Jordi Visser

So in the basics of what the government will do, there's lots of companies that are going to make money.

And in the case of the hyperscalers, what we're talking about now is not the S&P 500 not making money.

We're actually talking about multiple compression, meaning they're moving the multiple of the market down.

And the reason they're doing that is

is because every industry is now under attack as to whether their business is actually

defendable against this side.

Normally that takes a long time.

So one thing I do believe is that you'll get a panic.

The hyperscalers are the most important thing.

When I say the hyperscalers, this is not Tesla, this is not Nvidia, this is not Apple.

This is the four companies spending $650 billion this year.

This is Meta, this is Microsoft, this is Amazon, this is Google.

They're spending $650 billion this year.

If they don't get the revenues in, then what happens is their equity has to go down, and their equity has to go down from a cap structure basis.

Now, again, they're making revenues over 15%, so this is not some bad story.

They have the capital to do this, but they become the line in the sand for everything.

My gut tells me if anything bad is gonna happen, it's gonna happen in the next month or two, and the reason I say that is because the condition of mutual funds and hedge funds in trying to reposition for this, and the reason they reposition quickly

So the beauty of the way I think about Bitcoin in this scenario, so I'm hoping it gets flushed with everything else and all of you should hear too.

This is a temporary thing and it's been matched up with SaaS.

I'd be more worried about Bitcoin if SaaS was going higher and Bitcoin was going down.