Jordi Visser

that the only moat that Bitcoin has is what Mike Novogratz said.

It is a community-based asset that is built on code, and the game of investing money is a game of musical chairs.

There's a rotation happening, and people are avoiding everything that's built on code.

They're moving it into physical things, which will continue.

because we're in a race to build out the data center.

So I do not want people leaving here thinking they can just go out and buy any technology innovation name because AI is coming for all of them.

And I think it's going to be a long, long road for a lot of these software companies over the course of the next five years trying to deal with this.

Well, there's two problems with this.

And again, Google's gonna get caught up in this as well, even though their model's great and everyone loves them.

In the most recent earnings reports, we had a total of $1.2 trillion of what are called RPOs, which you can think of as liabilities or future orders that hopefully they'll get.

And those are based on building out data centers.

And in this country, we are getting data center cancellations every single day across the country.

You're getting all toxins and stuff that are showing up.

This is gonna be a major story.

uh i think google falls into the same trap the only way they can monetize this is actually to have the ability of letting all these ai agents run on their data centers but they don't have the data centers to handle the flow and the volume we're at the agentic acceleration right now ai agents are working they're running they're going fast and so the only way that they can make the money off it at this point is through the cloud usage and they're not going to have enough cloud usage because they can't get the data center so when you mention google they fall in the same

Micro problem is Microsoft.

The only difference with Microsoft is they actually have something that's usable.

But there's a new problem that also fits in with these companies that people have to understand.

I'm finally using a Chinese model.

I've never done that before.