1000x

This week, with memory stocks down 30-40% from the highs, we ask whether memory has bottomed. We discuss why AI bailed out the everything bubble and why this bubble is different, the George Soros model of why a bubble comes back bigger the second time, why only 2.2% of US households pay for AI and why that means we're in inning one, the $26 billion Korean margin-call wipeout and what it tells you about sentiment, why nobody wins the US-China AI arms race except the components makers, the Saudi nuclear deal and looking where nobody else is looking, why the latest Iran escalation won't derail markets, and why gold looks phenomenal here while crypto may have finally bottomed. Enjoy!

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Follow Avi: https://x.com/AviFelman
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Timestamps:
(00:00) Coming Up on 1000x...
(00:32) Save Everything In Your 20s: The Bleecker Street Lesson
(07:01) How AI Bailed Out The Everything Bubble
(10:15) Has Memory Bottomed?
(13:51) Only 2.2% Pay For AI: We're In Inning One
(19:36) $26B Wiped Out: The Korea Margin-Call Warning
(23:42) The US-China Model Arms Race (And How To Trade It)
(28:26) Bombing Iran Again: Why Markets Don't Care
(42:02) Gold Looks Phenomenal & Crypto May Have Bottomed

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Disclaimer: Nothing said on 1000x is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Avi, Jonah and our guests may hold positions in the companies, funds, or projects discussed.

This week, Avi sits down with Vlad Novakovski, founder and CEO of Lighter, the on-chain exchange partnered with Robinhood. Vlad went to high school with Robinhood's Vlad Tenev, competed in the Physics and Informatics Olympiads alongside future Anthropic co-founders and Facebook's first CTO, finished Harvard at 19, and was recruited to Citadel by Ken Griffin himself. We discuss the Olympiad pipeline that produced half of Silicon Valley, what Ken Griffin told him about Bernie Madoff in 2004, why Madoff couldn't have happened on-chain, why he left Wall Street for Silicon Valley and then came back, how he pivoted his company and kept 80% of his engineering team, the custom ZK circuits that let Lighter run finance at 1% of the compute cost, why he thinks Lighter beats Hyperliquid on every axis, the Robinhood partnership and onchain options coming in Q3, and why every dollar of value at Lighter accrues to the token instead of the equity. Enjoy!

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Follow Vlad: https://x.com/vnovakovski
Follow Avi: https://x.com/AviFelman
Follow Jonah: https://x.com/jvb_xyz
Follow 1000x: https://x.com/1000xPod
Join the 1000x Telegram: https://t.me/thousandxpod
Try the 1000x Terminal: https://1000x.money

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Timestamps:
(00:00) Coming Up on 1000x...
(00:49) Harvard At 16 & The Olympiad Network Behind Anthropic
(10:10) Ken Griffin Closed Me At 18
(12:12) "That's A Ponzi": Ken Called Madoff In 2004
(16:08) Why He Left Wall Street For Silicon Valley
(19:46) How To Pivot And Keep 80% Of Your Engineers
(24:29) Running 40% Of The Economy At 1% Of The Cost
(27:46) Robinhood, Ethereum & Options Onchain
(30:48) All Value Accrues To The Token

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Disclaimer: Nothing said on 1000x is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Avi, Jonah and our guests may hold positions in the companies, funds, or projects discussed.

This week, we go deep on how careers and capital actually get made. We discuss how Jordi Alexander built Selini from a poker table, why table selection is the single most important decision you'll make, an insider's account of how Goldman Sachs anoints its "Illuminati" and what it takes to get there, why Jonah took a shot at the king and missed, why Ken Griffin says the alpha has been squeezed out of short-term trading and megatrends are what's left, the complete flows framework for Bitcoin and why there may be nobody left to sell, the Avi vs Jonah standoff on whether crypto is a buy here, the Clarity Act and why it probably won't pass, and what crypto was actually supposed to be. Enjoy!

