Has Bitcoin Bottomed? Jordi Visser on AI, Inflation, and Moats

Artificial intelligence acts as a transformative deflationary force that systematically erodes corporate moats, necessitating a shift toward a "scarcity portfolio." Bitcoin emerges as the primary store of value in this new regime, serving as an inevitable hedge against fiat system instability and the labor-displacing effects of AI-driven productivity. Investor and strategist Jordi Visser argues that the current market is entering a period where inflation outpaces short-term interest rates, a historical catalyst for significant Bitcoin appreciation. Rather than relying on traditional software-based equities, capital should flow into physical infrastructure assets—including energy, semiconductors, and precious metals—that support the compute-intensive requirements of the agentic economy. This structural transition favors decentralized assets and agile, AI-leveraged entrepreneurs over legacy corporations struggling to adapt to a world of super-abundance and rapid technological disruption.