Tariffs sink crypto

Hello and welcome to Alts Cafe

This is everything you need to stay up to date in alternatives.

Highlights from the full issue:

  • Macro: Trump imposed ​25% tariffs​ on Mexico and Canada
  • Real Estate: Paramus, NJ approved 1,000 new housing units
  • Startups: ElevenLabs secured $180 million in Series C
  • Private Credit: Healthcare PE deals ​hit $115 billion​ in 2024
  • Crypto: The SEC approved Bitwise Bitcoin and Ethereum ETF
  • NFTs: Colle AI invested $200 million in AI-powered NFTs
  • Art: A new John Constable sketch is set for auction
  • Vintage Autos: Barrett-Jackson’s auction hit $198 million
  • Coins: Heritage Auctions’ FUN Sale hit $65.4 million
  • Farmland: California farmland values ​plunged 75%
  • Luxury: Prada bought two Milan buildings for €12.5 million
  • Wine, Tequila, and Spirits: D2C wine shipping ​fell​ in 2024
  • Film & Music: Warner Bros. Discovery struck a $1 billion deal
  • Precious Metals: The precious metals index hit record highs
  • Collectibles: Victor Wembanyama’s jersey hit $22,000
  • Websites: tyres.co.uk​ sold for £300,000

Let’s go.

Wyatt

Macro View

Bullish News

Bearish News

What are the odds?

According to Kalshi, there’s a ​93% chance that DJT will impose new tariffs on the EU in 2025​.

Get $10 to play around with using this link.

Real Estate

Bullish News

Bearish News

How to invest in real estate right now:

What is an El Paso hotel to do at this point?

Startups

Bullish News

Bearish News

How to invest in startups right now:

It’s the survival of the funded.

Private Equity and Private Credit

Bullish News

Bearish News

How to invest in PE and Private Credit right now:

How many more studies must we do before deciding PE should stay out of hospitals?

Crypto

Bullish News

Bearish News

How to invest in Crypto right now:

Memes are an asset class now.

NFTs

Bullish News

Bearish News

How to invest in NFTs right now:

Bear market or just bad art?

Artwork

Bullish News

Bearish News

How to invest in Artwork right now:

Tough to imagine spending any real money on AI art.

Vintage Autos

Bullish News

Bearish News

How to invest in Vintage Autos right now:

That’s a helluva sale for the Merc.

Rare Coins

Bullish News

Bearish News

  • Grading service population reports showed biases ​distorting​ accurate coin rarity data.
  • RETNA’s studio contents faced ​disputed auction​ after landlord seized millions in artwork over unpaid rent.

How to invest in Rare Coins right now:

Another week, another opportunity to scour my couch for a $5 million quarter.

Farmland

Bullish News

Bearish News

How to invest in Farmland right now:

Tennessee has hit a dry spell.

Luxury Goods

Bullish News

Bearish News

How to invest in Luxury Goods right now:

Rolex is so back.

Wine, Tequila, and other Spirits

Bullish News

Bearish News

How to invest in Wine and Spirits right now:

A whisky investment has gone sour.

Music and Film

Bullish News

Bearish News

  • Paramount Global ​negotiated​ a lawsuit settlement with President Trump.
  • European composers ​face low royalties​ and unfair contracts from film and TV producers.
  • Superman co-creator Joseph Shuster’s estate ​​sued​ Warner Bros. Discovery.

How to invest in Music and Film right now:

What exactly are these 400,000 compositions?

Metals and Gems

Bullish News

Bearish News

How to invest in Metals and Gems right now:

So, do I have to carry around a phone charger?

Collectibles

Bullish News

  • A Victor Wembanyama’s jersey from a viral swap with a young fan ​reached $22,000​.
  • The global animation collectibles market is projected to reach $25 billion by 2032, growing at a ​CAGR of 9%​.

Bearish News

How to invest in Collectibles right now:

How high should we value the hat of a witch who wanted to kill a girl for her shoes?

Websites and Domains

Bullish News

Bearish News

How to invest in Websites and Domains right now:

Pakistani hackers have been put on notice.

That’s all for this week

Cheers,

Wyatt

Disclosures

  • We hold BTC and ETH in our ​ALTS 1 Fund​.
  • This issue was brought to you by our friends at ​Growth School​.
  • There are a couple of affiliate links above. If you click them, we may get a couple of bucks.

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Author

Picture of Wyatt Cavalier

Wyatt Cavalier

With a background in finance & intelligence analysis, Wyatt has an unhealthy obsession with finding the best blue chip investment opportunities. His previous newsletter, Fractional, resonated deeply with subscribers, bringing actionable insights and unconventional trading strategies. His rare book collection specializes in banned editions. He currently lives in Spain with his beautiful wife, three young boys, and dog Monty.

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