What's The Trade For 2026?

Bullish:

• $GLD - Gold will continue rallying due to geopolitical fracturing, sovereign buying (BRICS now holds more gold than US), and higher baseline inflation post-COVID.

  • “I think that gold, a fifty fifty basket of gold and silver will outperform the S and P in 2026.”

    Avi·6:18

  • “As of October 23, BRICS, when combined with members of the Shanghai Cooperation Organization, now hold more gold than The United States. And that has not happened ever before.”

    Avi·9:12

  • “gold doesn't do four year cycles, gold does fifteen year cycles. These mega trends tend to have a certain amount of inertia to them and they tend to last.”

    Avi·9:50

  • “to me, the argument for allocating to gold is stronger than ever, to be completely honest. When you have inflation, when you have this multipolar fracturing of the world, when you have sovereigns continuing to buy”

    Avi·10:19
• $BTC - Bitcoin bottoming at $85k with sellers exhausted, poised for rapid move to $100k by January as liquidity returns and tax selling abates.

  • “I think we see a 100 K Bitcoin by the January. And I think it happens fast because I think Bitcoin has been neglected for all of these structural reasons.”

    Avi·0:15

  • “sellers have run out of ammo and that in the new year, if new buyers come in, which I think they will, and the tax selling abates and the, you know, the the end of year stuff, liquidity comes back”

    Avi·19:59

  • “I lifted a bunch of 100 K January 30 calls, because I think that we could actually squeeze up.”

    Avi·21:03
• $XMR - Privacy coins like Monero will benefit from $2.7B in crypto hacks requiring money laundering, plus narrative around wealth taxes driving demand for asset hiding.

  • “there's a tremendous use case of crypto, and that use case is criminals can steal it from you easily, and then they have to wash it. They have to put it into Monero or they have to put it into Zcash”

    Avi·36:24

  • “there's there a use case for these privacy coins, because there's been a use case for these privacy coins for years. So why now? Is because now they have the narrative. Now they have a use case and the narrative.”

    Avi·37:22

  • “2026 is the perfect coalescing point for privacy points. Take into account the California wealth tax as well. Mamdani coming in to New York. People are going to be pressed to start hiding their assets”

    Avi·37:41
• $REMX - Rare earth minerals and critical minerals will benefit from geopolitical fracturing and commodity supercycle.

  • “one of my biggest bags right now is something called REMX, which is a rare earth minerals, critical minerals.”

    Avi·11:35

  • “I'm generally pretty bullish on just commodities in general, and I have a decent amount of my portfolio now reallocated”

    Avi·11:43

Bearish:

• $OIL - Bearish on oil for multiple structural reasons despite broader commodity rally.

  • “I'm actually very bearish on oil, for a lot of reasons that I wrote down”

    Avi·5:50

  • “this has nothing to do with oil, because I think a very, very bearish on oil.”

    Avi·10:43
• $MEMECOINS - Meme coins have devolved from strategic multi-week plays to hours-long pump and dumps, with no resurgence expected in 2026.

  • “The meme coin space does not come back in 2026. There's no resurgence of meme coins.”

    Jonah·33:02

  • “that was an era when meme coins ran for at least a few weeks. But now they run for hours, and then they immolate.”

    Jonah·31:40

  • “it's basically gone from being, like, a a strategic, fun, interesting game like Settlers of Catan or Risk to, like... basically buying amphetamines from a teenager in the men's bathroom at a nightclub”

    Jonah·31:48
• $ALTCOINS - Altcoin bear market will continue with high FDV/low float tokens offering shorting opportunities as VCs and insiders seek exits.

  • “I think the altcoin bear market continues, and I think that people people who get out of their four year cycle, alt season mindset and just buckle up and short these things, the bad ones.”

    Jonah·33:24

  • “you just flip your chart upside down on TradingView, pretend it's going up, and you sell perps of positive funding on high FDV, low float tokens. There will be no squeezes. Every insider, every VC wants to get out. These tokens are fucking worthless and have no uptake.”

    Jonah·34:12

  • “Short World coin, short that basket”

    Avi·35:01
• $NFT - NFTs were a fad driven by COVID-era digital world assumptions; CryptoPunks floor will fall below 8 ETH as capital allocation shifts away.

  • “I said that the CryptoPunks floor would go below 8 ETH in 2026.”

    Jonah·42:40

  • “Like, nobody wants this stuff anymore. It's not a trend. It's not like Bitcoin that just keeps, you know, proliferating into modern society. This was a fad. NFTs were a fad”

    Jonah·42:50

  • “there's no reason for somebody to lock up capital holding one of them. You can't even hang it in your wall and talk about it.”

    Jonah·43:44

  • “the addressable audience is this, like, really tiny little sliver niche of of online male degens who happen to be active in crypto between 2017 and 2022.”

    Jonah·44:03