Bitcoin, AI & the Next Macro Shift Investors Aren’t Ready For | Jordi Visser - The Pomp Podcast Recap
Podcast: The Pomp Podcast
Published: 2025-12-20
Duration: 47 minutes
Guests: Jordi Visser
Summary
Jordi Visser delves into the implications of recent CPI data on the Federal Reserve's future actions, examines the transformative impact of AI on the labor market, and discusses investment strategies amid shifting macroeconomic trends. He also analyzes Bitcoin's stability and potential growth in a rapidly evolving financial landscape.
What Happened
Jordi Visser starts the discussion by examining the latest CPI data, noting that the direction of inflation is more significant than the current figures. With gas prices at a four-year low and decreasing wages, he predicts that the Federal Reserve may raise rates next year, focusing more on the labor market risks than inflation itself. Visser points out that AI is playing a crucial role in disrupting the labor market by capping wage growth and is expected to be a disinflationary force moving forward.
Visser shifts to the outlook for 2026, weighing in on the ongoing debate between rate hikes and cuts. He references the White House's optimistic economic predictions, which include rising real wages and a robust GDP growth rate. However, he cautions that a potential 20% market correction could occur next year due to market rotations and global economic shifts.
The conversation then explores AI's pervasive influence across industries, with Visser discussing Jim Chanos' bear case on AI and its perceived market bubble akin to the dot-com era. He highlights the rapid growth in AI revenues, exemplified by Harvey AI's swift rise to $100 million in annualized revenue, and notes the challenges and opportunities for investors in public markets.
Visser addresses the challenges of AI adoption, particularly in enterprise settings, and how AI is changing content creation and the future of work. He underscores the difficulty AI faces in replicating human emotion and personal experiences, which remain vital in storytelling and creative fields.
Turning to Bitcoin, Visser observes its current price stability as a positive sign, with potential for future growth despite AI drawing investment away from it. He mentions the concept of a 'silent IPO' and how this stability could signal a maturing asset class.
The episode concludes with Visser recommending resources like Annie Duke's 'Thinking in Bets' for understanding AI's implications and Admiral McRaven's 'Make Your Bed' for broader life lessons. Visser offers a glimpse into his upcoming work and invites listeners to follow his insights through his Substack, VisserLabs.
Key Insights
- AI is expected to act as a disinflationary force by capping wage growth, which may influence the Federal Reserve's decision to focus more on labor market risks than inflation in future rate adjustments.
- A potential 20% market correction could occur next year due to market rotations and global economic shifts, despite optimistic economic predictions from the White House.
- Harvey AI has rapidly achieved $100 million in annualized revenue, highlighting the swift growth in AI revenues and the challenges and opportunities it presents for investors in public markets.
- Bitcoin's current price stability is seen as a sign of a maturing asset class, with the concept of a 'silent IPO' suggesting potential for future growth even as AI draws investment attention away from it.