PumpFun’s Impact on Solana, Circle’s IPO, and Elon and Trump’s Feud | Roundup

Bullish:

• $HARDASSETS - Invest in hard assets denominated in dollars, such as Bitcoin and gold, as a hedge against high deficits and potential inflation.

  • “If the deficit is, like, eight or 9% and not even getting cut, I I I think it's, like, buy every asset that you possibly can get your hands on that are denominated in dollars. Dollars. The harder the asset, the better. You know, Bitcoin, gold, and and basically everything in between.”

    Vance·5:55
• $PUMPFUN - Invest in PumpFun, the largest consumer application in crypto, due to its profitability and potential token buyback mechanism.

  • “PumpFund is the largest by far consumer application on crypto, writ large. And it is making a ton of money, and it's profitable. And I would imagine that with the token, there will be some sort of buyback mechanism, and it'll feed back into the token.”

    Vance·30:38
• $ETH - Invest in Ethereum as a more neutral and potentially better risk-reward play compared to Bitcoin, given current political risks.

  • “I think ETH being more neutral is is probably a better better risk reward play at the moment.”

    Michael·46:56
• $BTC - Invest in Bitcoin with the expectation of good performance, while acknowledging potential political risks associated with the cryptocurrency.

  • “I think BTC will do well. I do think there is some sort of baked in political risk with people looking at Tesla and saying, you know, that that's what happened to the last guy. They got super close to the Trump administration.”

    Michael·44:39

Bearish:

• $TSLA - Short Tesla due to potential earnings loss, political conflicts, and removal of EV and solar subsidies.

  • “There's a chance that Tesla has no earnings in 2026. He's crashing out on the president. He dropped the Epstein files bomb. The EV subsidies are gone. The solar subsidies are gone.”

    Michael·3:24
• $SOL - Short Solana due to potential impact from PumpFun's token launch and development of vertical DeFi primitives, which could reduce fees traditionally associated with SOL.

  • “I think at some point, you do have to kind of confront the fact that Pump is going to do their own token. I don't think they're gonna launch their own chain, but they're gonna build a lot of vertical DeFi primitives and eat a lot of the fees that are traditionally associated with SOL outside of the Mev tipping and and kind of the Jito world, which will kind of stay on its own.”

    Michael·0:00