Jordi Visser: AI and crypto will disrupt existing market structures, stablecoins process more volume than Mastercard, and Bitcoin performance is closely related to software ETFs.

Key Takeaways

• AI and crypto are poised to significantly disrupt existing market structures.
• The next decade may see a reshaping of financial markets with different beneficiaries than before.
• Stablecoins processes more transaction volume than major credit card companies such as Mastercard.
• The rate of profit is increasing as job creation is stagnating, which presents a unique economic situation.
• Investor fears are growing over AI’s potential to disrupt software companies.
• Bitcoin performance is closely related to ETF software, showing a strong correlation.
• The rise of AI has shifted attention and funding away from the SaaS and crypto sectors.
• Despite the current challenges, crypto is expected to recover, even though it currently lacks the support of corporate finance.
• Bitcoin’s high prices are seen as an important catalyst for changing market conditions.
• The AI ​​bubble is no longer the focus, but the software panic presents a buying opportunity.
• There is skepticism about the shift of currencies from gold and silver to Bitcoin and crypto.
• AI is expected to disrupt all fiat assets, with fixed assets being the last to be affected.

Guest introduction

Jordi Visser leads AI Macro Nexus Research for 22V. Prior to joining 22V, he founded and led Visser-Labs as Chief Strategist, advising asset managers on AI disruption and digital assets. He previously served as President and Chief Investment Officer of Weiss Multi-Strategy Advisors for two decades, where he developed a master strategy and developed a data analytics model for the behavioral alpha firm.

The transformative power of AI and crypto

• “AI and crypto are about to disrupt and change everything in software disrupting growth investors are panicking about.” – Jordi Visser
• The next decade could see deflationary shocks reshaping financial markets.
• “Stablecoins just processed more volume in a month than MasterCard does in an entire year.” – Jordi Visser
• The impact of AI is expected to cause major changes in economic structures.
• The rapid growth of stablecoins highlights their increasing importance in financial markets.
• “Profits are increasing while job creation is stagnant.” – Jordi Visser
• A unique economic environment is emerging through growth in profit margins and job creation.
• “There’s a software removal of anything that AI interferes with.” – Jordi Visser
• Investor fears about software companies disrupting AI are growing.
• “Bitcoin ETFs vs. software … tracking pretty well.” – Jordi Visser
• Bitcoin’s performance is closely tracked with software ETFs, showing correlation.
• “I didn’t expect the software panic to start so soon.” – Jordi Visser

The impact of AI on SaaS and crypto markets

• “AI has taken all the attention away from SaaS and all those startups.” – Jordi Visser
• The rise of AI has shifted focus and funding away from the SaaS and crypto sectors.
• “I still believe crypto will come out differently this time but right now you don’t have VC money.” – Jordi Visser
• Despite the current challenges, crypto is expected to recover, but it does not have the support of business capital.
• “People always ask me what will be the next catalyst for Bitcoin and I say high prices.” – Jordi Visser
• Bitcoin’s high prices are seen as an important catalyst for changing market conditions.
• “I wrote a paper three weeks ago saying that the AI ​​bubble will no longer be an AI bubble.” – Jordi Visser
• The AI ​​bubble is no longer the focus, but the software panic presents a buying opportunity.
• “I think there’s a chance we made a low last week in both software and Bitcoin.” – Jordi Visser
• There is a chance that the recent software downturn and Bitcoin have marked a market turning point.
• “I don’t buy that all this money from gold and silver is going to turn into Bitcoin and crypto.” – Jordi Visser
• There is skepticism about the shift of currencies from gold and silver to Bitcoin and crypto.
• “All fiat assets will be disrupted by AI, and hard assets are the last stage of this disruption.” – Jordi Visser

