Jordi Visser, an experienced macro investor with over 30 years of experience and author of VisserLabs Substack, made groundbreaking statements on the development of the artificial intelligence (AI) sector, the Fed’s monetary policy, and the future of the crypto market in his latest broadcast.
Visser argued that investors had a huge misconception about Bitcoin, saying, “Everyone gave up on Bitcoin at exactly the wrong time.”
Mr. Visser stated that the recent stagnation and downward trend in the cryptocurrency market has caused a significant loss of investor confidence, and summarized the current market situation as follows:
“If you ask 100 people who have never invested in Bitcoin, all 100 will say they are not interested. At least 60% to 70% of market participants have doubts about their investment. “Hopeless” is an understatement to describe the situation. However, on the technical side, we are finally beginning to see a positive divergence. ”
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Visser argued that while Bitcoin prices are below February’s lows, they have managed to hold there. But he stressed that investors shouldn’t rush into making decisions and urged caution until the price rises above its 200-day moving average, which is currently above $70,000. He predicted that after this breakout, a new era of cryptocurrencies and artificial intelligence will begin.
The savvy investor described the current state of technology and AI stocks as a “mid-cycle slowdown,” noting that the aggressive uptrend in infrastructure and chipmakers (such as Micron and Nvidia) is now entering a more volatile consolidation phase.
Visser said the days of “low-hanging fruit” achieved with the first wave of AI are over, and high volatility will make it difficult for institutional investors to hold technology stocks in their portfolios for the long term. He argued that this situation is a big advantage for Bitcoin, which has relatively low volatility compared to technology indexes, and could lead to capital returning to the crypto asset.
On the macroeconomic side, Jordi Visser, who has also evaluated Fed policy, believes the market is overreacting to Fed officials’ hawkish rhetoric. Integrating artificially intelligent agents into the business world has significantly increased productivity, Visser argues, and argues that traditional macro analysts have underestimated the deflationary effects of AI.
Visser said cost reductions and efficiency gains from artificial intelligence will keep inflation in check, especially in established sectors such as insurance and health care. This allows the Fed to keep interest rates stable or lower them for longer than the market expects.
*This is not investment advice.
