The Bitcoin Rotation No One Sees Coming | Jordi Visser

Jordi Visser discusses the rapid advancement of AI and its potential deflationary impact on the economy, disagreeing with Cathy Wood's assessment that current tech stock pullbacks are temporary. He argues AI's accelerating recursive self-improvement threatens the defensibility of most companies, including tech giants like Google and Microsoft, due to limitations in data center capacity. Visser highlights the increasing importance of scarcity in a world of abundant intelligence, positioning Bitcoin as a unique growth asset. He advises investors to monitor the performance of hyperscalers and suggests that a market panic may occur within the next few months due to hedge funds repositioning. Visser recommends incorporating AI into daily life and learning new skills to adapt to the changing landscape, emphasizing AI's inability to replicate human context and understanding.