Gold\u2019s a different story<\/a>. Sovereign wealth funds already own it. Central banks already own it. Hedge funds love to buy gold. Bitcoin? Not yet.\u201d He emphasized that Bitcoin\u2019s moment will likely come not amid the crisis itself, but in its aftermath, when monetary authorities begin resorting to aggressive stimulus\u2014what he termed \u201cdebasement,\u201d historically the go-to solution in past crises.<\/p>\nVisser was adamant that despite Bitcoin\u2019s price inertia, it is in fact doing its job: \u201cBitcoin is the digital asset of the digital economy.\u201d In his view, the current turmoil marks the transition from a unipolar, dollar-centric world to a fragmented, multipolar one. \u201cWe\u2019re entering a new world, and this new system is decentralized,\u201d he said. That transition, accelerated by both geopolitical fragmentation and advances in AI, is unlikely to be smooth. Visser predicts increased volatility and declining trust in legacy financial infrastructure, which could serve as long-term tailwinds for Bitcoin.<\/p>\n
His analysis ties Bitcoin\u2019s trajectory closely to global liquidity cycles, noting that much of the world\u2019s debt is denominated in US dollars. As such, a falling dollar paradoxically boosts liquidity globally, particularly for emerging markets and risk assets. \u201cBitcoin will be four to eight weeks\u2014four to 10 weeks\u2014later,\u201d he said, referring to its lagging correlation with liquidity expansions. \u201cYou\u2019ll look back eight weeks from now and say, \u2018I can\u2019t believe I didn\u2019t see they were going to print to stop this thing.\u2019 They do it every single time.\u201d<\/p>\n
Still, he was clear-eyed about the near-term structural headwinds. Institutional allocators, especially hedge funds, face two major constraints: investor redemptions and prime broker margin requirements. \u201cWall Street has an embedded side that prevents them from going through it,\u201d Visser explained. \u201cRetail just buys more on the dip. Wall Street can\u2019t.\u201d<\/p>\n
Even in the face of institutional hesitancy, Visser underscored that the global conversation around trade, capital flows, and currency trust is now permanently altered. \u201cDoes the US want to be the reserve currency anymore?\u201d he asked. \u201cFrom a government official perspective in trade, it\u2019s no longer the reserve currency. The trade deficit has been put in by the administration.\u201d<\/p>\n
The consequence, he warned, is that the US is now effectively exporting fiscal deficits to other nations as global trade recedes. In such a world\u2014where nationalism replaces globalism and bilateral trust continues to erode\u2014Visser believes decentralized systems will inevitably grow more relevant.<\/p>\n
\u201cI do think the agreement will end up being that decentralization will speed up from here because of AI and because of crypto,\u201d he said. But he cautioned that while the architecture is being laid, mainstream acceptance remains gated by perception, policy, and institutional adoption cycles.<\/p>\n
In sum, Visser sees Bitcoin not as a failed safe haven, but as an emergent asset still waiting for its structural breakout moment. Until Wall Street stops viewing Bitcoin as a risk-on tech proxy\u2014and until central banks inevitably revert to monetary stimulus\u2014BTC will remain in the shadows of gold. But he was unequivocal in where he believes it\u2019s headed. \u201cWe are getting closer to that day every single day,\u201d he said, referring to the moment when Bitcoin\u2019s role in the global capital system finally clicks into place.<\/p>\n
As Visser sees it, the system may be broken\u2014but that\u2019s precisely how something new gets built.<\/p>\n
At press time, BTC traded at $84,689.<\/p>","protected":false},"excerpt":{"rendered":"
Last week was defined by simultaneous declines in US equities, Treasurys, and the dollar\u2014an exceptionally rare trifecta that macro investor Jordi Visser described as the moment \u201cthe system officially broke\u201d\u2014Bitcoin\u2019s price action has remained conspicuously muted. Despite gold rallying over 4% in just a few days, Bitcoin has failed to respond with comparable strength, a […]<\/p>\n","protected":false},"author":0,"featured_media":59119,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-59118","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/59118"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=59118"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/59118\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/59119"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=59118"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=59118"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=59118"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}