The Bitcoin Rotation No One Sees Coming | Jordi Visser
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What is the main topic discussed in this episode?
Guess what?
What does Jordi Visser disagree with in Cathie Wood's AI perspective?
There are 7 billion people on the planet who've never been able to partake in capitalism. That is the positive story for Bitcoin. It's going to happen so fast that individuals, companies, governments will not be able to move fast enough.
Why might Big Tech struggle to monetize AI effectively?
And that's what's starting to happen. That's what I'm kind of looking for is that the risk is for the next three weeks. And at that point, maybe Bitcoin is down at 40,000 or maybe it hangs in here and it seems to rotation.
How is AI influencing deflation in the current economy?
What's going on, guys? Today, we've got an amazing conversation with Jordy Visser. We've recorded this live in front of a huge audience, 2,500 people at Bitcoin Investor Week this week.
What should investors do in light of current market conditions?
Now, right before Jordy came on the stage, I was interviewing Cathie Wood, and Cathie was talking about deflation being a big risk. And a lot of the tech stocks or software companies, how she thought that the recent pullback in those stocks was actually something that's just going to be a blip on the radar. Jordy disagreed, and that was the first thing he wanted to talk about when he came on the stage. So here's my conversation with Jordy Visser.
Why is Bitcoin considered a standout in the scarcity trade?
By the way, before you ask me a question, I disagree with half of what Kathy said. So if you want to start there, we can go there.
How can investors leverage AI for a competitive edge?
Trust me, you already have told me that. So I can't wait. Which parts do you disagree with?
Where can listeners find more of Jordi Visser's insights?
We should have had them just like battle it out, you know? It would have been amazing.
No, no, this is really important. And I mean, I vehemently disagree wholeheartedly with this COVID comparison. So for all of you, your portfolios, everything, I will tell you a fact. AI is not a temporary thing. So when I hear someone compare this to COVID, that would mean this is just a panic thing. This is not algorithmic. You know, if you guys have listened to our show, I have been emphatic about the fact that by 2030, most of the S&P 500 companies are going to be disrupted. So I just want you to look up a statement, and this is what I'm going to do on the weekend. Elon Musk has said that AI is a supersonic tsunami. What is happening in the market right now is exactly that. Software names can't catch a bid for a reason.
They're making money. This is not about what they are today. A growth company, and this will all lead into positive things for Bitcoin eventually, so don't worry about it. But when Kathy talks about this being temporary, that is a mistake for everyone who owns software names. This is never going away. There are no winners in terms of winning. The winners are not public companies. So when Kathy tells you there are winners in AI, I don't work for a public company anymore. I don't work for a company. I chose that because the power of AI is for individuals sitting at home. And guess what? There are 7 billion people on the planet who've never been able to partake in capitalism. That is the positive story for Bitcoin.
But everyone has free intelligence now, everybody. So what is going on literally as we sit here? And at a morning meeting today, I said to everyone, 4%. Opus 4.6 came out last week. I didn't have the time last week to spend with it. Guys, it's five times more powerful than Opus 4.5, which is what caused this whole disruption. So we are speeding up at a point where recursive self-improvement is happening as we speak, which means the models are building themselves. So to sit there and think that there is a public company with individuals and friction having worked in it and watched the pantry conversations with people that don't work hard this is over meaning this stuff is real so the market has to digest this it has to go through this and i bring this up because this is not going to change so the hyperscalers are at risk the software companies are at risk not to collapse because they're going to make money but what is happening in the market is they are dealing with the fact that no company now has a moat their businesses are no longer defensible and my attraction to bitcoin was based on my belief
that the only moat that Bitcoin has is what Mike Novogratz said.
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Chapters
8 chapters
1
What is the main topic discussed in this episode?
0:00–0:00
2
What does Jordi Visser disagree with in Cathie Wood's AI perspective?
0:00–0:15
3
Why might Big Tech struggle to monetize AI effectively?
0:15–0:27
4
How is AI influencing deflation in the current economy?
0:27–0:37
5
What should investors do in light of current market conditions?
0:37–0:57
6
Why is Bitcoin considered a standout in the scarcity trade?
0:57–1:03
7
How can investors leverage AI for a competitive edge?
1:03–1:10
8
Where can listeners find more of Jordi Visser's insights?
1:10–21:08
Speakers
2 identifiedMore from The Pomp Podcast
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