06 Jan 2026
A lot can happen on a day. Where is my daily review.
An interesting day, ranging from pro-tech developments to strong market reactions. We have to be happy with the market’s performance; we are still living in the aftermath of the Venezuela sentiment, and it has catalyzed an entire era of optimism—even with Maduro pleading not guilty in US court.
Markets are moving positively, with US equities performing well. Venezuelan markets ripped 50% in a single session. Oil prices finally tanked as Trump aligned incentives to push the price down. Bitcoin reacted interestingly: it witnessed a significant portion of long liquidations, pushing price rapidly down, but that dip was rapidly filled with a wave of spot volume.
The market remains positive even on bad news. DOJ prosecutors violated EO 14233 from President Trump by selling $6.3m worth of Bitcoin from the Samourai wallet case. Had this news dropped a few months ago, the market would have reacted aggressively to the downside; today, the market moved up.
The ETH validator entry queue has started moving up again—a good sign for Ethereum, showing stakers are waiting to enter. Crypto funding rates are starting to react. We are in a scenario of positive sentiment, where flows are coming into crypto despite a world of geopolitical tension. Traders are expecting a positive, albeit volatile, market. The options market is currently reacting pro-BTC and pro-volatility.
Institutional moves are rampant: Goldman Sachs shifted from neutral to positive on COIN; Morgan Stanley filed for a BTC ETF; plus, we saw massive inflows yesterday into ETFs across all tokens. The markets are finally moving. Without sellers looking to sell at this stage—no tax arbitrage and no year-end incentives—prices are drifting up. It is also probable that Venezuela has stockpiled assets.
Today, I have a bunch of CES alpha. Dr. Fei-Fei Li announced that mere “compute” is not enough; computation quantity and speed matter. This aligns with Lisa Su, who reaffirmed that we need more than just current compute levels. We are in a world where the economy is aligned with and highly dependent on compute—where GDP is tied to available compute, according to Greg Brockman.
On the other hand, something I find interesting is Robert Playter discussing a risk that every builder faces: consumer and cultural risk. It takes two to three years for customers to get used to having robots in their facility before they are ready to start expanding. This adoption cycle is a red flag for those predicting immediate exponential growth. It delays everything.
Mega trends are relevant, and we are at a stage where we can predict a few: from increases in defense spending (catalyzing defense companies) to the dollar devaluation mega trend. I am making bets by taking these views as the key trends to follow.
Macro has become healthy (apparently). European inflation data came in better than expected—Germany at 1.8% and France at 0.8%. In a world of tariffs and geopolitical tensions, inflation data keeps trending down. Meanwhile, the US has attacked Venezuela and is threatening Greenland, which NATO claims to defend.
A lot of interesting products are going live. Gemini is integrated into Google TV—finally, we can ask questions instead of navigating through boring settings. Smart Lego bricks are making an interesting move to track if customers actually want smart, AI-integrated toys; if yes, the TAM is big.
Of course, Nvidia always has its highlights. This time, it’s a new stack of robot foundation models, focused on creating the default platform for generalist robotics. They also revealed a new architecture that makes Grace Blackwell look outdated already; Vera Rubin’s power is twice as high as Grace Blackwell but doesn’t require water chillers. We are seeing new open-source models and upgrades everywhere. AMD, on another frontier, is expanding to a new processor—faster for multitasking and content creation—aimed at AI-powered personal computers. Additionally, Boston Dynamics partnered with Google to incorporate the DeepMind AI foundational model into Atlas, its humanoid robot.
Uber, after investing in Lucid, has advanced to support 20,000 of the company’s EVs, essentially making the robotaxi an internal Uber product rather than outsourcing it. Gambling keeps growing, with Polymarket expanding into real estate prediction markets, and the memecoin era picking up (again). Pump.fun volumes are at ATHs.
Conversations about public vs. private markets are evolving. While China is opening to a more pro-public market approach, the US keeps massive companies private. However, there are claims that SpaceX, OpenAI, and Anthropic could IPO in 2026, representing a massive flow of wealth to the stock market worth over $2T.
I don’t want to push anyone to do what I say, but a very cool idea is to put “boots on the ground” in areas where the regime is changing. There are many opportunities to catch up and develop in these sectors. Being smart and making the move now can provide opportunities that are not possible otherwise.