$INFLATION - Jim believes we are in an era of persistent inflation, which could range from high to lower levels, but is no longer an era of no inflation.
$PAYMENTRAILS - Jim envisions a future with real-time, high-capacity, low-cost payment systems, suggesting potential growth in the payment technology sector.
Bearish:
$STABLES - Jim believes the era of zero interest rates, yield curve control, and extensive money printing is over, which could challenge the growth narrative for stablecoins.
$TREASURIES - Jim suggests there's a significant chance that Trump could fire Powell, potentially leading to more dovish monetary policy and upward pressure on Treasury yields.
$CRYPTOTREASURY - Jim explains that crypto treasury companies are essentially leveraged plays on crypto, highlighting the risks involved, especially in bear markets.