What’s Actually Happening To Bitcoin & The Economy Right Now | Jordi Visser
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What is the main topic discussed in this episode?
Bitcoin is a scarcity asset.
Why are current markets so hard to read?
Remember, the theme has been long scarcity, short abundance. That trade has made a lot of money this year for people. I know it because people still want to see me when I go out on the road. If it didn't work, they wouldn't want to see me. And I think we're only in the early stages of it. And Bitcoin will be part of it, just like oil has been part of it. And I warned about oil for a year.
How does inflation impact economic signals?
It took a little while. We finally got there. The Fed's going to be in decision making. Remember, that's all the Bitcoin people need.
What's going on, guys? Today, we've got a great conversation with Jordy Visser. In this one, we talk about what's happening with the Iran war. Oil and gas prices are going higher. The labor market's throwing off some shaky signs and investors are confused.
What role does AI play in changing business and investing?
What exactly is going on? Should I be bullish, bearish? Should I protect my capital or should I go risk on? Jordy's here to answer that question. On top of that, we obviously talk about artificial intelligence and all of the different breakthroughs. And then we give some specific examples from this week that have come out of how people are using this to make real money, build real companies, and actually figure out that it's not just a bunch of hype, but people are using this to strip out inefficiencies in their personal life and in their businesses. And it's pretty cool to see. Here's my latest conversation with Jordy Visser. I hope you guys enjoy it. All right, Jordy, I think people are just confused.
What are the implications of geopolitical tensions on the economy?
I'm confused to a degree, right? There's a bunch of data points that if you look at on an isolated basis, I look at data point A. Wow, the market is recovering this week. That's really bullish. Then I look at energy prices and, hey, that's going up. That should create inflation. That's a negative signal. How do you evaluate a market where there are different signals, positive and negative? And it's really just confusing investors.
What risks are associated with private credit?
And that's why you get so much heated debate online as to like, are we going to go up? Are we going to go down? Are we going to be okay or not?
So first of all, the belief that I always have that everyone always should is the market knows more than any person.
What are the security risks related to AI technologies?
So we sit here, we talk about things, I talk about it. But my number one gauge for everything about what the future is going to be is what the market is telling me. I don't believe, like when everyone was saying, the market's wrong about software. The market's wrong about private equity.
How is bitcoin positioned as a scarcity asset?
I hear that repeatedly. Those people are wrong. They're making a big mistake. Now, I can create a narrative and say that AI disruption will wrecked the terminal value of a software company because now you have to price them differently. That's a narrative for me. Now, I believe it. And I believe it more when I don't hear people admitting that who don't use AI because their value doesn't go. So I told you my father trained me in handicapping. Another thing he trained me of is he said, you're going to get better odds on the horses if you go to Pompano Racetrack in Florida, where it's mainly betters who are not as sharp as they are at the Meadowlands or at a New York racetrack where professional gamblers are going there.
If professional gamblers make up 30% of the betting pool of a track, and down in Florida it's mainly tourists and old people just going out to have a good night, The reason gamblers don't go there is because there's not enough money to bet. You'd impact the odds. But he took me to both tracks. The reason I bring that up is that's the way the market kind of goes. So the reason I use sentiment from people is go, what do you think about AI disrupting software? That's not right. Even when really smart people who are in the public know, who say this is just like the dot-com bubble, who are tech people, I don't say they don't know anything about AI. I know they don't use it because I asked them. There's a usage thing with AI.
So I think the confusion for the market has to be thought about here in the context of the market is discounting the future.
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Chapters
8 chapters
1
What is the main topic discussed in this episode?
0:00–0:02
2
Why are current markets so hard to read?
0:02–0:20
3
How does inflation impact economic signals?
0:20–0:36
4
What role does AI play in changing business and investing?
0:36–1:07
5
What are the implications of geopolitical tensions on the economy?
1:07–1:27
6
What risks are associated with private credit?
1:27–1:42
7
What are the security risks related to AI technologies?
1:42–1:57
8
How is bitcoin positioned as a scarcity asset?
1:57–45:07
Speakers
3 identifiedMore from The Pomp Podcast
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