Is Bitcoin Ready To Rip While Wall Street Breaks?

Jordi Visser argues that the hedge fund industry is being squeezed by a market regime where AI is inevitable, leverage is becoming more dangerous, and crowded relative-value trades are breaking down. He compares the current unwind to LTCM: not because AI is about to fail, but because capital structures built around leverage and volatility assumptions are getting stressed while the underlying trend remains intact. In his view, the biggest blowups are happening in hedge funds, private credit, VC, private equity, bonds, and real estate because those assets are more vulnerable to liquidity repricing than companies with real AI-linked demand.

He also argues that Bitcoin has been unusually strong because it is acting as a defensive store of value while other markets struggle. Jordi Visser says CPI is mostly noise in this environment, because inflation readings do not change the AI-driven investment landscape or the broader scarcity of good opportunities. Instead, he thinks tokenization will matter more: it will create clearing prices, unlock trapped capital, and pressure hedge funds and private markets that rely on illiquidity.

On AI model economics, Visser expects Anthropic and OpenAI to keep growing, but he thinks their per-customer token usage and pricing power will come under pressure as enterprises shift toward open source and sovereign control. He says the long-term winners will be the companies building the compute, infrastructure, and agentic workflows, while Bitcoin remains the hedge if his worldview is right.