Jordi Visser (@JordiVisserLabs) is a veteran macro investor with 30+ years of market experience and the author of the VisserLabs Substack. This was recorded live at the Real Vision 2026 Crypto Gathering. In this conversation, we discuss the scarcity trade across markets, bitcoin’s potential short squeeze, silver’s role as a critical industrial metal, and the inflation vs. deflation debate. We also explore how AI, robotics, and productivity shifts could reshape markets in the years ahead. 🔊 Audio Podcast Lis ...

Go back to 1990. The average American would have had to spend four times their annual salary to buy a home. It is now almost six. The cost of housing because of the friction has gone disproportionately high while mortgage rates have calmed down. Just because the asset size is large doesn't mean friction needs to be high. In fact, the fact that asset size is high means friction should be lower because market should clear more easily. Like the mortgage industry is a highly sophisticated one. These assets can ...

If larger markets are going to mirror crypto markets in the future and everything's going to be 247 trading, 24-hour trading, 7 days a week, always on, never off, it it now becomes a just a reality that you're going to have to get your hands on tools [music] that are there for you while you sleep. your ability to affect transactions without emotion [music] and to not get beat uh by institutional algorithms. You have to get your hands on it and that's where we're headed.What's going on guys. Today we've got ...

I want to be investing in scarcity. I do not want to be investing in things that are abundant that you don't need. I don't And abundance comes into if it's something physical like a house, can a humanoid be used in 10 years to build a house at a cheaper price than it is today? Absolutely. >> 100%. >> Everyone needs to think about them. only thing that I can come up with that right [music] now I I like Bitcoin has been chosen by hundreds of millions of people around the world that it is something [music] I b ...

Going back to the Sunday night with the Powell video being posted, I was more surprised and maybe even disappointed that Bitcoin didn't react because to me that seems like the exact kind of news flow that would enthuse the social mission of Bitcoin. But Bitcoin didn't move very much when it was an outside asset class and deemed kind [music] of like untouchable. It behaved more like the way you expect it as a hedge to like world peace.But now because of the institutionalization of Bitcoin itself. What's goin ...

What's going on, guys? Today we got a great conversation with John Pompiano. In this conversation, we talk about what's going on with Jerome Powell. He's in hot water, inflation, monetary policy, how it's impacting the market, what's going on with Bitcoin, and then we talk a little bit about the NYC token and what Eric Adams got himself into as well. All that and more in this conversation with John Pompiano. All right, John, what's the first topic? >> All right, Jerome Powell seems to be the guy, talk of th ...

That's the societal thing that has me focused on Bitcoin because I believe capitalism is ending and people don't want to hear that but I believe it's ending because artificial intelligence and Mark Andre talks about this. This is the most unbelievable technology investment like scene I've seen. But the competition is intense [music] and the ability of getting a moat around your business is impossible.You need more storage. You need more places to run these things. The hyperscalers need data centers [music] ...

The draw downs in Bitcoin are no longer that violent in the way that it doesn't stay there for very long. How people want to position across three different categories of meta is going to mean whether they make it or they don't make it. And the three metas that I chose were one geopolitics, two AI, and three culture.And all of those three in the first week of January have hit. Geopolitics, man, what a thing to wake up to one day and realize that Maduro has been captured and brought to New York overnight. Th ...

We're in the everything bubble, right? This is a stage four cancer to the extent that absolutely everything is now out of reach. Everything from finance to to social stuff to politics is really way more screwed up looking than it used to look. Either we are in a fundamental change, which you [music] Bitcoin guys are certainly betting on, or there will be some reckoning days. Actually, you can't help but conclude that somewhere between 2040 and 2075, we're going to be back to to the 2000 peak. [music] All ri ...

What's the biggest risk for next year. There's no sign of anything going on. So, the only thing people can hang on is the AI bubble.I think that feeds into Bitcoin as well because I I don't worry about years like this when we have backto-back 100% years in Bitcoin and then we have a horrible year where it's down 6%. I'm not worried about Bitcoin going forward. What I am worried about is What's going on guys.Today we got a great conversation with Jordy Visser to kick off the new year. We talk about what happ ...