$TECH - Technology and crypto represent the greatest macro trade of all time, with the digital transformation supercycle still ongoing
$BTC - Bitcoin's price movements are 90% explained by global liquidity, making it highly correlated with liquidity cycles
$SUI - Current L1 allocation after successfully rotating from Solana, despite giving back some gains
$SOLAR - Solar is the fastest and cheapest source of scaling energy for AI infrastructure, with China deploying more solar in 12 months than the rest of the world combined
$SOL - Successfully bought Solana at the lows as part of L1 rotation strategy that outperformed Bitcoin
$NATGAS - Natural gas is the bridge solution for AI energy needs, deployable in about two years between solar (12 months) and nuclear (long-term)
Bearish:
$DEFI - DeFi protocols are inferior investments compared to L1 networks because they're cash-flowing businesses rather than networks with multiplier effects
$ADA - Cardano lacks economic activity on-chain despite having holders, making it an outlier that doesn't fit network valuation models
$ETH - Ethereum's valuation at 400 billion with only 1-2 billion in fees represents 200-400x revenue multiple, making it overpriced from a fundamental perspective