💬 [E604] Assumes this is the long-term bull case where agents are all on-chain and crypto finally decouples from broader risk assets.

🟢 [E315] AI trade moving from chips to what has a moat that will never be disrupted. Will Walmart still be here in 30 years? Yes. Framed as SaaS vs Walmart multiples.

🟢 [E562] AI trade is moving from chips to 'what has a moat that will never be disrupted.' Will Walmart still be here in 30Y? Yes. Heard this framed as SaaS vs Walmart multiples.

🟢 [E1420] AI trade moving from chips to: what has a moat that will never be disrupted. Will Walmart still exist in 30Y? Yes. Investors shift to hard-to-replicate physical infrastructure that AI will supercharge.