Bitcoin, AI & the Next Macro Shift Investors Aren’t Ready For | Jordi Visser

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Anthony Pompliano (0:58)

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Anthony Pompliano runs Pomp Investments. All views of him and the guests on his podcast are surely their opinions and do not reflect the opinions of Pomp Investments. You should not treat any opinion expressed by Pomp or his guests as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of his personal opinion. This podcast is for informational purposes only.

Jordi Visser (1:50)

There's three components of Bitcoin that I've kind of put my side on. When is this going to go back up? Because the one thing I believe in is that it's going higher. The question and the point you made, what's the probability? What would have to happen for it to sell off past 80,000 and down to 60? Crypto isn't getting money because it's all being sucked out by AI. I think that starts to change this year.

Anthony Pompliano (2:12)

What's going on, guys? Today in this conversation with Jordi Visser, we talk about the recent CPI numbers. What's going on with the Fed? How is the stock market performing? What is going on in artificial intelligence? We get very specific. How can you use this technology to learn and to get better at your job? We talk about Bitcoin. And also Jordi throws out a couple of names of different organizations and companies that you should be paying attention to as an investor. All that and more in my latest conversation with Jordi Visser. All right, Jordi, I thought a great place to start. We get the CPI numbers this week. Obviously, they came in ice cold compared to where expectations were. Maybe the two most interesting parts to me were actually the economists thought that CPI was going to accelerate. It was going to go up, but instead it went down. And so, yes, the magnitude, I think, is what got everyone's attention. But to me, the opposite direction was actually more telling where economists completely missed. Now, the critics are saying, hey, wait, there's a bunch of data that's missing in here. This is basically not nefarious, but it is manipulated to a degree. And so let's wait for December numbers. What did you take away from the CPI measurement?

Jordi Visser (3:12)

The most important takeaway, in my opinion, for everyone who's listening to this, is to care less about whether the number should have been year over year 2.6, 2.7, 2.8, and to go back to what Jerome Powell just said. His focus is on the labor market. His focus on the belief that the bigger risk is the labor market, and we can kind of look through the inflation because going forward, the bigger risk is on the labor side. We got jobs numbers as well. So when you combine the two, makes the Fed's decision look rational. And the reason the inflation stuff, I'll keep saying, we will not have inflation of any magnitude that impacts the market. Could we see CPI above 3% next year? Yes, but gas at the pump is going to have to go higher. So right now you have this three, I would say if you gave me the top three choices for inflation that matters in terms of the prints, you're going to tell me what gas in the pump has done. People should go look, it's at four year lows right now. It's just coming down and it's coming down relentlessly.