$INFRA - Data center infrastructure and power are becoming critical bottlenecks for AI development, with massive capital requirements creating opportunities for infrastructure providers.
$DATACENTER - Data center companies are better positioned than AI model companies as they have multiple customers and are essential infrastructure for the AI revolution.
$STABLES - Stablecoins have won the medium of exchange use case and the fintech/stablecoin sector remains exciting with strong building activity.
Bearish:
$AIMODELS - AI model companies are capital incinerators with no moat, facing constant competition and destroying value as they compete on who has the better model.
$LAYERONE - The VC-backed Layer 1 token era is over, with most token launches failing and the flashy token side of crypto essentially finished.
$BTC - Bitcoin faces existential quantum computing risk that developers refuse to address, potentially leading to institutional takeover and fundamental challenges to its value proposition.
$OPENAI - OpenAI's valuation appears bubble-like with massive revenue performance obligations they cannot honor given current revenue levels.