The Pomp Podcast

Jeff Park, Partner and Chief Investment Officer at ProCap Financial, gives macro and crypto-focused perspectives. He discusses whether bitcoin is in a bear market and shifting correlations with liquidity. He contrasts different narratives of bitcoin tied to interest rates, examines Kevin Warsh’s potential Fed role, and reasons why precious metals and silver are rallying now.

A tight look at whether Bitcoin is in a bear market, exploring how halving cycles and a volatility drop change drawdown expectations. The impact of Wall Street tools, ETFs, and options on price dynamics gets unpacked. Discussions cover miner hash rate shifts, potential forced-selling risks from lending and treasuries, and why gold can rally while Bitcoin lags.

Jordy Visser, a 30+ year macro investor and VisserLabs Substack author, breaks down Fed rate pauses and the risk of a lagging central bank. He links AI-driven compute demand to commodity shortages and talks about pricing assets in gold terms. He also explores scarce physical inputs like silver, chips, and energy and why rotation from software to hardware matters.

Peter Schiff, chief economist and long-time gold advocate, argues from a precious-metals and macro risk perspective. He debates tariffs, inflation measurement, and whether a weaker dollar helps or hurts. They spar over gold versus bitcoin, mining stocks, and the prospects for U.S. manufacturing in a shifting global trade and monetary landscape.

Bob Murphy, Senior Fellow at the Mises Institute and chief economist at Infineo, brings an Austrian-economics lens. He explains why gold has outpaced bitcoin, dives into Fed politics and its market influence, and examines tariffs, stablecoins, and how economic data can be interpreted.

Discussion of why gold, silver, copper, and platinum are rallying while bitcoin lags. Exploration of macro and industrial demand driving the metals surge. Examination of how Wall Street adoption has reshaped bitcoin’s market structure. Consideration of inflation expectations, global stability, AI, and competition for capital and attention.

Jordi Visser, veteran macro investor and author of VisserLabs with 30+ years of market experience. He explores a scarcity-driven rotation into bitcoin and metals. He discusses silver as a critical industrial metal and bitcoin’s potential short squeeze. He links memory-chip shortages, AI and robotics to capital rotation and the deflationary pressures of automation.

Kaz Nejatian, CEO of Opendoor and former Shopify product leader, focuses on reducing friction in housing to expand access to homeownership. He talks about rising transaction costs, using liquidity to speed home sales, AI-native mortgages, modern underwriting, and running a fast-feedback, transparent company. Short, sharp takes on policy, interest rates, and leadership keep the conversation moving.

Andrew Parrish, co-founder of Arch Public and expert in systematic crypto trading, dives deep into the future of finance. He discusses the impact of the NYSE's shift towards tokenization and contrasts traditional finance with innovative platforms like Coinbase and Robinhood. The conversation explores the rise of algorithmic trading in crypto, the implications of the Clarity Act on regulation, and how AI tools are revolutionizing product development at Arch Public. Parrish also addresses concerns around asset sovereignty and taxation in the evolving crypto landscape.

In this engaging discussion, veteran macro investor Jordi Visser shares insights from over 30 years in the market. He explores Bitcoin's potential as a scarcity hedge in a world transformed by AI. