The Pomp Podcast #1523 Jordi Visser | Bitcoin Holds Strong As Stocks CRASH
23 snips
Apr 5, 2025 
Jordi Visser, a macro investor with over 30 years on Wall Street, shares his insights on today’s chaotic market. He discusses the imminent risks of recession and the impact of tariffs on globalization. Notably, Visser highlights Bitcoin's resilience amidst stock market downturns, advocating for its role as a potential safe-haven asset compared to gold. He also contrasts generational views on market volatility, showcasing how younger investors perceive downturns as opportunities. Tune in for strategies to navigate this turbulent financial landscape!
AI Snips
Chapters
Transcript
Episode notes
Tariff Impact on Stocks
- Stocks fell because the earnings hit from tariffs will be real for many companies.
- The market wasn't prepared for tariffs this large, and a recession probability of 50% is now built into stock prices.
Recession Unlikely Despite Odds
- Despite recession odds above 60%, the US economy has no job losses and is still creating jobs.
- A recession is unlikely in a service-based economy with growing income and high transfer payments.
Bitcoin's Resilience Against Tariffs
- Bitcoin outperformed the MAG-7 stocks during both bull and bear markets, and is currently outperforming even more after the tariff announcement.
- This suggests a potential narrative shift, where Bitcoin is seen as being outside the traditional globalized system affected by tariffs.