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Coin Stories with Natalie Brunell
Jordi Visser: The Macro Case for Bitcoin Has Never Been Stronger
00:36:35
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- [00:00]
Jordi Visser
You have to get in your head, we are not the top of the food chain anymore. That is a huge transition that a super intelligent being that is physically stronger and smarter than the smartest person who's ever lived will be here in five years. And this is the point where Michael Saylor and I agree on this. At some point, the world has been about the opposite of scarcity. Economics is based on scarcity. We need scarce assets. We need things that actually have it because we can print everything with artificial intelligence, Picassos, whatever we want. So that just means Bitcoin is the best opportunity, not because it's the best asset, but because. Because it's the one that doesn't get destroyed by AI. I think by the end of this year, people are going to be looking around going, it's the best growth asset in the world and that's a good thing.
- [00:45]
Natalie
Jordi Visser back in the house. You know, Jordi, everyone loved our last interview. You have a huge fan following in my audience.
- [00:51]
Jordi Visser
It takes two to tango.
- [00:54]
Natalie
I loved our chat and I feel like so much has happened since then. So let's start with macro because I'm actually fascinated with all the moving pieces and I would actually love to know from you, do you think that there's some sort of strategic plan in place and our leaders know what they're doing, or do you think it's incompetence all around us and they're sort of making a decision and then reacting to it, especially when it doesn't go maybe as planned?
- [01:20]
Jordi Visser
I think they have a plan. I don't think the plan is going as thought. There's no way that the problems that are happening in the energy complex right now, as an example where thought of as a good idea. Did they know the consequences? Yes. But I think with every decision that any leader makes, including a complicated one of doing things related to war, there is the precedent of how good other elements of decisions like this went, like Venezuela and Mexico and the Panama Canal and places even Greenland for, as an example. So I think this one probably got a little bit out of order and it's much, much worse under the surface than people realize because it's a very hard one to wheel back. And that's what we're starting to learn. And I think that's what the macro environment speaking to people over the course of the last four weeks, it went from, well, this will just end the way the tariffs did. Okay. I still think it's going to end with the tariffs. See, here's my example. And then by the middle of last week, week three, I think people started to worry that maybe even if it did turn back, the damage was so severe. And now as we go into the next week, I think people are realizing that the lasting effects of this will be at least for the next three to six months.
- [02:37]
Natalie
Well, you're right. There seems to be this consensus that we could end the war quickly, the Strait of Hormuz would open back up, but that's not happening. And so the confusing part for me has been following a lot of the brilliant macro analysts, including you out there, and it's like, we are not in a position to waste a bunch of munitions. We need rare earths that we depend on China for. So how are we waltzing into what potentially could be this global conflict that lasts months or years when we can't afford to do that?
- [03:06]
Jordi Visser
So let's calm it down a little bit and give some perspective on what you just said, because I think it's an important comment. So rare earth was the, the chip that China played last year, and they flipped the card and said, okay, we'll just shut the world down with rare earth, okay? So that everyone in the globe realized that that was a risk. Now that China controlled the world's rare earth before then, no one had talked about it. The Panama Canal, Venezuela, both involve important parts of the energy sector. One, from a transportation basis, and making sure that the us, that was something that happened that Trump made sure was going to happen. And now you have Greenland, which is a rare earth situation. You have Iran. What is happening right now is Asia is realizing that they're dependent on oil that needs to go through the Strait of Hormuz, which was always known. But the US is energy surplus is huge. And so if you want to go at the weakness and negotiate into something, I do think there's an element of this, forget 3D chess or whatever you want to call it. I do think there's an element that controlling the energy market, or at least showing how much it's in the US's hands, is very important because China does have to get them through ships going through there. So I think people need to understand there was something here that was probably more related to the rare earth. And there was a plan that wasn't just, let's get this going. Second thing, I know in the moment, everyone gets like, this will never end. It will end at some point and it will take time for inflation to come back down. But I think at the end, when we get three months forward from here, inflation's going to be high. It'll be about 4% in the US year over year again and probably closer to 5 based on how long things have gone. We will get to the second half of the year and things will start to come down again in my opinion.
