The Pomp Podcast

Jordi Visser, a seasoned macro investor with over 30 years on Wall Street and creator of VisserLabs, shares his insights on the evolving landscape of Bitcoin and AI. He discusses the crucial impact of institutional adoption and the volatility in Bitcoin's price. Jordi explores how advancements in AI drive economic change and productivity, while also scrutinizing deflationary pressures and the emerging significance of physical AI in industries. The conversation highlights the potential shifts in job markets and the overall economy in the face of these trends.

Seamus Rocca, CEO of Xapo Bank and expert in Bitcoin custody, discusses the nuances of Bitcoin adoption beyond the mainstream narratives. He reveals that older, conservative users are now embracing Bitcoin, particularly in regions facing hyperinflation. Rocca highlights how Bitcoin ETFs are accelerating product innovation and reshaping demand for corporate treasuries. He also shares insights on Zapo's security measures and predicts future trends like stablecoin adoption and a focus on high-touch service in crypto banking.

Darius Dale, Founder and CEO of 42 Macro and expert in monetary policy, discusses the intricate dynamics within the Federal Reserve. He explores the growing divisions among policymakers and the impact of political versus economic drivers on decisions. Dale highlights the uncertainties surrounding potential Fed cuts and the K-shaped recovery affecting different sectors. Additionally, he shares insights on managing Bitcoin volatility and discusses strategies to navigate the current market landscape.

Jeff Park, Partner and Chief Investment Officer at ProCap BTC, dives into the complex world of Bitcoin and macro finance. He discusses the ongoing FUD around Tether and why crypto sentiment is so low despite favorable conditions. Park highlights Bitcoin's distinction as a macro asset versus altcoins, shedding light on the shifting institutional behaviors affecting price. He also clarifies Tether's financial health and explains how recent shifts in liquidity could signal new opportunities in the Bitcoin market.

Bitcoin's recent drop of 40% sparks a lively discussion on market volatility and historical cycles. The hosts explore the implications of a potential Trump-appointed Fed chair and how it might reshape economic policies. They highlight the impact of political biases on financial decision-making and emphasize the need for clear thinking. Additionally, Michael and Susan Dell's $6.25 billion donation to foster youth investment accounts is celebrated as a significant step towards building the next generation of wealth.

Natalie Brunell, a prominent bitcoin journalist and educator, dives deep into the state of Bitcoin and its role in today’s economy. She discusses how rising inflation impacts affordability and why Bitcoin is a better long-term investment compared to gold. Natalie highlights the increasing role of Wall Street in Bitcoin adoption and the importance of self-custody. She also sheds light on the significance of stablecoins, the potential for financial freedom through Bitcoin, and initiatives aimed at making Bitcoin accessible to women, emphasizing its transformative power.

The discussion dives into whether Bitcoin has truly reached its bottom and examines the impact of market psychology and institutional constraints on volatility. They challenge traditional poverty metrics, arguing that the actual poverty line may be higher than reported. The hosts also explore the implications of rate cuts, declining inflation, and the influence of immigration and AI on the economy. Personal finance education is emphasized as a crucial tool for improving financial outcomes for Americans.

Matthew Siegel, Portfolio Manager at VanEck, dives into the institutional appetite for Bitcoin, highlighting a decline in trading volumes amid a market drawdown. He elaborates on three key indicators to assess Bitcoin's trajectory: global liquidity, crypto leverage, and on-chain activity. Siegel discusses strategies like dollar-cost averaging for buying during volatility and shares insights on investing in crypto-linked equities, miners, and the implications of AI on the market. He also reflects on stablecoins and the long-term potential of the digital asset landscape.

Jordi Visser, a macro investor with over 30 years on Wall Street and writer for VisserLabs, shares insights on the current market landscape. He discusses the recent spike in investor fear and what it means for Bitcoin's volatility. Jordi examines the K-shaped economy driven by AI, market reactions to strong tech results, and potential signs of a market reversal. He explores the complex interplay of retail selling, Asia's growth slowdown, and the impact of debt in tech. Tune in for an engaging analysis of what lies ahead for investors.

Jeff Park, Partner and Chief Investment Officer at ProCap BTC, delves into Bitcoin's recent price drop and the potential for a bear trend. He discusses liquidity pressures, the influence of leverage and futures, and how institutional demand shapes the market. Park explores endowment strategies like Harvard's, highlighting varied investment approaches. Despite the downturn, he finds glimmers of optimism, identifying factors that could trigger a dramatic price increase. He also raises concerns about risks like fake news and quantum computing threats.