Jordi Visser, a veteran macro investor with over 30 years of experience, assessed recent market developments. According to Visser, while artificial intelligence and commodity scarcity are ushering the world into a new economic era, Bitcoin is re-emerging with its “scarcity” argument.
Visser argues that investor psychology and central bank policies are changing in the digital age. Stating that the Fed has perfected its QE (quantitative easing) game plan, Visser said, “I don’t think we’ll see multi-year recessions or prolonged bear markets again in the rest of my life. The moment a crack appears in the system, it is intervened with money printing and interest rate cuts.”
He also added that in the hyper-connected world, investors experience “amnesia,” quickly forgetting negative events and focusing on new narratives.
According to the analyst, despite the deflationary pressure created by artificial intelligence (AI), a serious inflationary risk is looming in the short term. Visser argued that the AI world has reached its physical limits and is experiencing massive processor (CPU), memory (DRAM), and energy shortages.
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Visser, particularly highlighting Elon Musk’s “Terra Fab” announcement, predicts that this bottleneck in the hardware and commodities sectors will keep inflation well above the Fed’s target of 2%, reaching 4% and higher.
Visser, who analyzed Bitcoin’s recent performance from a technical and macroeconomic perspective, stated that according to Elliott Wave theory, Bitcoin has completed its correction phase and entered a new uptrend from the $60,000 level.
He argued that Bitcoin is now priced not just as a growth asset, but as a representative of “digital scarcity” in a world experiencing processor and energy shortages. He stated that traditional software companies (SaaS) are threatened by AI, but computing-focused firms like Oracle and Bitcoin miners will profit from this process.
Visser stated that Bitcoin’s place in portfolios will become undeniable by the end of the year, sending this message to asset managers and investment advisors: “By the end of the year, we will reach a point where you will have to explain why 3% to 5% of your portfolio isn’t Bitcoin.”
*This is not investment advice.
Continue Reading: 30-Year Analyst Explains: “According to the Elliott Wave Theory, the Bitcoin Downturn Is Over”