- [05:02]
Natalie
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- [06:49]
Jordi Visser
It does. I mean helium is very important for the semiconductor industry. So there's an important part of it that if this lasts for a long period of of time, it's an issue. It definitely helps us because Qatar, which is the the right around the same as us, we control. The two of us control almost 70% of the helium market in the world. And this, this plant, Ross Lafon, was taken down and Iran hit it.
- [07:15]
Natalie
Yeah.
- [07:16]
Jordi Visser
So it's going to be offline for a while. They're not going to be able to get up to full capacity. Same thing goes for lng. And all of these things do help the US from an export perspective. So there is an element of this that was not maybe necessarily thought of by the US but it's certainly become this issue. So I do think from that basis, we will see some benefits in the energy sector. I don't think the helium issue is going to be a major issue because there seems to be a lot of inventories. But I do think there's a chance that the semiconductor industry could be in a position where production numbers have to come down.
- [07:46]
Natalie
Why has it been so hard for us to get them to open the Strait of Hormuza?
- [07:53]
Jordi Visser
Well, this is, I mean, the answer. No one's going to know for sure, especially in a country where we don't know who the leader is at this point. But if you were running a country and you had run it a certain way, the only way to stay in leadership is probably to keep the straight and make it as painful as you can for the people that are fighting against you. Every day that this goes on, the pressure goes on Donald Trump because midterm elections are impacted and gas at the pump is up to $4. And in some parts of the country, like California, it's up near 7. So the pressure does they have the ability to keep this closed for very little money. They can just send drones over, they can have mines out there. They're very difficult to deal with. And they've been able to get oil to India and oil to China to some degree. So I think this is their way of showing that don't do this again, because we can do this at any point. And if we did learn something, which the military has always been worried about, it doesn't take much to shut it down a period of time, and that has huge implications. So if you need a weapon or a threat to say, don't ever do this again, I think that's why the Strait is still shut.
- [09:02]
Natalie
Do you worry that this will escalate into something with, like, boots on the ground?
- [09:07]
Jordi Visser
I think we're getting closer to that, unfortunately, in some, in some way, I. Based on the number of military and what the geopolitical people that are far, far, far more stewed on this situation than I am, they believe it increases every day. If there's not something that gets this done because they're putting pressure on the administration to make a decision here. And I think it's likely that at some point there's boots on the ground. I don't think it's going to be going in to do a lot of work. I think it's going to be mainly to try and help open the strait in some way. I just don't know if they have a plan for this that can work.
- [09:44]
Natalie
But won't this all put a lot of pressure on the US treasury market and something we can't afford to dysfunction right now?
- [09:50]
Jordi Visser
Yeah, to be honest, it's actually been acting fairly tame given the amount of issue that's happening and how much inflation expectations have gone higher. I mean inflation expectations for this year based on tips were down around 2 and change percent are now up at 5, 10 year rates have only gone up 40 basis points.
- [10:09]
Natalie
Surprising.
- [10:10]
Jordi Visser
Yes. Two year rates have gone up a little bit more. So it's been happening more on the front end because they're now saying the Fed's not going to cut rates. But the back end has actually been fairly contained, which is definitely a little bit surprising. I think a lot of people are scratching their head and other than the fact that a lot of hedge funds have had a very hard time this month and maybe there was positioning where people were very negative on them and they've been closing those positions, I do think the longer we sit here, the more the risk that that happens. But so far it's been contained.
- [10:39]
Natalie
Well, how do you position for things like this as an investor? Because we've seen so much volatility right now. Bitcoin's ticking back up and gold is suddenly underperforming. I think that there's just so much chaos when it comes to the markets and a lot of people are sitting in cash waiting for it to dip even more so they can buy in. How do you see it?
