Jordi Visser is a veteran macro investor with 30+ years of experience and the author of the VisserLabs Substack. In this conversation, we break down the AI mid-cycle slowdown, the Fed under Warsh and what rate cuts could mean for markets, the $90 trillion AI infrastructure buildout, memory and Micron's role in the AI bottleneck, and why Jordi believes bitcoin is positioned to be the best performing assets once the negatives of AI start to show up.

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0:00 - Intro
1:20 - Has bitcoin bottomed?
6:03 - Bitcoin vs the Mag 7: is the correlation breaking?
9:00 - Sam Altman, OpenAI & the government getting involved
11:11 - American open source vs Chinese AI models
14:28 - AI compute demand & the infrastructure buildout
20:37 - AI slowdown: how bad, how long?
22:44 - Where do markets go from here?
27:30 - AI agents in the workplace & security risk
34:50 - Memory, Micron & the AI bottleneck
39:53 - The next 10-20 years: robots, AI & society
44:18 - The Fed, rate cuts & inflation's impact on AI
49:55 - Why bitcoin wins in the end