Jordi Visser

That's the societal thing that has me focused on Bitcoin because I believe capitalism is ending.

And people don't want to hear that, but I believe it's ending because artificial intelligence and Marc Andreessen talks about this.

This is the most unbelievable technology investment scene I've seen, but...

The competition is intense and the ability of getting a moat around your business is impossible.

You need more storage.

You need more places to run these things.

The hyperscalers need data centers to supply that.

There is a bottleneck that is happening.

So the companies, in my opinion, that are going to work this year,

I don't think at this point, I mean, things could change.

I don't think they're going to change much, but there's no way to get around the fact that inflation has been far lower than people thought.

And then when you add in, and this is an important part for where we are today, I think people just, they've got short memories.

Most economists were calling for a recession.

Great depression.

Yeah.

And they were calling for stagflation at the best case, meaning, well, we're going to have a lower growth and we're going to have inflation running on the high side because tariffs are going to go through.

Well, both of those were not only wrong, they were wrong in a way that, and I wrote about this this week, I basically said capitalism is effectively fractured and ending.

And what I meant by that, as you read through it, is we are having 4% GDP, the last two quarters that we have GDP numbers for,

combined were over four percent nominal gdp in q3 was annualized at eight percent and during those six months we created zero jobs and today we got the payroll number but again it's you know it's it's low numbers and we revised down more than we created this month from prior months so

There's no way to refute the fact that the labor market is soft.