- [10:59]
Jordi Visser
Okay, so this is. I live my world in AI and everything that I'm doing for people that I've known a long time on the Wall street side. My message to them is very clear. Before Iran happened, software stocks had collapsed. The disruption from AI was becoming a real thing. I'm not sure you and I talked about this last time, so I'll include it here and then you can go whatever direction you want. But software falls and then financial stocks fall. And financial stocks fall because they have debt related to software. AI is a very disruptive force and it is creating uncertainty for all investments. Out three years I've written So many papers in my substack over the course of the last year and a half of doing this, but even before this, that the number one time when people should be looking for bitcoin to finally get what it deserves. And what it deserves is money from traditional investors who are increasing their bitcoin allocation from 0 to 1, 2, 3, 4, 5. We all know that's the end game. Okay, well, for that to happen, no one's going to wake up and go, I like the story of bitcoin. I think we've learned at this point you can write as many books as you want and eventually they'll read them. But right now they have a very simple thing. When do people eat food they don't like? If they don't have any other food? They have plenty of alternatives to bitcoin to make money. And at the end of the day, people invest to make money. And so a store of value is a very funny phrase. A home is a store of value. Not just gold, like everything. You put money into something and then you hope in the future, when you need it, it'll be worth something. Thing I believe when software stocks fell, Bitcoin fell with it. I thought bitcoin would be much higher last year, but I also didn't think software would collapse. Software collapsed because the disruption from AI became real. I think the greatest thing for bitcoin is I don't think software is investable again, ever. And so those are growth assets and bitcoin is a growth asset. Meaning I'm betting that in the future this will be worth more money. With commodities, those are cyclical. I believe silver is going higher. But then eventually, you know, at some point it goes back down again. That's not what I see in bitcoin. And I always believe that eventually the investors of the world will be forced in their growth bucket to go, well, I need to have some money there because it's working. So by the end of this year, I think what'll happen is we will get to the market and earnings are still good. The economy's fine, even with inflation going higher and this little point in oil, eventually it'll roll back down and the AI trade will continue. And at that point, when we get the next leg of the equity market finding a bid, which I think will happen sometime probably, I think the lows and the sentiment will be the worst by May. And then I think we're going to start this up. Bitcoin has done very well. So that is my, my optimistic story is I think by the End of this year, people are going to be looking around going, it's the best growth asset in the world. And that's a good thing.
- [13:52]
Natalie
Can you lay out more of your views of how artificial intelligence is really disrupting technology industries and the labor market as well? Because I know a lot of people are nervous about that. And we see these massive layoffs from huge companies and their stock just shoots up. But ultimately, like, what are these people going to do for work?
- [14:12]
Jordi Visser
Nobody's losing jobs yet. So. And when I say nobody, there are people that are losing jobs and then they go out and they get another job. There's been a hiring problem in the country. There has not been a firing problem yet. We have zero job creation over the last 12 months.
- [14:27]
Natalie
Yeah, Powell said that recently.
- [14:28]
Jordi Visser
Yeah. And that's what it is. It's zero. If you want to be a nurse or you want to be in the health care field, we still have a labor shortage and that those job creations are every month. If you want to be an accountant, you're fighting against artificial intelligence. If you want to be a truck driver, you're not fighting against artificial intelligence yet. The problem is, over time, I do think there's going to be a problem with the labor market. But here's the thing. People have to realize that there's a lot of people that retire every year relative to people to replace them. So we have a demographic issue where we don't have a lot of replacement of labor. We don't have immigration anymore. So the problem is we don't have jobs. So if you have kids and you want to put your kids in daycare, it's not easy if you want to put them in school. Like, you hear these problems from everyone across, especially in the urban areas. It's very, very challenging and it's only gotten harder. So I don't want people to think that AI is this incredibly potent for force that is disrupting everything. It is taking jobs. But the media also makes it seem like a lot of people are losing jobs right now. We kind of have all these moving factors. I think the pressure will be there. But I do think the disruption that happened is real.
