Bitcoin Is the PUREST AI Trade | Jordi Visser

**Scott Melker** (0:01)
According to today's guest, Jordi Visser, Bitcoin is the purest AI trade. We're going to dive into why there may never be enough compute and how Bitcoin plays into that. Also, of course, we'll cover all of the news of the day. Excited to have Jordi here. Let's go.
Good morning, everybody. I never know what the background is going to be. My producers, they just surprised me. This is very ethereal. I feel better now knowing that I have this amazing background. Welcome to the show. Hope you're all having a wonderful Wednesday. Going to go ahead and kill the suspense and bring Jordi right on. Good morning, sir.

**Jordi Visser** (0:54)
Good morning, Scott. How are you?

**Scott Melker** (0:57)
I'm better now, as I said, that I'm here on the lakeside hazy house. I don't really know what this is. So listen, let's get started. So the title here, Bitcoin Is The Purest AI Trade. This is coming from your recent sub stack. And I kind of just want to dig into the thinking here and bring it up. I suggest everybody subscribe, of course. The Age Of Abundance, Intelligence and Scarce Bitcoin. Maybe just start with the premise, then we can wrap in how today's news about Nvidia raising 500 billion and all these things play into this.

**Jordi Visser** (1:31)
So I think to, as people get to know me, I try to use words that have a lot of meaning and the purest AI trade frustrates people because they think that means that when quote unquote AI trades are working, then Bitcoin should be working. That clearly hasn't been the case since October when Opus 4.5 was released and the Egentic Revolution started.
I only think in three to five years down the road, and I try to find secular trends, and where AI and Bitcoin merge is actually on the disruption side. And the intelligent abundance piece was really the fact that we have clearly reached a point where the model releases are happening so fast around the globe, and the cost of compute is dropping to where as an entrepreneur, you can effectively use AI for next to nothing, as long as you have enough hardware for that. The disruptive phase of AI, I think people have to get used to.
Any company that exists today that has any amount of employees, you and I both worked in bureaucracies at some point in our careers. Bureaucracies are any Fortune 500 company. To make decisions are slow. AI moves at light speed and it's only getting faster and faster. And so we've reached a point now where all businesses over the course of the next five years will go through a disruption phase from AI. And so when you think about what Bitcoin fits in, Bitcoin is not an innovation. It's a belief at this point. It has made itself into something that people believe in as a store of value. Store of values are what people are going to be looking for within five years because the disruption from AI will be extreme. It will hit every business. And the only thing that I envisioning being left by the time we reach five years from now with humanoid starting to grow rapidly across the planet, is to actually be something that isn't disrupted by innovation or by humanoids. And that only leaves things that have a store of value. So it becomes less about finding things that are going up in value. The deflationary side of AI will be driving the cost of things down near zero. And so to keep your value in the future, it's actually about beating deflation, not inflation, and that's where AI and Bitcoin intersect because of the scarcity side.

**Scott Melker** (3:48)
Any other crypto you're interested in in that same lens? You know, is it Bitcoin only because obviously of the scarcity, or do you think that there's another role that crypto will play in this AI driven future?

**Jordi Visser** (4:02)
Well, when we start the next rally in, let's start with Bitcoin, I do think beta is going to outperform.
I do think Ethereum, Solana, the parts that are going to benefit from the network effects, I believe will be the leading ones. I think the TradFi world is going to need revenues, they're going to need value accrual, they're going to need something to basically invest in. Tokenization is going to open up some of that word. So I have personally started to put more money into things like that, if you ask me what I'm watching every single day, and we finally got, you and I both grow up traders, I believe, I'm interested in breakouts.
Dogecoin, which is not something I would ever put money in, but I do look at it for the energy of crypto. If I think that something is going to have a sustainable run, I want to see Dogecoin have a little bit of interest. It broke above the 20 day moving average for the first time in months over the weekend. It fell back below and then as of when we started this, it was still above it. And I like to try to find things that had just broken out after long-term periods underneath. So I'm watching Dogecoin and I'm watching Ethereum, Solana, Sui, things like that.