The Iran war is shaking global markets as oil prices surge, Bitcoin reacts unexpectedly and investors fear a new recession. In this episode of the NFA Podcast, Nish & Frackers break down the Iran conflict, crypto market volatility, OpenAI’s growing problems and why AI and geopolitics are now colliding.
Michiel and Nish break down why the latest escalation feels different from previous weeks, how the collapse of ceasefire hopes changed sentiment and why analysts now expect much higher fuel prices across the world. They also discuss the strange disconnect between oil, gold, stocks and crypto, with markets behaving in ways that even experienced investors no longer fully understand.
In crypto and AI, the episode dives into another major bridge exploit, Meta re-entering the stablecoin market using Solana and Polygon and growing concerns around insider trading linked to geopolitical events. The discussion then shifts to OpenAI’s legal battle with Elon Musk, rumors that OpenAI missed internal revenue targets and why that could become a major turning point for the entire AI industry. At the same time, Anthropic’s controversial Mythos platform reportedly faces White House scrutiny, showing just how deeply AI has now become tied to geopolitics and national security.
NFA Trading Competition: Frackers is still up
The episode closes with a brutally honest look at the current state of investing. Nish and Michiel compare their trading competition portfolios, discuss why even major tech stocks are struggling despite the AI boom and explain why traditional safe haven logic no longer seems to apply. From Bitcoin and Solana to copper, gold and crude oil, almost every market now appears driven by war headlines and uncertainty rather than fundamentals.
