The 3 Coins His Multi-Billion Dollar Fund Is Bullish On This Cycle - Tushar Jain | E178

Tushar Jain, Managing Partner at Multicoin Capital, breaks down why he believes the crypto market has already bottomed and is entering a new turning point, walking through his conviction plays on Solana, Hyperliquid, and Zcash. THE SHIFT NEWSLETTER 💡Go beyond the mic - subscribe to The Shift, my new weekly newsletter where I share the uncut stories, raw takes, and behind-the-scenes notes from When Shift Happens: https://www.kevinfollonier.com/crypto... ___________ PARTNERS ⚖️ Variational aggregates liquidity to offer industry-leading depth on crypto, equities, commodities, and more: https://www.variational.io/ 🚀 Jupiter is the most used Decentralized Exchange in Crypto and the largest DEX by volume on Solana: https://jup.ag/ 💳 KAST lets you manage and spend stablecoins or crypto with a Visa Card or Apple Pay. Live in 100+ countries - Get $20 Signup Bonus - https://go.kast.xyz/VqVO/SHIFT - promo code: SHIFT 🔓 Trezor offers the safest cold-storage wallets for crypto and true financial independence. Buy with 10% off - promo code: WSH10 - https://affil.trezor.io/SH12h 🌱 Bitwise Asset Management manages $15B+ across 30+ crypto investment products — ETFs, index funds, alpha, staking, and more. https://bitwiseinvestments.com/ ⚖️ Ethena is a synthetic dollar protocol on Ethereum, offering a crypto-native, non-bank-dependent stablecoin called USDe. It uses a delta-neutral hedging strategy with staked ETH to maintain a $1 peg. https://ethena.fi/ ♾️ Coinsilium provides vital funding and expert advice to Web3 and AI-powered early-stage technology companies. https://www.coinsilium.com ___________ Follow Tushar Jain • Twitter: https://x.com/tushar_jain FOLLOW WHEN SHIFT HAPPENS Twitter (X): https://x.com/KevinWSHPod Instagram:   / kevinfollonier_   TikTok:   / kevinfollonier_   Linkedin:   / kevinfollonier   Website: https://kevinfollonier.com/ DISCLAIMER The info contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal, or tax advice. The content of this video is solely the opinions of the speakers who are not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speakers do not guarantee any particular outcome. Timestamps 0:00 Introduction 1:59 Kast Card Discussion 2:35 How Tushar Can Tell We’re At A Turning Point 3:53 Why Tushar Buys Despite It Feeling Bad 5:20 Buying As An Idiot vs Selling As A Genius 6:09 Has Tushar Changed His Mind On Solana 8:10 Why TradFi Is Issuing On Solana vs HyperLiquid 10:42 Partnerships: @Variational @BitwiseInvest 11:35 Sizing Is An Art Not A Science 13:09 How Tushar Invests In Multiple Big Winners 15:55 Tushar’s Obvious Choice For Investment In 2026 18:35 What Does ZCash Represent To Tushar 21:23 Tushar’s Framework For Investing In ZCash 23:14 Why Tushar Isn’t A Fan Of Micro-Trading 25:36 Tushar’s Framework For Valuing SOL & Hype 30:41 Partnerships: @KASTxyz @Trezor 31:50 When Should Someone Invest In A Volatile Asset 35:21 The 4 Sources Of Edge In Investing 40:10 An Example Of Tushar Using An Edge 42:16 What Ethena Represents For Tushar 44:34 Does Tushar Look At The Founder When Investing 46:06 When Does Tushar Lock In Profits 48:45 Tushar’s Thoughts On Ethereum 50:40 Multicoin’s Co-Founder Leaving Discussion 51:58 Partnerships: @JupiterExchange @Ethena 52:42 Why Tushar Stayed In The Crypto Industry 57:56 Further Thoughts On Zcash Drama & Hype Token 58:54 What Exactly Happened With Zcash 1:04:46 How Long Did It Take To Buy More Zcash 1:07:09 Multicoin’s Report On HyperLiquid Discussion 1:08:51 Why Are Multicoin’s Reports Conservative 1:14:16 Is The Crypto Bottom In 1:16:54 Closing Thoughts