This Bull Run Will Be Different — Are You Ready for AI’s Impact?

The current bull run for Bitcoin could extend beyond the traditional four-year cycle, driven by significant institutional investment and tokenization, while AI-powered tools are rapidly disrupting traditional creative software like Figma by eliminating moats.

• Bitcoin's bull run shows strong potential for extension beyond traditional cycles, driven by institutional interest and tokenization.

• AI is rapidly disrupting traditional software markets, dissolving 'moats' and enabling mass creativity without specialized skills.

• Franchises offer a robust, family-oriented investment avenue for capital preservation and generating perpetual revenue streams.

The current market bull run, particularly in Bitcoin, is showing signs of extension beyond the usual four-year cycle, with a 42% chance of reaching Q2 2026 due to factors like institutional adoption, vanishing sell pressure, and the tokenization of real-world assets. In the realm of technology, AI's disruptive power is evident as it rapidly devalues established software like Figma by enabling mass creativity without prior skills, making traditional competitive advantages vulnerable. Investors are advised to consider a balanced approach to asset allocation, potentially deploying capital in increments for highly valued assets like Tesla, and avoiding overvalued post-IPO stocks that lack robust 'moats' against AI disruption.

Extended Bull Run for Bitcoin

• 00:01:25 Speculation suggests the current Bitcoin bull run may extend to five years, potentially peaking in Q2 2026, with the speaker assigning a 42% probability to this scenario, up from 20% in January 2024. This extended cycle is attributed to sustained low volatility, exhausted long-term holder sell pressure, and massive institutional inflows, exemplified by Citibank and JP Morgan's bullish price targets and billions pouring into Bitcoin ETFs. The tokenization of real-world assets and concerns over fiat currency implosion also contribute to a potential prolonged demand for Bitcoin, hinting at a market that may not experience a typical bear cycle unless there's a rapid, sharp price spike.

• 00:06:44 The Total Addressable Market (TAM) for AI, encompassing autonomy, agentic AI, and physical AI, is projected to be vastly larger than other major trends like Bitcoin or Tesla, with humanoid AI alone potentially reaching $60 trillion. Transport automation, including robotaxis, is expected to be worth $13.6 trillion by 2030, replacing a trillion drivers and making transport more accessible and affordable globally. These expansive applications, from personal chefs to security guards, demonstrate AI's potential to revolutionize the labor market and daily life, leading to the conclusion that currently, nothing else appears to offer a larger growth opportunity than humanoid autonomy and space exploration in the long term.

• 00:14:51 Figma, despite disrupting Adobe with its cloud-native, collaborative, and user-friendly design platform, now faces significant disruption from AI tools like Google's Gemini 2.5 ('Nano Banana'). While Figma's fair value is $16 against a current price of $53.04, indicating it is overvalued by over 200%, AI co-creation tools eliminate the need for traditional design skills, offering faster and more accessible mass creativity. This 'domino disruption' highlights how AI removes economic 'moats,' especially for software that is not protected by coherent compute, manufacturing at scale, or unique data advantages, making Figma an undesirable investment despite some positive revenue growth forecasts.

• 00:26:10 Franchises are presented as a powerful, recession-resistant investment strategy for capital preservation and multi-generational wealth building, with historical examples demonstrating rapid wealth creation. The concept encourages families to align their goals with a business that fits their interests, potentially involving children in lieu of traditional college education. Examples like Kona Iced, UPS Stores, ServePro, Great Clips, Visiting Angels, and mobile pet services illustrate diverse opportunities with varying overheads and high demand, emphasizing the importance of identifying unmet market needs to establish a strong local presence without immediate competition.