Has Bitcoin Bottomed? Jordi Visser on AI, Inflation, and Moats

Has Bitcoin already bottomed, or are investors still looking at the wrong signals? Jordi Visser joins Bankless to argue that AI is destroying software moats, reshaping inflation, and pushing capital toward scarce assets, with Bitcoin at the center of that shift. We get into his “AI is the new QE” thesis, the scarcity-versus-abundance portfolio, why the S&P may struggle in an AI regime, what a more muted Bitcoin cycle looks like, and where he still sees upside across the rest of crypto. --- 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 --- BANKLESS SPONSOR TOOLS: 🔮POLYMARKET | PREDICTION MARKET 🟦 COINBASE ONE | GET 20% OFF 🦊 METAMASK | DOWNLOAD NOW 🌐BRIX | EMERGING MARKET YIELD 💰NEXO | YIELD + CREDIT LINE 🧭OKX | TRADE, EARN, PAY --- TIMESTAMPS 0:00 Intro 2:07 Jordi’s bold Bitcoin call 4:18 The AI endgame lands at Bitcoin 9:26 Bitcoin as the purest AI trade 12:49 SaaSpocalypse, quantum fear, and the private credit risk 20:49 AI is the new QE 26:55 Inflation, deflation, and the scarcity squeeze 34:28 What happens to stocks from here 44:24 Is AI a bubble? 48:17 The Bitcoin IPO and muted cycles 1:01:01 Has Bitcoin already bottomed? 1:09:03 The broken social pact 1:13:21 The rest of crypto, from ETH to stablecoins 1:17:29 Inside the scarcity portfolio 1:20:42 Jensen vs. Dwarkesh, China, and the chip war 1:27:42 Jordi’s AI stack and where to follow his work --- RESOURCES Jordi Visser Jordi’s Substack --- Not financial or tax advice. See our investment disclosures here:

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Has Bitcoin Bottomed? Jordi Visser on AI, Inflation, and Moats is an episode from Bankless by Bankless.

This episode is 119:30 long.

This episode was published on Apr 27, 2026.

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