A recent market meltdown saw stocks, bonds, and the dollar all tanking at the same time – a super rare event. Interestingly, Bitcoin didn’t react as dramatically as some expected. While gold jumped over 4% in a few days, Bitcoin stayed relatively calm. Why? According to veteran Wall Street investor Jordi Visser, it’s because of deep skepticism from big institutional investors.
Wall Street’s Bitcoin Blind Spot
Visser, a seasoned investor with decades of experience, explained that Wall Street still sees Bitcoin as just another tech stock (like those on the NASDAQ). They don’t see its potential as a safe haven asset like gold. He believes Bitcoin’s big price surge will happen when governments start printing money again to fix the current economic problems – something he believes is inevitable.
Gold vs. Bitcoin: A Tale of Two Assets
Visser points out a key difference: Gold is already held by major players like sovereign wealth funds and central banks. Bitcoin? Not so much. He thinks Bitcoin’s time will come after the current crisis, once governments resort to stimulus packages.
Bitcoin’s Silent Role
Despite its current price action, Visser believes Bitcoin is doing exactly what it’s supposed to do: It’s becoming the digital asset of the digital economy. He sees the current market turmoil as a shift from a world dominated by the US dollar to a more decentralized, multipolar system. This transition, fueled by geopolitical changes and AI advancements, will likely be bumpy.
The Future of Bitcoin
Visser predicts more market volatility and less trust in traditional finance, which should benefit Bitcoin in the long run. He notes that Bitcoin’s price often lags behind changes in global liquidity. He expects Bitcoin to react to increased money printing in the coming weeks.
However, he acknowledges that Wall Street faces hurdles, including investor withdrawals and margin requirements, preventing them from quickly buying Bitcoin during dips.
A New World Order
Visser believes the global conversation about trade, currency, and trust has changed forever. The US dollar’s role as the world’s reserve currency is weakening. This shift towards nationalism and less international cooperation will likely boost the appeal of decentralized systems like Bitcoin.
While the groundwork for Bitcoin’s widespread adoption is being laid, mainstream acceptance still depends on public perception, government policies, and institutional buy-in.
The Bottom Line
Visser doesn’t see Bitcoin as a failure; rather, he sees it as an asset waiting for its big moment. Once Wall Street changes its perspective and governments resort to stimulus, Bitcoin’s true potential will be unleashed. He’s confident that day is coming. The current system might be broken, but that’s often how something new gets built.
(Note: BTC price at the time of writing was $84,689.)
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