Jordi Visser

I will say to everyone, I got sucked into believing in Bitcoin in this theory when I listened to Michael Saylor back in 2021, when he was describing the decision.

And I always say, yes, he did bring up the basing.

He did bring up that the government was going to steal his money by moving rates to zero while inflation was going to go higher.

And he was sitting with money in his bank, in his treasury account.

But he also said he was in this position where he had to make a decision because of exponential innovation.

Because Microsoft had completely destroyed his software business, he could not compete with them anymore.

That is where you have this running of inflation that is incredibly deflationary and it allowed these companies to have a moat.

that they're not gonna have in a world of intelligence.

So hopefully that clears up your question, gets to a better spot.

So this is a great question.

And you got my brain going a bunch of different directions.

So I'll get to the multiple compression part, because that is happening right now.

And I'm gonna show that in the video of the weekend.

And it's, I mean, software companies, multiples collapsing.

But their earnings were at all-time highs.

Watch out below.

But let me go a different direction from where you were going and just think of something that came in.

If you go to a hotel, you will inevitably see physical newspapers that they have there.

Now, in breakfast time, if you go to any one of the big restaurants here or Paris or anywhere else and you grab –

or you walk into the breakfast and you look at the menu, you realize you're gonna have $150 breakfast of eggs and something.