll be on a livestream with Sokio for FOMC. Stream starts at 1:45pm (EST) or 18:45 (UTC) Thanks to Insilico Terminal for having me on to share my thoughts. Hope to see you all there!