Bitcoin's Decline Linked to Artificial Intelligence Disruption

Jordi Visser, an experienced figure in the financial world, has provided insight into the current state of the cryptocurrency market and the global economy. He suggests that the impact of artificial intelligence on the software industry is directly affecting Bitcoin's short-term performance.

Visser argues that Bitcoin is no longer acting as a defensive asset but rather as a growth asset, closely tied to the software industry. This is due in part to the disruption caused by artificial intelligence in the sector, leading to value losses for software-based companies (SaaS).

The rise of stablecoins has also contributed to this shift, with Visser pointing out that their transaction volumes have reached $10-11 trillion in January, comparable to Mastercard's annual transaction volume. This signals a significant change in the financial system.