Has Bitcoin Bottomed? Jordi Visser on AI, Inflation, and Moats

“I'll put my neck out on the line here and say that the next time I see you, Bitcoin will be significantly higher. ... I believe we've had a massive distribution of which makes sense. And I think eventually when it when it breaks higher this time, I don't think it's gonna stop.”

“Anything that was created on code in the digital economy has been getting killed. Salesforce.com, Adobe, all of these things which had moats around their businesses were quickly unwound. ... I think we're in the stage, the, I think, the most important stage for Bitcoin where it no longer is considered a software, a piece of of code. It is considered something that is scarce.”

“What AI is is the ability for a company to fire people and still have the ability to make growth. So it becomes at the expense of labor. ... QE is gonna be for companies that exist, an ability for them to get rid of people in the form of AI. So if they can replace every person with a bot, that's great.”

“After we get through the next CPI print in early May, it will be 3.6 or higher. So we're not far from four. And the following month, I think what rolls off is either a zero or a point one, which means all you'd need is the kick in from inflation, from plastics, from diesel. I mean, this country, anything shipped to you is on a truck.”

“I've said to people my view is that we'll look back ten years from now and the S&P 500 will probably be around the same level it is now. ... but right now the S&P 500 market cap is more than two times the size of the economy, a record going back all the way to the Great Depression. I'm not saying that's speculation. I'm saying that private sector has suffered dramatically.”

“Every week every week, it starts with a gigantic Gemini produced or or nano banana produced visual of scarcity and abundance. Everyone who's watched it knows. It's like get out of anything that is abundant and only be invested in things that are scarce. That's it.”