#1542 Jordi Visser | Bitcoin Could DOUBLE In Price This Year?!
🎯 Summary
Podcast Episode Summary: #1542 Jordi Visser | Bitcoin Could DOUBLE In Price This Year?!
This episode of the Pom Podcast features Anthony Pompliano in conversation with Jordy Visser, a veteran of 30 years on Wall Street. The discussion centers on Visser’s macroeconomic outlook, his analysis of the current monetary global order, and a highly bullish case for Bitcoin, framed through the lens of his unique background in odds assessment, drawing parallels to horse race handicapping.
1. Focus Area
The primary focus is Macroeconomics and Investment Strategy, heavily centered on Bitcoin’s potential performance relative to traditional assets (stocks and gold). Key themes include the resilience of the US economy against recessionary predictions, the impact of corporate capital expenditures (especially in AI), and shifts in global monetary dynamics.
2. Key Technical Insights
- AI CapEx Validation: The massive capital expenditure commitments by tech giants (Meta, Google, etc.) related to AI are proving the market narrative correct, contradicting bearish predictions that these investments would stall.
- Labor Market Resilience: The continued lack of significant job losses, coupled with 4.3% year-over-year income growth, fundamentally undermines the probability of a traditional recession, as consumption (70% of the economy) remains robust.
- Structural Economic Shifts: The economy is structurally different post-2008, characterized by massive government transfer payments ($4.5 trillion, or 15% of the economy) and an aging population offset by immigration, making historical recession models less applicable.
3. Market/Investment Angle
- Recession Narrative is Flawed: Visser argues that betting on known negative narratives (like an impending recession) when market positioning is already low is not where value lies. The data strongly suggests a soft landing or continued growth.
- Sector Rotation Expected: The market is expected to transition away from high-multiple “sexy growth stories” (like the Mag 7) toward sectors that are demonstrably working, such as healthcare, financials, and commodities, as investors seek to meet liabilities.
- Bitcoin’s Outperformance Potential: Due to the failure of traditional growth stocks to significantly outperform interest rates, Visser believes institutions and retail investors will be forced into assets that are working. He significantly increased his year-end price target for Bitcoin, suggesting it could reach new all-time highs by summer, potentially doubling its price this year.
4. Notable Companies/People
- Jordy Visser: Guest, leveraging 30 years of Wall Street experience and a unique “handicapping” approach to odds and value assessment.
- Warren Buffett: Mentioned for his early career in horse race handicapping, drawing a parallel to Visser’s methodology.
- Mag 7 (Mega-Cap Tech): Central to the discussion regarding earnings expectations and future market leadership.
- Bitwise & ZappoBank: Sponsors mentioned, highlighting the growth of regulated Bitcoin ETFs and Bitcoin-backed lending solutions.
5. Regulatory/Policy Discussion
- Tariffs and Inflation: Visser critiques bears for relying on simplistic economic models regarding tariffs (assuming they are purely inflationary) without accounting for behavioral changes, domestic substitution, or supply chain manipulation (e.g., transshipment via Vietnam).
- Global Reserve Currency Risk: There is growing concern among international investors regarding the weaponization of the dollar and sanctions, leading to increased central bank gold accumulation and reduced trust in US Treasuries, which impacts the broader financial system.
6. Future Implications
The conversation points toward a bifurcated market: the stock market may reach new all-time highs driven by sentiment shifts and corporate buybacks, but it will likely be “choppy” and lack broad-based performance. The real lift is expected to come from assets like Bitcoin and commodities, which are demonstrating tangible performance against a backdrop of global monetary uncertainty and structural labor shortages. The need for institutions (like endowments) to meet liabilities will force capital into these high-performing assets.
7. Target Audience
This episode is most valuable for Financial Professionals, Institutional Investors, and Sophisticated Retail Investors interested in macro strategy, asset allocation, and deep dives into the fundamental drivers supporting Bitcoin’s next major price move.
🏢 Companies Mentioned
đź’¬ Key Insights
"The idea is to issue a Bit Bond, which would be a US Treasury with 10% basically backed by Bitcoin."
"So one of the beauties of Bitcoin, it has no value. It literally, and that's why I say it's the S&P 500 of the future capital structure system."
"I just think the mistake people are making is they still view Bitcoin as a currency. It's never going to be a currency. It's not going to be the global reserve currency."
"I said, so one of the beauties of Bitcoin, it has no value. It literally, and that's why I say it's the S&P 500 of the future capital structure system."
"What have I told you, AGI was here in three years and that business was completely disrupted? What have I told you was in four years? What cutoff point is the value of that company go down to zero? Because it is based on the ability to compete."
"really what they're doing is breaking the linkage between the countries on the dollar as the main currency. I don't think that is going to come back again."