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

Key takeaways

• AI and crypto are poised to significantly disrupt existing market structures.
• The next decade could see an overhaul of money markets with different beneficiaries than in the past.
• Stablecoins process more transaction volume than major credit card companies like Mastercard.
• Profit margins are increasing even as job creation remains stagnant, presenting a unique economic situation.
• Investors are increasingly concerned about AI’s potential to disrupt software companies.
• Bitcoin’s performance is closely aligned with software ETFs, indicating a strong correlation.
• The rise of AI has diverted attention and funding from the SaaS and crypto sectors.
• Despite the current challenges, crypto is expected to recover, although it currently lacks venture capital support.
• Rising Bitcoin prices are seen as a key catalyst for changing market sentiment.
• The AI ​​bubble is no longer a focal point, but the software panic presents a buying opportunity.
• There is skepticism about funds rotating from gold and silver into Bitcoin and crypto.
• AI is expected to disrupt all fiduciary assets, with physical assets being the last to be affected.

Guest presentation

Jordi Visser leads AI Macro Nexus Research for 22V. Before joining 22V, he founded and led Visser-Labs as Chief Strategist, advising asset managers on AI and digital asset disruption. He previously served as President and Chief Investment Officer of Weiss Multi-Strategy Advisers for two decades, where he crafted the macro strategy and developed the firm’s data analysis model for behavioral alpha.

The transformative potential of AI and cryptography

• “AI and crypto are poised to disrupt and change everything software is breaking growth, investors are panicking.” – Jordi Visser
• The next decade could be marked by a deflationary shock that would reshape monetary markets.
• “Stablecoins processed more volume in a month than Mastercard did in an entire year.” – Jordi Visser
• The impact of AI is expected to lead to significant changes in economic structures.
• The rapid growth of stablecoins highlights their growing importance in financial markets.
• “Profit margins are increasing while job creation stagnates. » – Jordi Visser
• A unique economic situation is emerging with growing profit margins and stagnant job creation.
• “We’re moving away from software versus anything disrupted by AI.” – Jordi Visser
• Investor fears about the disruption AI will cause to software companies are growing.
• “Bitcoin versus software ETFs… they effectively track perfectly.” – Jordi Visser
• Bitcoin’s performance closely tracks that of software ETFs, indicating a correlation.
• “I didn’t expect the software panic to start this early.” – Jordi Visser

The impact of AI on the SaaS and crypto markets

• “AI has taken all the attention away from SaaS and all these startups.” – Jordi Visser
• The rise of AI has diverted attention and funding from the SaaS and crypto sectors.
• “I still believe crypto will come out differently, but right now you don’t have VC money.” – Jordi Visser
• Despite current challenges, crypto is expected to recover, but lacks venture capital support.
• “People always ask me what the next catalyst for Bitcoin will be and I say higher prices.” – Jordi Visser
• Rising Bitcoin prices are seen as a key catalyst for changing market sentiment.
• “I wrote an article three weeks ago saying that the AI ​​bubble, we never hear the AI ​​bubble again.” – Jordi Visser
• The AI ​​bubble is no longer a focal point, but the software panic presents a buying opportunity.
• “I think there’s a chance we bottomed last week for software and for Bitcoin.” – Jordi Visser
• It is possible that the recent lows in software and Bitcoin mark a turning point in the market.
• “I don’t believe that all this money from gold and silver is somehow going to turn into Bitcoin and crypto.” – Jordi Visser
• There is skepticism about funds rotating from gold and silver into Bitcoin and crypto.
• “All fiat assets will be disrupted by AI, with physical assets being the final stage of this disruption.” – Jordi Visser

The future of labor markets and entrepreneurship

• “Within five years, advances in AI will lead to significant disruptions in knowledge work. » – Jordi Visser
• AI is expected to significantly disrupt knowledge work within five years.
• “The only way Bitcoin will get the money it needs is if there are disruptions where people question the assets that exist in the world.” – Jordi Visser
• Bitcoin needs to disrupt existing assets to be accepted as a growth asset.
• “AI gives them an education. AI gives them the ability to build businesses.” – Jordi Visser
• AI is democratizing entrepreneurship opportunities, especially in developing countries.
• “Bitcoin will likely become the savings account and stablecoins will become a spending tool.” – Jordi Visser
• Bitcoin is likely to become a savings account in emerging markets, while stablecoins will serve as a spending currency.
• “Stablecoins have taken over on the transaction side.” – Jordi Visser
• Stablecoins will likely continue to grow in terms of transaction volumes, potentially overtaking Bitcoin.
• “Worldwide acceptance is happening. » – Jordi Visser
• The increase in stablecoin volumes indicates growing global acceptance and utility.