The future of labor markets and entrepreneurship

• “Within five years, there will be a major disruption in the knowledge profession due to advances in AI.” – Jordi Visser
• AI is expected to significantly disrupt the knowledge profession within five years.
• “The only way Bitcoin can get the money it needs is to have a disruption where people question the assets that exist in the world.” – Jordi Visser
• Bitcoin needs disruption to existing assets to be accepted as a growth asset.
• “AI gives them education AI gives them the ability to build businesses.” – Jordi Visser
• AI is democratizing entrepreneurial opportunities, especially in developing countries.
• “Bitcoin will probably be a savings account and stablecoins will be used.” – Jordi Visser
• Bitcoin is likely to be a savings account in emerging markets, while stablecoins will serve as a currency.
• “Stablecoins have taken over the transaction side.” – Jordi Visser
• Stablecoins are likely to continue to grow in value, potentially surpassing Bitcoin.
• “Global acceptance is possible.” – Jordi Visser
• The increase in stablecoin volumes reflects the growth in adoption and use around the world.

Stablecoins and their disruptive potential

• “Stablecoins are taking the hockey stick in their adoption right now.” – Jordi Visser
• Stablecoins will disrupt traditional payment companies like Mastercard as their adoption accelerates.
• “What AI and stablecoin both do is there’s the ability to cut out the middleman.” – Jordi Visser
• Stablecoins and AI could reduce the need for intermediaries, challenging companies like Mastercard.
• “The whole world of consumption is going to change.” – Jordi Visser
• The rise of AI agents will change usage patterns, especially with stablecoins.
• “NFTs are an important part of the next five years.” – Jordi Visser
• NFTs will play an important role in the next five years, not only in art but in society and experience.
• “By the end of this year we will have an infinite IQ of 200.” – Jordi Visser
• By the end of this year, AI will significantly improve the generation of ideas, leading to new solutions.
• “The current state of NFTs is chaotic, but eventually it will lead to real use cases.” – Jordi Visser
• The current state of NFT is chaotic, but real use cases are expected to emerge from the hype.

The role of NFTs in the digital future

• “NFTs are very important to me.” – Jordi Visser
• NFTs will be an important part of authenticating real-world assets in a world increasingly filled with lies.
• “It speeds everything up by multiple iterations.” – Jordi Visser
• The rise of AI will accelerate the need for tokenization of real-world assets.
• “The value of property is determined by the belief of the masses.” – Jordi Visser
• The value of property is determined by the beliefs of the masses, not just the rich.
• “Democracy of money and property ownership will give equal voting power.” – Jordi Visser
• In the future, the democratization of money and property ownership will give equal voting power to individuals regardless of wealth.
• “People want to interact with people.” – Jordi Visser
• Human interaction will always be valued over automation in jobs.

Economic challenges and the role of AI

• “The existing economic system is facing a major challenge due to the negative inflation situation.” – Jordi Visser
• The current economic system is facing a major challenge due to the negative inflation situation.
• “The world will be filled with businessmen who eat business.” – Jordi Visser
• AI will lead to an influx of entrepreneurs who will disrupt conventional businesses.
• “The government will struggle to control economic changes.” – Jordi Visser
• Governments will struggle to manage the economic changes brought about by AI and globalization.
• “We’re headed for a dystopian future.” – Jordi Visser
• We are headed for a dystopian future where technological advancements will outpace social adaptation.
• “We’re printing tons of money and that’s why nominal GDP is growing so fast.” – Jordi Visser
• Significant money printing from the corporate and government levels contributes to growth called GDP.
• “The rich may suffer more in the labor market because of technological advances.” – Jordi Visser
• The rich may suffer more in the job market due to technological advances, while low-wage jobs remain stable.

Bitcoin and assets in the investment space

• “Bitcoin should be considered a rare commodity rather than a software commodity.” – Jordi Visser
• Bitcoin should be considered a rare commodity rather than a software commodity.
• “Commodities will continue to rise.” – Jordi Visser
• Commodities, especially silver and copper, are expected to continue to grow in value due to their demand for technology and AI.
• “The US dollar will weaken in my view.” – Jordi Visser
• The US dollar is likely to weaken as capital flows shift to manufacturing outside the US.
• “Brazil will benefit greatly from AI.” – Jordi Visser
• Brazil will benefit greatly from AI due to its ownership of valuable minerals.
• “Investing in goods and manufacturing outside of the US is very good.” – Jordi Visser
• Investing in goods and manufacturing outside of the US pales in comparison to the US focus on software.