Veteran Wall Avenue investor Jordi Visser warns by way of X that market-moving headlines about tariffs are masking a deeper secular flip—one which, in his view, is already accelerating the re-pricing of each long-duration asset and handing Bitcoin an historic tail-wind.
Visser, whose three-decade résumé spans buying and selling desks from Salomon Brothers to the $25 billion multi-strategy fund he now helps steer, opened his thread with a provocation: “Everybody’s speaking about tariffs. However what if I instructed you they’re simply noise—and the actual financial shift is already underway?”
The ‘Quiet Rise’ Of Bitcoin
The investor’s argument begins with the composition of the US financial system. “Most individuals nonetheless consider tariffs will set off a recession. However the US is a service-based financial system—$14-plus trillion in companies versus $2.3 trillion in items. Jobs in items manufacturing? Flat since 1965, regardless of 150 million extra folks,” he wrote. In different phrases, Visser contends, the standard tariff-recession playbook fails to seize the place fashionable financial sensitivity really resides.
As a substitute, he factors abroad, singling out the current volatility of the New Taiwan greenback. “The actual canary within the coal mine? The Taiwan greenback. It simply made its quickest transfer in many years. This indicators a large shift: Asia could also be unwinding $2.5 trillion in greenback reserves. The period of greenback privilege is ending.” For Visser, that potential draw-down in foreign-held Treasuries shouldn’t be an summary fear however a mechanical supply of upward stress on rates of interest. “Shedding reserve forex standing = rising rates of interest. Why? No extra synthetic demand for Treasuries. Charges are rising regardless of Fed cuts,” he famous.
Increased borrowing prices, he argues, land hardest on belongings whose cash-flow realisation lies furthest sooner or later. Synthetic-intelligence breakthroughs compound the problem, making it tougher for long-duration enterprise fashions to justify lofty multiples whereas concurrently accelerating aggressive disruption. “Any asset priced based mostly on a valuation on the hope of the longer term is now harm by rising charges and exponential AI,” Visser mentioned, including that enterprise capital, personal fairness and large-cap tech—“as soon as winners in a low-rate world—at the moment are susceptible.”
In opposition to that backdrop, Bitcoin emerges because the shock beneficiary. Visser highlighted “19 straight days of ETF inflows,” rising institutional allocations and even “state-level reserves forming” as proof that the digital asset is maturing right into a macro-hedging instrument simply because the legacy charge regime pivots. He summarised the divergence bluntly: “Whereas the legacy system shakes, Bitcoin is surging… But no one’s watching. That’s your sign.”
The thread’s ultimate message fuses the 2 technological vectors Visser believes matter most proper now. “AI is scaling sooner than Moore’s Regulation. Bitcoin is quietly changing into a world reserve asset. And the monetary system is being rebuilt in actual time. Cease taking a look at 1900s tariffs—begin taking a look at what’s subsequent.”
Visser stops in need of forecasting a selected value for Bitcoin or a goal stage for US yields, however his framework implies {that a} world of structurally increased actual charges and quickly advancing AI capabilities tilts the chance–reward steadiness towards scarce, non-sovereign collateral.
At press time, BTC traded at $104,718.
Featured picture created with DALL.E, chart from TradingView.com
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