Jordi Visser

Software, to me, will not have a significant bounce.

And when I say software, for all the people focused on this, I am buying Palantir this week.

So it has finally got to levels that, for me, I can justify buying it.

I was late to the party, but their earnings were spectacular in terms of what they're saying about their commercial and enterprise business, which fits in with my AI theme.

You should start to see a divergence between the cyber software, the Palantirs of the world on the analytics and the data storage side, and

the enterprise software, the Salesforce.coms, the Adobe's, they should not bounce very much.

If Bitcoin starts to bounce and IGV sits, that means we're starting to see the unwind of the hedges that I believe are put on.

And if there are unwinds in the hedges, that's a good sign to at least change the technical picture for Bitcoin.

So I think for certain, for people who want to ask the question why and come up with the narrative as to this is not the Bitcoin that I thought, all that stuff.

Well, I wrote about that in the silent IPO piece because I do believe if I got into this to avoid what you're describing, avoid the ETFs, avoid government support, really make it a truly decentralized version of the world.

I'd be getting out too, but I'd also be getting out because of concentration in terms of how much my wealth was in it.

So I think all of that has happened.

The one thing about this that has been, you know, I'd say, I don't wanna say interesting, but I would say just, I think people have to step back and look

Bitcoin's going down at a very similar, I'll say less fall than most of the big software names, except for yesterday's fall of 12%.

It had actually been a very orderly, like everyday two to 3%.

And I hate to say that that's orderly, but the reality is we're not getting 50, 60, 70, 80 vol.

You go through what happened, even with the names like Palantir, these names have been bludgeoned.

They've been hit hard.

They're way off their peak as well.

so when you can find again software names the big guys microsoft is under attack and have moves that are very similar i actually look at this less about the reasons why i don't spend a lot of time on the reasons why i don't believe that the stocks in the s p 500 can survive the onslaught from ai that is a belief that i have and so eventually