Analyst Jordi Visser discussed future trends in the Bitcoin market and the influence of youth on the financial system in a podcast with entrepreneur Anthony Pompliano.
Pressure on the Financial System
Visser noted that young people, particularly those under 25, are losing faith in the existing financial system due to rising economic inequality, job losses from automation, and uncertainty surrounding traditional capitalism. "Younger people don’t have a belief that the system will come back," Visser said, highlighting that the financial system appears to worsen each year in the eyes of the youth.
AI and Capitalism
The analyst also emphasized that advancements in artificial intelligence and humanoid robotics could permanently disrupt capitalism by reducing the need for human labor while concentrating wealth among a small segment of society. Visser believes that if wealth remains concentrated while inequality continues to widen, societal instability will become inevitable. "I started heading down this journey in 2013 about exponential innovation and the dangers it would have on the fabric of capitalism," he stated.
Bitcoin's Future Prospects
According to Visser, the ongoing erosion of trust in traditional financial systems and the challenges posed by automation may lead more people to view Bitcoin as a secure alternative store of value. "When you start bringing Waymo and driving those cars into Manhattan, I think that’s a wake-up call," he remarked, referencing past protests by Uber drivers to illustrate how technological disruption can reshape society.
Jordi Visser's analysis suggests that demographic changes and technological advancements could position Bitcoin favorably for the future, despite its short-term volatility.