- [15:40]
Natalie
Well, I do think more of the risk is in the white collar jobs. Right. In the same way that blue collar jobs were disrupted when manufacturing went over to China and overseas a couple decades ago. Now it's really some of these white collar jobs at risk and the money's flowing more into the real world things. Right. Like the H Vac companies and the electricians and the trades that you can't just kind of sit there on a computer or print out of thin air. Do you agree with that?
- [16:07]
Jordi Visser
Yeah. So let's use you and I. So I graduated with a finance and economics major and you graduated with journalism. Okay. So if both of us lost a job and we had to make money and the only opportunity was to work as an electrician or an H vac or at Whole Foods, well, we spent all this time getting a college education studying this field that we clearly are passionate about. We wanted to do, but we're no longer able to do that. But we have a job and we're making some money. That, in my opinion, is kind of the way the country is. People are being forced into jobs they don't want. And that is the problem with AI is I think it's a displacement where people don't, they don't get to end up in something that they thought about and they put all this time and effort in. And I hear that repeatedly, especially where I live, where people that are in their 20s, even early 30s, they're now being displaced and like, what do I do now? And this is for lawyers, this is for everything. So I do think it's a psychological thing. There are jobs out there, but if you're making a job where you have a limit and you were thinking you were going to make a lot of money and you're not in your passionate place anymore, I think it's psychological. That's really, really damaging for the country at this point.
- [17:16]
Natalie
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- [20:04]
Jordi Visser
Well, I have three daughters and they're in the healthcare field, which is good and bad. They have a limit in terms of how much money they can make. Luckily they have a father that can help them out. But not everyone has that. It's not good for society, it's not good for the women, it's not good for anyone. Now here's the side. So there is another choice. So the reason I spend so much time on artificial intelligence, I would say the number one job guarantee at this point is a person who knows how to use AI.
- [20:34]
Natalie
Agree.
- [20:34]
Jordi Visser
And that's where I think I do the videos, I do the interviews, and I always say the same message, which is, I genuinely care about young people being able to thrive because the country will be better off if everyone knows how to use artificial intelligence. It will speed up the benefit that comes, which is a reduction in cost of things. The more people that are using it, the more that they can be entrepreneurs on their own, and then they have a global marketplace that they can do things. So I think the problem is the world and the borders of it are rapidly coming down. You have an ability. I mean, I'm going to talk to people this week. Matt is going to talk to me. I want my podcast that I do each week, my YouTube, to be in Chinese, because I have a lot of people in China that have reached out and said they like what I'm doing, they'd love to see more of it, but they want it in a different language. So I'm treating the world as one place that artificial intelligence and content and things allow you to do. You have a book? No reason you can't issue it in Chinese as well, right?
- [21:36]
Natalie
No. And I like those types of viewpoints that see this technology ultimately in a more optimistic light. And within the bitcoin space and X where we reside a lot, I feel like everyone's an expert in AI, but when you. When you venture out into the world, a lot of people aren't, or they haven't even used some of these tools, or maybe they're using them in a way that's like very, very surface level. But can you share just, like, how deep this goes? Like, how much AI will be able to help all of us if we learn how to use these platforms?
- [22:04]
Jordi Visser
Well, first of all, for people who like learning, I mean, everyone at some point has been asked the question, if you had one chance to be at a dinner with anyone you want, who would it be? And I always joke and say I do that every day. I literally will go on a walk and I'll have a conversation with AI about a topic that I want to learn something more about. I love to cook, I love to build things, I love to create things. I do it all day long and the tools are getting better and my cost is not changing. So it's one of those things that, as you spend the time with it, I do believe it changes your life if you spend the time and incorporate it into what you do. Everything, your health, cooking. Like, if I broke down and said, well, here are the common threads between all of us, let's assume you just Want to be healthy, Spend time asking questions, keeping a log of what you do each day, find out what its opinion is on what you could change. If you want to have a certain goal, that's what it's really good at. The hard part for people is just picking it up and doing it. But I think that goes with anything, including cooking. I live in a building with a lot of people that are on the younger side. The amount of doordash bags outside the door, and I just shake my head as I walk down, like, guys, you can cook food. It'll save you money. It'll make you feel different. But they don't do it yet.
