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Oil & Crypto Trader Jonah van Bourg: Altcoins Going to Zero, Bitcoin Bull Move Is Just Getting Started, and Oil Vol Is Overpriced
Jun 25, 2024
Trader Jonah VanBorg discusses the bullish outlook of Bitcoin, the worthlessness of most altcoins, and the rise of stablecoins in the crypto market. He also shares insights on the oil market, including spare capacity, selling options, bullish distillates, and the prospects of oil refineries. Additionally, he touches on topics like natural gas, uranium, gold, and fiat debasement in relation to Bitcoin.
01:28:53
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Quick takeaways
- Bitcoin viewed as a geopolitical asset facilitating international trade in crisis-hit countries.
- Altcoins scrutinized for lacking genuine economic value, advocating for revenue-based tokens.
Deep dives
Jonah VanBorg's Diverse Trading Journey
Jonah VanBorg shares his career evolution from starting at Lehman Brothers in CDS trading to oil trading at Goldman Sachs and VTOL, leading him to cryptocurrency trading at Cumberland. He highlights the transition to running trading at Cumberland, focusing on the shift of crypto resembling a commodity.
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