Jordi Visser

Liquidity conditions improving into Q2, COIN positioned as prime beneficiary of renewed crypto trading volumes.

Tech cycle maturation means NVDA multiples face compression risk despite strong fundamentals and AI momentum.

Global M2 expansion correlates strongly with Bitcoin; IBIT offers clean institutional exposure to this macro regime.

NVIDIA is still the cleanest expression of the AI capex cycle, but watch power grid bottlenecks.

Memory pricing cycle turning; Micron looks like a laggard beneficiary of AI HBM demand.

Taiwan Semi is the highest-quality choke point in the entire AI supply chain.

Alphabet's Gemini traction is real but the market keeps pricing it as an also-ran.

MSTR's premium-to-NAV is stretched; be careful chasing here into a liquidity contraction.