- [23:12]
Natalie
I know. Well, these AI platforms are very expensive. Like, I think to get the most bang out of your buck, you have to go to that highest tier. That adds up really quickly. In the same way that now we all have, like, Netflix, hbo, Hulu, all of it. Do you think those costs will ever come down?
- [23:28]
Jordi Visser
They will. Here's what I'll say. The $20 version is very, very good for people that are starting out. Yeah, sure. And then you're right. Go give up your Netflix and go find a way to hack into it. After you use AI and ask it how you can get your Netflix for free. All kinds of creative things you can come up with. I mean, my son, every time I go over there, he's watching whatever movie is in the theaters, and he's on some website in Russia or Ukraine where he's just got access to every single thing. So if you're on AI, you can figure a lot of things out that maybe they don't want you to know about, but I think it's a better value than watching Netflix.
- [24:04]
Natalie
Honestly, when will we see more of an intersection between AI and bitcoin?
- [24:10]
Jordi Visser
Okay, this is already happening. You and I haven't talked, so I view right now three points. Three parts of crypto. Stablecoins, Ethereum, and Bitcoin. Bitcoin, to me, is the end result of when the money comes into the environment. Let's assume there were only those three situations. No other tokens, no altcoins, nothing. Just those three. And you have this other world, which is the fiat, where we're all this money, $800 trillion sits, and inside this little tiny thing of these three things, we're dealing with $2 trillion. Well, we need that money to come over here. Stablecoins are the bridge between the two. The volumes are happening. They're massive. So stablecoin volume in January was $11 trillion last year, I believe it was 33 trillion. The network effects are happening and that means that there's more money exchanging. The guardrails are going up and think transactions are happening. What crypto needs is speed, and that's what it's based on. It needs AI agents, it needs more robots consuming than people. Now robots will be the interface because we'll be on our phone and we'll say, hey, go buy me this or go do whatever, figure out how to do this. And that'll be happening more and more every day. As that happens, more money will be going into crypto two ways. One is it'll be going through the guardrails, but Ethereum will obviously benefit from the volume, as you'll start to see people invest from over here. The great thing about Ethereum is it is really the gateway investment for the hedge fund world. The hedge funds will invest in Ethereum because they can turn it into a discounted cash flow. They can go through what they're getting in yield and all of this different stuff. You can't do that with Bitcoin. Where Bitcoin benefits is just the ecosystem grows as more money comes from one side in. Even if it starts in Ethereum or it starts in Stablecoin, the more wallets, the more stablecoin, the more volumes. Eventually it just starts to feed in and then because. Because it's the asset that if people want to bet on the asset. I don't know a single pension fund that I've talked to that asked me about Ethereum, but they all asked me about Bitcoin. So if you want to go invest in the space, even if Ethereum is leading the way, Bitcoin will benefit. If Bitcoin's winning and Stablecoins are winning, then Ethereum is going to benefit as well. So that's how it's going to happen is AI agents are going to start bringing more and more volume into the space.
- [26:20]
Natalie
Yeah, I agree with you. Every time I've asked an AI platform which form of money it would prefer to hold or transfer, it comes up with Bitcoin. I know stablecoins sometimes come up too, but as far as Bitcoin adoption, I would love to get your take on sort of where we're at, because the last time we spoke, you talked about your article, the IPO moment. One thing that I think has just been surprising, a little disappointing, is how few retail investors have become as passionate about Bitcoin as I feel like I saw them becoming in 2021. Like there was this euphoria. I remember going to my first bitcoin conference. People were excited, they were excited about spot Bitcoin and the idea of self custody. And today, sure, we're getting a ton of inflows into ETFs and I think wealth advisors will continue to increase allocations. But I don't see that same excitement about what Bitcoin really is. And do you think that we will get that or is that behind us?
