Has Bitcoin Hit The Bottom? | Jordi Visser

**SPEAKER_1** (0:00)
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**Jane** (0:30)
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**Anthony Pompliano** (0:32)
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**Jordi Visser** (1:00)
July 29th, when we have the FOMC, are they going to raise rates? There's a possibility, a good possibility. It's like 35 to 40 percent that they will.
If they don't, then I think Bitcoin will be above 70,000 when that time comes, because I think people are going to start factoring in the fact.

**Anthony Pompliano** (1:17)
What's going on guys? Today we have a great conversation with Jordi Visser. We talk about what's going on with the AI mid-cycle slowdown, why he thinks that's over. Why is he getting excited about Bitcoin? He thinks that the bottom is forming. On top of that, we talk about robotics, commodities and what public stocks Jordi is getting interested in. This conversation is full of lots of nuance and we cover some of the big stories, things like Apple and what's going on with Meta or XAI and Grok. So you're going to enjoy it. Here's my latest conversation with Jordi Visser. All right, Jordi, this week Grok and Facebook both made very big announcements about their ambitious plans when it comes to AI. It looks like we have a price war on our hands as both of them start talking about the affordability for what they can actually produce. What's your take as to these two trying to make a comeback and take over OpenAI and Anthropic?
Ooh, speechless.

**Jordi Visser** (2:08)
Now, I was trying to think of a best way to present this. I really am believing that we have to start separating everything going on in AI and the models into two categories. I don't think anyone anymore can catch up to Anthropic and OpenAI and what their plans are. Now, let me just kind of put that into context. I've spent a lot more time on consumer agents. I've spent a lot more time on what these models are trying to do and what everyone's kind of going for. They're all trying to get some kind of revenue, all of them. So when Meta talks about the cloud ambitions, they need some revenue coming in the door now.
And if your business is going to be consumer agents, advertising, stuff like that, and personal AI assistants, which is where I am now putting officially Meta, Apple, Google, Amazon. Now again, not completely, but they all have that part of the puzzle. Amazon, Google and Microsoft obviously not only have the personal assistant, the co-pilot side, they also have the cloud business.
Obviously, we have cloud business now where we're renting out compute for SpaceX. So I think rather than get into the model side, which again, these models are just going to be commoditized, it's what you're aiming to get your revenues from. And clearly OpenAI and Anthropic are in a war with the enterprise side. And then everyone else to me is kind of making sure that they're also spending in other areas where they need this. And obviously SpaceX, Tesla, eventually, they've got different ambitions for how they're going to use AI. So I think I'm not really looking at the price wars as anything more that number one, the media is just kind of getting into this, oh, the token index is going down. It means we're going to have problems. I think everyone's just reexamining where their ROIC is going to come from. And they're strategically moving their decision making towards that process.

**Anthony Pompliano** (4:11)
I love when we don't disagree but have slightly different takes on this.
In building Sylvia, I think you and I have talked in the last couple of weeks about the mandate from heaven 18 months ago, everyone use AI. Now all of a sudden people start looking at the token prices or the compute cost on a monthly basis was sky high. They all start cutting that. But a lot of what people have been doing, both we've been doing at Sylvia, but also in other companies I've talked with, they essentially were changing the architecture of how they use the models. So it wasn't they were changing the model, it was just, hey, we don't want to ping the model for if you ask what the date is, or that type of stuff.