Bitcoin Is The Purest AI Commerce, Says Wall Avenue Veteran

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Bitcoin Is The Purest AI Commerce, Says Wall Avenue Veteran

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Macro investor Jordi Visser has printed a Substack essay arguing that Bitcoin is “the purest AI commerce,” a declare he says has adopted him “in practically each considered one of my movies, Substack posts, and conversations with Anthony Pompliano.” The piece, launched yesterday below the title You Don’t Discover Bitcoin, Bitcoin Finds You: Why It’s the Purest AI Commerce, units out a private and macro-economic narrative that Visser believes binds artificial-intelligence disruption to the rise of the world’s first decentralised digital asset.

Visser, who now heads AI Macro Nexus Analysis at 22V Analysis after three many years buying and selling derivatives at Morgan Stanley, working a global-macro hedge fund, and finally serving as president and CIO of Weiss Multi-Technique Advisers, frames the essay as a pre-emptive reply to critics who “don’t see it or perceive it.”

“This assertion wasn’t born from a single perception however somewhat a journey that unfolded throughout three distinct steps and 4 accelerating forces that helped me join the dots between financial coverage, exponential innovation, and a world shifting quicker than our company, monetary, and authorities techniques can deal with,” he writes. The three steps, he explains, have been “private awakening, macro-economic context, and the popularity of Bitcoin as foundational infrastructure for the digital financial system.”

Why Bitcoin Is The Final AI Commerce

The 4 forces Visser identifies as central to his thesis span the domains of monetary policy, know-how, and sovereignty. The primary, he writes, is “unprecedented fiscal and financial intervention which I imagine marked the ultimate climax of the worldwide authorities debt super-cycle and finally the greenback as the worldwide reserve forex.” In his view, the pandemic-era explosion in authorities spending uncovered the bounds of fiat techniques propped up by central financial institution liquidity.

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The second pressure facilities on structural deflation: “deflationary stress from exponential applied sciences.” Visser sees AI and automation as not simply financial disruptors however forces that drive costs downward throughout the board—pressuring legacy techniques constructed on perpetual inflation and debt.

The third pillar of his argument is institutional erosion. “Accelerating institutional obsolescence by AI,” he warns, will hole out bureaucracies and company incumbents which can be too sluggish to adapt to exponential change.
Lastly, Visser cites “Bitcoin’s emergence as a sovereign digital asset—impartial, decentralised, and never outlined by any nation-state.” In distinction to fiat currencies reliant on state energy and financial intervention, Bitcoin exists as an autonomous, verifiable infrastructure layer for the digital financial system.

Visser dates his “private awakening” to early 2021, when the pandemic-era cash print collided with a family epiphany: “Asset costs jumped and crypto costs have been rising each day, and I used to be struck by the truth that my 13-year-old son … might clarify the house in a means that I couldn’t perceive.”

That curiosity pushed him towards Michael Saylor’s corporate-treasury wager on Bitcoin and Paul Tudor Jones’s description of the asset as “the quickest horse within the race,” convincing him that “Bitcoin [was] a rational response to an irrational system on the lookout for a brand new one.”

The second mental milestone got here by Jeff Sales space’s e-book The Value of Tomorrow, from which Visser lifts the road: “Innovation is at all times deflationary for the financial system so the baseline for inflation is at all times adverse.” Sales space’s argument, he says, revealed “an Financial Trilemma” by which a debt-laden industrial financial system can solely survive by tapping authorities balance-sheets, at the same time as a capital-light digital financial system accelerates away. The consequence, he warns, is a fragile fiat system propped up by “artificially low charges, quantitative easing, and monetary stimulus” that can not be maintained indefinitely.

Visser’s third pivot got here with Marc Andreessen’s 2014 essay Why Bitcoin Issues. Andreessen’s framing of the Bitcoin white paper as a financial protocol—“on par with the creation of the web itself”—satisfied Visser to cease viewing Bitcoin as a challenger to sovereign forex and begin seeing it as “the base-layer for a brand new, decentralised financial system.” Stablecoins, he concedes, could bridge fiat and crypto, however they continue to be “tethered to the very establishments they’re attempting to outrun.”

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The ultimate, self-described “pressure” is AI itself: “For years, we’ve stated software program is consuming the world. However now, AI is consuming software program and shortly it can eat the whole lot in its path.”

He argues that clever brokers will erode the shortage premia that help most legacy belongings, leaving Bitcoin—algorithmically finite and impartial of any issuer—as “sovereignty at digital scale.” In one of many essay’s bleakest forecasts he writes, “AI will destroy the whole lot finally—not maliciously, however systematically. And the financial system we’ve constructed on prime of shortage, debt, and centralisation shouldn’t be geared up to outlive it.”

Visser closes by channelling Saylor’s mantra—“You don’t discover Bitcoin, Bitcoin finds you”—to clarify why adoption is rising first within the periphery: retail buyers in rising markets, smaller corporations outcompeted by big-tech AI monopolies, and early-mover states reminiscent of El Salvador.

“This bottom-up basis is setting the stage for a future top-down capital rotation as FOMO and greed finally pressure increasingly more of the doubters in,” he concludes. “That’s why Bitcoin is, in some ways, the purest AI commerce—an opt-out of a system being reshaped by intelligence nobody absolutely controls.

At press time, BTC traded at $104,816.

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