Job Market Weakness Seen as Bullish Signal for Bitcoin

Wall Street veteran Jordi Visser believes any weakness in the job market will be positive for Bitcoin. He thinks AI-driven disruptions in the labor market are creating structural economic tensions that central banks, particularly the Federal Reserve, cannot adequately address with conventional monetary tools.

Visser, head of AI Macro Nexus Research at 22V Research, stated that people who feel displaced by this transformation would turn to Bitcoin and other alternatives as a hedge against institutional collapse. This, he argues, would boost Bitcoin's position as a scarce asset independent of human labor.

Visser also emphasized the importance of Bitcoin in investment portfolios, stating that even if Bitcoin falls well below $60,000, it won't concern him. He brushed off the idea that the cryptocurrency is in a 'bubble.'