Jordi Visser, a long-time macro investor with more than 30 years of experience, assessed the structural changes in the US economy, the disruptive impact of the AI revolution on markets and why Bitcoin is the “most realistic trade” in this new world.
Victor VisserLabs writer Visse, who is guest on renowned investor Anthony Pompliano’s show said ‘The world economy and financial systems are experiencing an unprecedented period of volatility. Visser said the current capital structure was conceived for a “slow-moving” world; however, artificial intelligence and technological speed are fundamentally disrupting this structure.
Visser added ‘It is almost 100 percent of the gains and stock levels that have been seen in the markets today, which are driven by artificial intelligence. If there is no artificial intelligence, then the stock market would not be at what it is today’s levels of productivity and this technology also ‘isn’t just an example of how to transform existing business models and the job market as well as a tool for transformation.
In analyzing the new employment data, Visser noted that while it has not created net jobs for about a year (excluding the healthcare sector), “the US economy hasn’t created any net job creations.” In his defense, he said that AI is beginning to replace work — especially in fields like accounting and law or software; this is disrupting traditional economic relationships.
Visser’s best remark was one of the most striking statements that Bitcoin is actually the best asset for the economic order artificial intelligence will make. Visser says that the stock market (S&P 500) in the US will be shaky over time, and wealth will shift from traditional financial channels to private entrepreneurs or digital assets. So much so that companies’ competitive advantages are rapidly disappearing, AI is accelerating innovation. But in this ambiguous environment, Bitcoin is the most notable example of a pure mathematical asset without any company or story behind it. Similarly, in an environment where AI-powered cyberattacks will be more effective, “the immutability and transparency of blockchain technology means that Bitcoin is the only reliable alternative to it.”
*This is not investment advice.
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