Jordi Visser

At some point, there's a breaking point for me, which is deflation starts to take over.

So when you're in a point where the government is able to print enough money to stop the Jeff Booth kind of, we're fighting against deflation, exponential innovation is deflation, at some point there's no fight.

um and you only get to that point when it's replacing labor now it's also a democratizing thing so i wrote a paper in substack this week about the democratization and i got into the end about how this destroys the capital structure of the world so what i believe we're entering into and the reason software is going down is because anything that can be recreated with ai meaning on code for now

becomes worthless.

It might take 10 years.

It might take one year.

I don't agree with anyone that comes up with an argument that SaaS is fine.

They are in a multiple compression because three years from now, we don't know what's going to happen.

But what we do know is the cost of intelligence.

I pay the same amount of money for Claude as I did a year ago.

but its capabilities are 100, 1,000 times where they were, which means in technology, this deflation is happening rapidly.

The Chinese are offering more models.

So in a world of deflation, all of the code-based assets should go down.

But when you get to deflation, that's when you start to care about hiding.

And the only thing you can hide in is scarcity.

So when you watch my videos, I talk about abundance, that's code, and then scarcity.

We are in the scarcity seeking mode.

Right now it's helped gold, it's helped silver, it's helped the physical things because for the majority of people that own the money in the world, they don't believe in Bitcoin.

The wealthiest people do not believe in Bitcoin.

The only wealthy people that believe in Bitcoin are the ones that made their wealth from Bitcoin.