Stablecoins and their disruptive potential

• “Stablecoins are currently taking a hockey stick when it comes to adoption.” – Jordi Visser
• Stablecoins will disrupt traditional payment companies like Mastercard as their adoption accelerates.
• “AI and stablecoin both do this because it’s possible to cut out the middlemen.” – Jordi Visser
• Stablecoins and AI can reduce the need for intermediaries, which poses a challenge for companies like Mastercard.
• “The whole world of consumption is going to change.” – Jordi Visser
• The rise of AI agents will fundamentally change consumption patterns, particularly via stablecoins.
• “NFTs are an important part of the next five years.” – Jordi Visser
• NFTs will play a crucial role over the next five years, not only in art but also in community and experience.
• “By the end of this year, we will have 200 infinite IQs in circulation.” – Jordi Visser
• By the end of this year, AI will significantly improve idea generation, leading to innovative solutions.
• “The current NFT landscape is chaotic, but it will eventually lead to real use cases.” – Jordi Visser
• The current NFT landscape is chaotic, but real use cases are expected to emerge from the hype.

The role of NFTs in a digital future

• “NFTs are becoming very important to me.” – Jordi Visser
• NFTs will be integral to proving the authenticity of real-world assets in a world increasingly filled with counterfeits.
• “It speeds everything up by many, many multiples.” – Jordi Visser
• The proliferation of AI will accelerate the need for tokenization of real-world assets.
• “The value of an asset is determined by the belief of the masses.” – Jordi Visser
• The value of an asset is determined by the belief of the masses, not just the rich.
• “Democratization of currency and asset ownership will provide equal voting power. » – Jordi Visser
• In the future, the democratization of monetary and asset ownership will give equal voting rights to individuals, regardless of their wealth.
• “Human beings want to deal with human beings.” – Jordi Visser
• Human connection will always be valued over job automation.

Economic challenges and the role of AI

• “The current economic system faces a significant challenge due to the unsustainable nature of systemic inflation. » – Jordi Visser
• The current economic system faces a significant challenge due to the unsustainable nature of systemic inflation.
• “The world will be flooded with entrepreneurs eating away at businesses. » – Jordi Visser
• AI will drive a wave of entrepreneurs that will disrupt traditional businesses.
• “The government will find it difficult to control economic changes. » – Jordi Visser
• The government will struggle to control the economic changes brought about by AI and globalization.
• “We are heading towards a dystopian future.” – Jordi Visser
• We are heading towards a dystopian future where technological advances will outpace societal adjustments.
• “We print tons of money, which is why nominal GDP is growing so quickly.” – Jordi Visser
• Significant money printing, both at the corporate and government levels, contributes to nominal GDP growth.
• “The rich could suffer more in the job market due to technological advances. » – Jordi Visser
• The rich may suffer more in the job market due to technological advances, while low-income jobs will remain stable.

Bitcoin and Commodities in the Investment Landscape

• “Bitcoin should be considered a scarce commodity rather than a software asset.” – Jordi Visser
• Bitcoin should be viewed as a scarce commodity rather than a software asset.
• “Commodities will continue to rise. » – Jordi Visser
• Commodities, particularly silver and copper, are expected to continue to increase in value due to their need for technology and AI.
• “The US dollar will weaken in my opinion.” – Jordi Visser
• The US dollar is expected to weaken as capital flows shift to manufacturing outside the US.
• “Brazil stands to benefit significantly from AI. » – Jordi Visser
• Brazil stands to benefit significantly from AI due to its possession of essential minerals.
• “It is more profitable to invest in raw materials and manufacturing outside the United States.” – Jordi Visser
• Investment in raw materials and manufacturing outside the United States is more beneficial than the United States’ focus on software.