Oil & Crypto Trader Jonah van Bourg: Altcoins Going to Zero, Bitcoin Bull Move Is Just Getting Started, and Oil Vol Is Overpriced
Forward Guidance is sponsored by VanEck. Learn more about the VanEck Morningstar Wide MOAT ETF (MOAT) at https://vaneck.com/MOATFG.\nFollow Jonah van Bourg on Twitter https://x.com/jvb_xyz\nFollow 1000x podcast on Twitter https://x.com/1000xPod\nFollow VanEck on Twitter https://twitter.com/vaneck_us\nFollow Jack Farley on Twitter https://twitter.com/JackFarley96\nFollow Forward Guidance on Twitter https://twitter.com/ForwardGuidance\nFollow Blockworks on Twitter https://twitter.com/Blockworks_\n__\n\nTimestamps:\n(00:00) Introduction\n(00:34) Jonah's Background At Lehman, Goldman, Vitol, and Cumberland\n(04:18) Jonah on Crypto: "I'm So Bullish I Can't See Straight"\n(06:18) Why Jonah Thinks Bitcoin Will Stay In A Range ("Proper Chop") Before Shooting Higher\n(09:11) Jonah: Bitcoin Is Better At Conducting Large Scale Commodity Transactions Than Most Non-Reserve Fiat Currencies\n(22:01) VanEck Ad\n(28:20) Has Saudi Arabia Moved Off The Petrodollar?\n(30:09) Is Mt. Gox Unlock of Bitcoin A Big Deal?\n(34:25) Jonah on The Real Reason Crypto Is Going Down: "Most Altcoins Are Worthless": You "Shitcoin of Choice" Is Probably Dead\n(45:19) The Rise of Stablecoins\n(48:26) The "AI" Crypto Coins\n(50:40) Jonah on Oil: There's A Lot Of Spare Capacity, Hard To See A Big Move Higher\n(58:09) The Best Trade of 2024 In Oil Has Been Selling Options\n(01:06:34) Why Jonah Is Bullish Distillates\n(01:10:15) Jonah on Oil Refineries\n(01:13:34) Natural Gas\n(01:20:25) Uranium and Gold\n(01:22:58) Fiat Debasement and Bitcoin\n__\nDisclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets