Finding Alpha In Crypto, Mamdani Wins & The AI Gold Rush | Weekly Roundup

Bullish:

• $WU - Western Union trades at an extremely low 4x P/E ratio compared to market average of 20x, with potential for significant revaluation as stablecoin adoption could transform their business model

  • “Western Union trades at four times PE ratio. I mean, I'm sorry. It doesn't take much to believe that that thing goes to 10 times PE ratio.”

    Santiago·1:06:46
• $STABLES - Companies that adopt and utilize stablecoins will be economic winners by reducing interchange costs and improving payment efficiency

  • “The real winners economically are likely gonna be the ones that use stablecoins the most.”

    Pranav·3:22
• $OPENAI - OpenAI is massively under-monetized with 800 million users, presenting significant upside potential as they increase revenue per user

  • “I just think OpenAI ChatGPT is massively under monetized.”

    Pranav·59:09
• $AI - Speculative capital has migrated from crypto to AI equities, making AI the preferred venue for expressing high-risk, high-reward trades

  • “The risky capital is not in crypto. Like, that seven out of 10 idea you wanna express that in is somewhere in AI or AI adjacent. It's just not in crypto.”

    Pranav·50:32
• $EQUITY - Companies that can tokenize their equity and use it as a customer acquisition tool through programmatic ownership distribution will have a competitive advantage

  • “If companies are able to tokenize their equity and if the regulatory framework is there such that these companies can programmatically give people ownership in the underlying thing for being loyal users, that might be a better closed loop mechanism to drive a business.”

    Pranav·6:59
• $ENERGY - Speculative money is flowing into energy and power trades, including Bitcoin miners, driven by AI's energy bottleneck narrative

  • “You're seeing a lot of speculative money going to energy and power trades. Right? You know, Bitcoin miners is one example of it.”

    Pranav·50:58
• $GAMBLING - Gambling platforms will benefit from societal trends as people increasingly seek fast money and high-leverage opportunities

  • “People want fast money, perps, gambling. Like, I don't actually think this, like, financialization of everything is good for society necessarily, but I do think it's gonna play out because people just people want the 100x.”

    Jason·19:24

Bearish:

• $ALTCOINS - Altcoins are the wrong venue for expressing bullish macro views and will underperform other risk assets despite favorable conditions

  • “If you're trying to express that view in altcoins, you're you're you're expressing it in the wrong place.”

    Pranav·51:52
• $LAYERONE - Layer 1 blockchain tokens have valuations that don't make sense relative to their future economic earnings potential

  • “Most layer one blockchain tokens have valuations that make no sense to me. Like, relative to what they're gonna earn in economics in the future”

    Pranav·34:04
• $INFRA - Crypto infrastructure is massively overvalued at $3.5 trillion market cap with only 40 million users, compared to OpenAI's potential trillion-dollar valuation with 800 million users

  • “OpenAI, potentially, there's rumors of it going public at a trailing dollar valuation. It has 800,000,000 active users. Crypto has 40,000,000 active users, 3 and a half trillion dollar asset class.”

    Santiago·1:00:21