Bitcoin Is About to Explode — The Fed Just Ran Out of Tools | Jordi Visser

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**Jordi Visser** (1:00)
I'm a believer right now that all it's going to take to get the Bitcoin crowd fired up is a technical breaking point. I think this is the beginning and I think we're going to look back at the last two weeks as being an indication that.

**Anthony Pompliano** (1:13)
All right, ladies and gentlemen, we have a great conversation with Jordi Visser this week. Jordi gets into why he thinks the last two weeks are really big for Bitcoin. He thinks we're going to look back and actually think they were two of the most important weeks in Bitcoin's history. We also talk about what's going on in the AI trade. Why did the AI stocks bounce so hard? Was that the bottom? Or does he think that it's got further to fall? Now, get into physical AI. What's going on with Tesla and SpaceX building Terafab? And how exactly is that going to impact the valuations of those companies? And then I get deep into the details with Jordi. I asked him some pretty hard questions, like how does he evaluating Google right now with so much talent leading? Is he going to buy SpaceX? What does he think about the current valuation? How does he think about how the stock's trading that and much, much more in this conversation with Jordi Visser?
All right, Jordi, you have a hot take that the last two weeks or so may be the single most important two weeks for Bitcoin in a very long time. Talk about what you think is going on here.

**Jordi Visser** (2:03)
Yeah, I'm finishing up a paper.
Last week reminded me a lot of my time in Brazil in 1998 And this will take a little bit. You can ask some follow up questions since you don't know where I'm going with this. But so when you get into a situation where a number one, you have situational awareness, which was the headline story. And you have a month where we basically watched a historic rise in volatility with inside the equity market, where the AI names are trading at volatility well above even, I would say, the highest level that Bitcoin has traded at in the last decade. We have most of these names that are very large companies moving in the 80 to 120 vol area. And the losses that happened kind of showed that even in a trade that is fundamentally sound, where the earnings are growing rapidly, where it seems like an easy thing, these things all fell violently on the back of a fund. So that's the one side. Think of LTCM in 1998 The second thing was, Warshad is kind of his first test. We went into this meeting with close to a 50% chance, you know, about 40% chance that he would raise rates.
And everyone left there. Basically, the criticism started to rise. He talked about the fact that long-term yields were doing the work for him. And we talked about that last week, where he literally said, well, just look what the market is doing. I'm following the market. Okay, so long-term yields were going higher. But then on Friday, after the market closed, the most important thing that I don't think has gotten enough attention occurred. Where the US for the first time since 1998, that same year with LTCM, coordinated with the BOJ to intervene in the yen.
And this has all the hallmarks of desperation. And when you read through it, sometimes things happen like, okay, we're going to bail out someone, we're going to cut rates, we're going to create a facility for Silicon Valley Bank. They're very clear. You don't have to read between the lines. It's meant to stop panic. In this case, why would the US intervene with Japan on dollar yen, which has been weaker now for a while, and the BOJ has been intervening, and everyone has gotten back to the fact that, oh, what also happened last week? We made 20 plus year highs in 30 year yields in the US. The bond market has, for the last two years, been the line in the sand with the administration. This happened during each of the three dislocations we've seen, particularly Liberation Day, where saying we don't care about the equity market, everyone just panicked for a little bit. Once rates start moving higher, we have an issue. And remember, this all has to do with the fact that we still have a huge deficit and you can't have rates go higher. So on the one side, he's been arguing for short term rates to move down. Well, now he's got warish. And on the back end, we have 30 year rates moving higher. And who's a large holder of 30 year rates? Japan. So you put all those together and then I look for the market reaction. So Monday morning opens up. I'm buying silver again.