Why Are Bitcoin & AI Stocks CRASHING?! | Jordi Visser

**Anthony Pompliano** (0:02)
I'm not giving up.

**Jordi Visser** (0:03)
I am selling the building.

**SPEAKER_3** (0:06)
The final season of FX is the Bear.

**Anthony Pompliano** (0:10)
The restaurant is flooded.

**Jordi Visser** (0:12)
Everything's either going to be okay.

**SPEAKER_3** (0:15)
No, stop.

**Jordi Visser** (0:16)
Or not.

**SPEAKER_3** (0:18)
We are outgunned and we are outmanned, but we have each other.
FX is the Bear, the final season. All episodes now streaming on Disney+.
When you finally find your thing, you want the whole world to know about that thing. So you use a thing called Canva to make it an even bigger and better thing. Whether you want to create flyers for that thing, make presentations for that thing, or design merch for that thing, you can do anything. So people can see your thing, feel your thing, love your thing. The next thing you know, it's a thing. Canva, the thing that makes anything a thing.

**Jordi Visser** (0:59)
Here's the reality. We are in, still, the second or third inning of what will be a long build out. Artificial intelligence is the most important thing to happen to the human race from the basis of making things cost less and solving some of the world's problems that have been with us for a long time. Turning longevity into something that's parabolic, turning the market into something that's parabolic. Most importantly, allowing democratization of education, democratization of people to have as much information as the people I started at the beginning that say this always ends badly. And this has been the thing. And so what's going on guys?

**Anthony Pompliano** (1:34)
Today we got a great conversation with Jordi Visser. He's an extremely successful macro hedge fund manager. And now he's here to explain to us what's going on with the AI trade, which names he likes, which ones he doesn't. Is he worried about the big memory shortage? Is the AI trade over or not? What's it mean for your portfolio? We talk about the debasement capitulation and what's going on with Bitcoin, gold, silver. And then of course we get into SpaceX and what's going on with Anthropic and Cloud and OpenAI and Gemini and Google and many other names. This conversation is going all over the place, but it is ultimately Jordi and I trying to figure out what the heck's going on in the world and what does it mean for his portfolio, my portfolio and yours. Here's my latest conversation with Jordi Visser.
All right, Jordi, the AI trade seems like it's over. Everything's going down. People are very upset. Should we just pack it up and go home?
What exactly is going on here?

**Jordi Visser** (2:22)
Yeah, it was a freak out week ending or at least Micron is changing the tone. It's very funny spending your time in your life talking to people about a particular trade and the people that I've known in the industry a long time, like myself, so people like me, they just know that number one, things like this don't end well in their head, even though that may not be the case. In their head, they know it. So they believe that all retail traders and all people that have been riding momentum will eventually get blown up. I see the leverage, I see all of this stuff. So this week when SK Hynex in particular in the Korean market was effectively limit down, every single overnight podcast, everything in X was, it's here, this is gonna be a crash, you're gonna watch what happens. Once Micron's done, everything will go down. And because I have a thematic portfolio with 100 names, 100 names is a lot of AI names, it crosses from chemicals to industrials to drug companies, to semiconductor and a whole bunch more. So it was down big on one day and everyone was freaking out and people reached out. So on Tuesday, I did a video and I basically just said to people, here's the reality.
We are in still the second or third inning of what will be a long build out. I'm going to say it to everyone who listens to us every week.
Artificial intelligence is the most important thing to happen to the human race from the basis of making things cost less and solving some of the world's problems that had been with us for a long time. Turning longevity into something that's parabolic, turning the market into something that's parabolic. Most importantly, allowing democratization of education, democratization of people to have as much information as the people I started at the beginning that say this always ends badly. And this has been the thing. And so Micron comes out. Obviously the AI trade is not over.