- [27:16]
Jordi Visser
Come on, Natalie, you know what drives this? Higher prices bring in enthusiasm, higher prices bring in the trading community. Bitcoin is very much an energy asset and the energy in the community is very low. But the energy in the software community is very low. I mean, Nvidia, Meta, Microsoft, I go through the entire magnificent seven, every single one of them as of when I came over here to see you, is down at least 15% year to date. So with Bitcoin it's kind of hanging around 68 to 72,000. While all of these other names that people own significantly in their portfolio are going down. The part I disagree with you on, you mentioned the ETFs. The ETFs are very important. We still have money flowing into them into a bear market. That's good because that means they're increasing their allocation. The one thing about private wealth managers that not enough people give credit for, they will allocate more money into things that have fallen down. At this point, I, I literally can't say this enough for people to accept. You need software and growth assets to not work. Bitcoin at the end of the day has a narrative about growth. We invest in it because it could be a trillion dollars. I believe it. Okay, well, it's only 70,000. I don't believe Microsoft is going to go up that much. I don't believe Google's going to go up that much. They already did that. It's very hard for people to find assets that will do that now. And so when you're looking for an asset that can give the returns you need, and I highly recommend people understand that a pension fund needs to make returns, their liabilities grow every year, especially if people live longer. So when you've heard people talk about extension of life, which is a part of AI as well, you need more long duration assets in your portfolio. And private credit's not working, private equity is not working, VC is not working, software is not working and I think AI is disrupting all of them. So I really, I say this with not just enthusiasm. I believed that this would happen at some point. I just didn't believe in the manner that it would happen. But I thought software would go sideways while bitcoin would go higher. Instead, software fell violently. Bitcoin went with it as a direct overlay. But now coming out of this, I think we're already starting to see the signs that it's going to outperform that. And when things really get good and the energy is good, all of those retail people that you like to see that are going to buy your book, they are going to be enthusiastic and full of energy again.
- [29:36]
Natalie
Well, so I'm sure you agree that eventually we'll have a billion bitcoiners, right? But how do you think that group will be broken down in terms of ownership? Like, do you think that a majority will own spot bitcoin? Do you think that they will own the ETFs? Because I do have a lot of people in my audience in particular frustrated that Bitcoin was supposed to disintermediate the banks. And yet now it's like the banks and Bitcoin and the state sort of locking hands.
- [30:04]
Jordi Visser
I think there will be a fairly high percentage of them that'll be spot bitcoin. The reason I believe this, and this is another positive that's going to happen to bitcoin this year. I'm so sick of the quantum is going to break bitcoin thing. And this will be the year that that ends forever. And the reason it'll end forever this year is because agent swarms are going to break the ridiculous security that banks have. And this is the issue that will pop up. There will be hackings this year because of openclaw and the ability for people to create all these AI agents, to literally send billions of them to break into stuff. Once that happens, every single bank will have to move to cryptography to some degree. They're going to have to go to more security, that bitcoin is a better security place. And so if you have your money stashed and it's in a bank account in JP Morgan or whatever bank you want, you are at risk for a hacking. And then you can hope that the government's going to give you money. But we learned with Silicon Valley bank, that's not so easy if everyone takes their money out. So I've lived in this world where I think there's so many positive things that are going to happen with Bitcoin. And I do think spot bitcoin for people rather than the ETF will become important. And I think it'll be easier for people to do because then you're even More secure against Quantum. If you don't have all your money sitting in an ETF and you have some the of it's sitting in something more secure, that'll get easier and easier and easier to do over time.
- [31:29]
Natalie
So over the next maybe 12 months to two years, where do you see the most risk and where do you see the most opportunity?
- [31:39]
Jordi Visser
Risk with what?
- [31:40]
Natalie
I mean, it could be markets and investing or it could be more like the geopolitical risk. Like us, you know, fourth turning World War iii. I don't know. It could be anything.
