SaaS Apocalypse, 18-Month Bear Market & Bitcoin vs Quantum

20 snips

Feb 17, 2026

They debate whether hyperscalers should build or rent AI infrastructure and what that means for data-center landlords. They predict mega-cap tech could swallow SaaS revenue as AI tools move in-house. They discuss a possible 18-month crypto bear market and how to trade value versus momentum. They explain the Bitcoin vs quantum computing risk and potential chain forking as a solution.

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ANECDOTE

Glencore Versus VTL: Asset‑Light Wins

Jonah tells the Glencore to VTL analogy: asset‑heavy midstream firms implode while asset‑light models thrive.
He warns midstream firms that try partial vertical integration often destroy shareholder returns.

INSIGHT

Why Hyperscalers Should Own Data Centers

Midstream compute landlords face rapid depreciation and cyclical returns unlike vertically integrated hyperscalers.
Google, Amazon and Microsoft justify owning data centers because internal demand extracts extra optionality from assets.

INSIGHT

The SaaSpocalypse Benefits Mega Caps

AI will let large tech firms insource many SaaS functions, collapsing revenues for B2B vendors.
Those savings will flow back into mega-cap profits, making mega-cap tech the best trade in current conditions.

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Gm! This week, we dig into the AI infrastructure own-vs-rent debate, why the SaaS apocalypse will benefit mega-cap tech companies, Mike Ippolito’s 18-month crypto bear market prediction, the Bitcoin quantum computing threat and more. Enjoy! – Go follow the new 1000x feed to keep up to date with all new episodes! Spotify: https://bit.ly/4676Sob Apple: https://bit.ly/4etlBMd – Follow Avi: https://x.com/AviFelman Follow Jonah: https://x.com/jvb_xyz Follow 1000x: https://x.com/1000xPod. Join the 1000x Telegram: https://t.me/+fz-2f0cwC6o0MWNh Join us at Digital Asset Summit 2026 in NYC March 24-26th! Use code 1000X200 for $200 OFF! https://blockworks.co/event/digital-asset-summit-nyc-2026 – Kraken offers crypto margin trading to qualified U.S. clients through Kraken Pro. Access up to 10x leverage on supported pairs. Built-in risk tools, unified account experience, and deep liquidity from a platform trusted for over 14 years. Learn more: https://www.kraken.com/en-ca/features/margin-trading. Not investment advice. Crypto trading involves risk of loss and is offered to US customers (excluding NY and ME) through Payward Interactive, Inc. View legal disclosures at kraken.com/legal/disclosures. Availability of margin trading services is subject to certain limitations and eligibility criteria. Trading using margin involves an element of risk and may not be suitable for everyone. Read Kraken's Margin Disclosure Statement to learn more. – Timestamps: (00:00) Intro

(04:14) Own vs Rent And SaaS Apocalypse

(15:33) 18-Month Crypto Bear Market?

(22:04) Prediction Markets vs Crypto

(29:51) 1000x Fam And Playing The Long Game

(37:06) Bitcoin Quantum FUD

(43:50) 1000x Terminal – Disclaimer: Nothing said on 1000x is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Avi, Jonah and our guests may hold positions in the companies, funds, or projects discussed.