#1533 Jordi Visser | Why Bitcoin Will Hit An ATH This Year
🎯 Summary
Podcast Episode Summary: #1533 Jordi Visser | Why Bitcoin Will Hit An ATH This Year
This 45-minute episode of the Pom Podcast features Anthony Pompliano interviewing macro analyst Jordy Visser to discuss current market dynamics, the future of American exceptionalism, the role of technology (AI/Robotics), and his bullish outlook for Bitcoin.
1. Focus Area
The discussion centered on Macroeconomics and Finance, specifically analyzing the structural changes in the US economy, global debt levels, the impact of geopolitical shifts (like tariffs), the role of technological innovation (AI and robotics), and the resulting implications for traditional asset classes and the cryptocurrency market, with a strong emphasis on Bitcoin.
2. Key Technical Insights
- Liquidity Evaporation: A critical, immediate concern is the rapid evaporation of liquidity across global markets, affecting everything from junk bonds to leveraged loans, suggesting an imminent need for intervention to prevent a rapid economic freeze or depression.
- AI & Embodiment Focus: While the Mag 7 stocks are viewed with skepticism due to valuation, the true innovation growth area lies in the “embodiment side”—specifically memory components (Micron, SK Hynix) necessary for robotics and AI hardware, which are less dependent on immediate US/China trade negotiations than large chip designers.
- Bitcoin as the Decentralized Solution: Bitcoin is positioned as the necessary solution to the weaponization of the US Dollar as the global reserve currency and the inherent risks of a centralized capital stack, offering a decentralized, trust-minimized alternative.
3. Market/Investment Angle
- Bitcoin ATH Prediction: Visser is highly confident that Bitcoin will reach a new All-Time High (ATH) this year, driven by either a resolution (pause/deal) on US/China tariffs or the necessity for the government to inject liquidity to stabilize freezing markets.
- Barbell Strategy Recommended: Investors should adopt a barbell strategy: focusing on “tortoise” plays (resilient, slow-growth sectors like healthcare providers benefiting from AI efficiency, e.g., McKesson, Cardinal Health) and “hare” plays (fast innovation stories like memory/robotics components).
- Energy Sector Discount: Energy stocks are currently undervalued relative to their necessity for the ongoing AI buildout; increased power demand suggests they will be a significant play in the second half of the year.
4. Notable Companies/People
- Jordy Visser: Macro analyst providing the core market thesis.
- Russell Napier: Mentioned for his analysis on the rise of “national capitalism” and the breakdown of global borders.
- Scott Besson: Referenced for comments suggesting the US Treasury is stepping in with liquidity tools, potentially challenging the Fed’s control.
- Micron & SK Hynix: Highlighted as key investments in the memory sector crucial for robotics.
- Bitwise: Mentioned as a sponsor, noted for transparency (publishing wallet addresses) and supporting Bitcoin open-source development.
- FigureMarkets: Mentioned as a sponsor offering Bitcoin/Ethereum-backed loans.
5. Regulatory/Policy Discussion
The conversation heavily touched on policy implications:
- Tariffs: New tariffs on China are seen as a short-term headwind, particularly slowing down the development of humanoid robotics due to reliance on Chinese-sourced actuators.
- Fiscal vs. Monetary Conflict: There is a perceived conflict where the Executive branch (President/Treasury) is pressuring the Federal Reserve to ease policy, with the Treasury potentially using its own tools to inject liquidity if the Fed resists. Visser argues that a surprise Fed rate cut would paradoxically lead to higher long-term yields, suggesting the market should stop focusing on rate cuts as the primary catalyst.
- Loss of Reserve Status: Visser firmly believes the US has already lost its status as the undisputed global reserve currency due to its weaponization via sanctions, leading to a migration toward a multi-polar currency environment, which bolsters the case for Bitcoin.
6. Future Implications
The conversation suggests a near-term future dominated by liquidity intervention (either by the Treasury or due to market freezing) and a longer-term shift toward a decentralized digital economy powered by AI and supported by Bitcoin. This technological abundance is framed as the only viable path to restore hope and affordability for younger generations facing high costs of living.
7. Target Audience
Investment Professionals, Macro Analysts, and Sophisticated Crypto Investors. The discussion requires a foundational understanding of macro indicators (debt-to-GDP, yield curves, liquidity), Fed policy, and the structural arguments for Bitcoin adoption.
🏢 Companies Mentioned
💬 Key Insights
"There's a lot of businesses that I've seen online posting videos... Some portion of them, you start to ask yourself, are you actually kind of a like a ZIRP phenomenon?"
"The economy can absorb some degree of change, uncertainty, disruption, quote-unquote pain. And then at some point people start yelling on call. And I think you're pointing out is bond yields yield first, jobless claims is going to be the second like uncle."
"Donald Trump is the master of something I call the second derivative of speaking. So second derivative in the economy is when you go from 3% growth to 2% growth. So the second derivative is moving down."
"I can see the democratization of entrepreneurship through AI and I can see the democratization of wealth creation through this decentralized network..."
"I believe if the Fed were to cut rates in a surprising fashion, you'd get even higher moves in long-term yields."
"New all-time high by the end of the year? Oh, for Bitcoin? I think absolutely will be at new all-time highs."