Is Bitcoin The ONLY Safe Haven Now? | Jordi Visser

The Pomp Podcast

Anthony Pompliano

Business, Investing

4.8 • 1.9K Ratings

🗓️ 11 October 2025

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

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Summary

Jordi Visser is a macro investor with over 30 years of Wall Street experience. He also writes a Substack called “VisserLabs” and puts out investing YouTube videos. In this conversation, we discuss whether there’s a bubble forming and where Jordi stands — bullish or bearish, we dive into the AI trade, the supply and demand imbalance driving energy and infrastructure, the growing “debasement trade” as institutions allocate to Bitcoin and gold, we explore capitalism vs. socialism, humanoid robots, and the macro forces shaping the markets today.

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Timestamps:

0:00 - Intro
0:47 - Bubble talk is dominating the market
7:06 - The $7 Trillion AI infrastructure boom
10:03 - Impact of AI adoption
13:36 - AI job fears and market correction warnings
19:18 - Credit events and private credit risks
26:16 - Why the debasement trade is happening now: gold and bitcoin
39:05 - The rise of humanoid robots
44:06 - Outlook on compute, power, and the market

Transcript

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0:00.0	The government next year for the midterm elections, in my opinion, is going to have to do things that are going to be viewed as printing money. I just, I don't know what to see, whether it's tax rebates, whether it's getting involved in the housing market, whatever the case is. There's going to have to be more things that are pro Bitcoin. It has to be. And the reason is. What's going on, guys? Today we got a great episode with Jordi Visser. In this conversation, we break down. why is everyone think that there's a bubble?
0:23.9	And does Jordi agree? Is he bearish or bullish right now? On top of that, we get into the AI trade, why there is such a supply and demand imbalance in all the things around energy and infrastructure. Then we talk about the debasement trade, why institutions now are willing to allocate to Bitcoin and gold. We even get into some talk about capitalism, socialism, and humanoid robots. We go all through the topics that happened this week. I'm excited for you guys to be here. Here's my latest conversation with Jordy Visser. All right, Jordy, we got a lot to get through this week. So we're going to go fast and furious. First up is bubble talk is dominating the market. Everyone is
0:55.0	yelling bubble, bubble, bubble, which makes me think maybe if everyone's looking for a bubble,
0:59.2	we're not in one, but what do you think? So everyone who's bearish is talking bubble,
1:05.3	but everyone who's bullish is worried about a bubble. I've never seen anything kind of like this.
1:10.4	Retail, different story. I don't talk to retail, so I don't think they're worried about a bubble. I've never seen anything kind of like this. Retail, different story.
1:11.7	I don't talk to retail, so I don't think they're worried about this. But on the institutional
1:16.3	side, it feels like a bubble. It looks like a bubble. I will say this. I was in Brazil in 97 and
1:24.4	98 and left in January of 99. And at that time, the dot-com bubble, quote-unquote bubble was
1:32.6	going on. So I flew back, got a nice promotion at Morgan's ceiling. I took over the largest
1:37.4	option book at the firm, the S&P book. And so now I was talking to institutions in the U.S.,
1:43.6	but also seeing people in America.
1:46.8	And it was very clear to me in terms of a bubble.
1:50.6	There's been a lot of publications that have come out this week in articles that have been sent to me because I do my video.
1:56.1	And all I talk about is how don't fade AI.
1:59.3	And so everyone now is concerned and they wanted my take on things.
2:02.1	And I would say every single thing that gets sent my way is either clickbait or it's people
2:07.6	that were bearish in April and May probably sold out of their AI trades and just have not
2:13.0	had the opportunity to get back in because they were worried about the tariffs. And I think that's
2:17.0	a dominant theme. And I think that's a dominant theme.
2:17.8	And I think that's what people need to recognize.
2:20.3	The dot-com bubble was a buildout that occurred with sentiment at all-time highs.
	...

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