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Follow Avi: https://x.com/AviFelman
Follow Jonah: https://x.com/jvb_xyz
Follow 1000x: https://x.com/1000xPod
Join the 1000x Telegram: https://t.me/thousandxpod
Try the 1000x Terminal: https://1000x.money

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Timestamps:
(00:00) Coming Up on 1000x...
(00:29) How Jordi Built Selini & Why Table Selection Is Everything
(8:27) Inside Goldman: How They Anoint The Illuminati
(15:13) Shot At The King And Missed
(23:17) Ken Griffin Is Right: The Alpha Is In Megatrends
(25:07) Nobody Left To Sell: The Bitcoin Flows Framework
(39:13) The Market Can't Make Up Its Mind
(44:07) The Clarity Act & What Crypto Was Supposed To Be

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Disclaimer: Nothing said on 1000x is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Avi, Jonah and our guests may hold positions in the companies, funds, or projects discussed.

Recorded live at the Selini Summit in Cannes, Avi sits down with Jordi Alexander — founder and CIO of Selini Capital, former professional poker player, and one of the sharpest minds in trading. We discuss why crypto's "great filter" washout is actually healthy, why retail has disappeared from crypto, how Selini is now trading SpaceX and equity IPOs using the exact same playbook they learned in crypto, why passive flows always end up holding the bag, the leverage lessons from the October 10th liquidation cascade, where a crypto market maker still has edge over the Jane Streets of the world, the first principle of all trading (you're always exchanging risk for expected value), and the casino economy of variance, dopamine, and why you should never trade from your phone. Enjoy!

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Follow Jordi: https://x.com/gametheorizing
Follow Avi: https://x.com/AviFelman
Follow Jonah: https://x.com/jvb_xyz
Follow 1000x: https://x.com/1000xPod
Join the 1000x Telegram: https://t.me/thousandxpod
Try the 1000x Terminal: https://1000x.money

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Timestamps:
(00:00) Coming Up on 1000x...
(01:22) The Great Filter: Crypto's Washout Is Healthy
(04:44) Retail Is Gone
(06:02) Selini Is Trading SpaceX: Same Playbook As Crypto
(10:29) Passive Flows Always Hold The Bag
(12:54) Surviving October 10th & The Leverage Lesson
(17:44) "They're In Our Land": Where Selini Still Has Edge
(22:02) The Casino Economy: Variance, Dopamine & Getting Fleeced

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Disclaimer: Nothing said on 1000x is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Avi, Jonah and our guests may hold positions in the companies, funds, or projects discussed.

Avi sits down with Ari Paul. His former boss, founder of BlockTower Capital, and one of the sharpest minds in crypto, for a wide-ranging conversation on what's next. We discuss why crypto was the easiest table in finance and why that edge is gone, why the best people left crypto for AI, why Ari believes "Mythos is a military project" and the labs are heading for a Los Alamos-style lockdown, why the AI data center boom rhymes with the 1990s fiber bubble, where AI value actually accrues (why you might short Accenture but not Visa), why one person with an LLM can now do the work of a whole team, how Ari is using LLMs and neuromodulation to hack his own health, and why we may be at peak chaos in the Fourth Turning. Enjoy!

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Follow Avi: https://x.com/AviFelman
Follow Jonah: https://x.com/jvb_xyz
Follow 1000x: https://x.com/1000xPod
Join the 1000x Telegram: https://t.me/thousandxpod
Try the 1000x Terminal: https://1000x.money

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Timestamps:
(00:00) Coming Up on 1000x...
(01:13) From BlockTower To Burnout: Ari Paul's Crypto Story
(09:01) Why Crypto Was The Easiest Table In Finance
(16:17) Crypto Is Over: The Best People Left For AI
(24:03) Mythos Is A Military Project
(30:04) The AI Bubble Is The Fiber Boom All Over Again
(39:38) Where AI Value Actually Accrues
(44:59) I Can Beat Most Doctors With An LLM
(58:19) Peak Chaos: The Fourth Turning & The Coming Reset

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Disclaimer: Nothing said on 1000x is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Avi, Jonah and our guests may hold positions in the companies, funds, or projects discussed.