- [31:49]
Jordi Visser
So if I had to pick one risk that I think is rising as a possibility, it would be the China Taiwan situation, which would be incredibly disruptive to the world. I don't think it's going to happen. And I wouldn't even put it as a percentage that matters. I think that is the risk. Because once that decision, if it's ever made, it's very disruptive. And this would be a. We have rare earth, okay? We have energy, okay, we have all the semis. So it's this weird thing that would kind of set the world. And I don't want to say World War iii, but I do want to say it would set the world back significantly. And that's always the risk that happens. The Great Depression was about all of those types of things. But really, in my opinion, and studying economics, it just set the world backwards. You don't want the world to go backwards. And I think, I think because of the Great Depression, China and the US both realize that anything that would put us back into that situation is not what people voted for. And they don't want to go to war and they don't want to do these things. So I don't believe it's going to happen. But you asked me the question. That would be my biggest risk.
- [33:01]
Natalie
What about opportunity?
- [33:05]
Jordi Visser
I'm not saying this because I'm sitting here with you. I'm not saying this because you wrote a book on this. There's a reason why I decided not to work in the FIAT world. There's a reason why I spend my time with the bitcoin community. I've written a paper about the best macro trade I've ever seen in risk reward. So everyone has read the IPO piece, which I still subscribe to and believe that we're going through it, but the one that was more important for me. I have always spent my time thinking about what the future is going to look like. I don't see a world with the speed happening in artificial intelligence, with AI Agents with humanoids with everything, and us still being on the guardrails of settling a check in days. That doesn't make any sense. The speed of the world is accelerating dramatically. And since November or late November, it's accelerated significantly. And for people who don't follow AI, close enough. Opus 4.5 changed the world. It accelerated artificial intelligence to the way that you're now seeing it, to the point that it disrupted all of these companies. Not just software companies, financial companies, trucking companies. You've heard all the stories that will continue to happen. And eventually humanoids will do the same thing to manufacturing companies and Caterpillar. And all this because humanoids change the entire equation for physical side. I was at a dinner the other night and I said to people, you have to get in your head. We are not the top of the food chain anymore. That is a huge transition that a super intelligent being that is physically stronger and smarter than the smartest person who's ever lived will be here in five years. You cannot fathom the changes that are going to happen. So when that goes back to Bitcoin, the world doesn't survive with companies and stocks. It survives with assets that don't have a story that can be disrupted. It gets into scarcity. And this is the point where Michael Saylor and I agree on this. At some point, the world has been about the opposite of scarcity. Economics is based on scarcity. We need scarce assets. We need things that actually have it. Because we can print everything with artificial intelligence, Picassos, whatever we want. We can print anything that we want within five to 10 years. So that just means bitcoin is the best opportunity, not because it's the best asset, but because it's the one that doesn't get destroyed by AI.
- [35:20]
Natalie
That is a powerful point to leave on. I wish we had more time to unpack so much more of your outlook on things. I really, I feel like it's Terminator vibes about the future a little bit. And I would have loved to ask you about some of the military applications and some of these AI companies, the conversations they're having with the Department of Defense. We don't have time for it. So I'm going to have to have Jordi back. But, Jordi, thanks for joining me. Where can people find your work?
- [35:44]
Jordi Visser
They can find me on YouTube, they can find me on Substack, and that's enough. And they can find me here with Anthony Pompliano each week, too. We're both young enough. We can do this many, many times in the future.
- [35:55]
Natalie
Yes, coming back to the show.
- [35:56]
Jordi Visser
Don't laugh, Matt Thanks Jordi.
- [35:59]
Natalie
Thank you so much for checking out this episode of Coin Stories. Make sure you're subscribed to the show so you don't miss any new episodes. If you can, turn on those notifications and leave us a positive review, they really help the show grow organically with new listeners. We have a free weekly newsletter you can sign up@thenewsblock.substack.com this show is for educational and entertainment purposes only. Nothing should constitute as financial investment advice, and you should always do your own research. I'm always open to feedback and guest suggestions, so please feel free to reach my team@infookingbitcoin.com I'll see you next time.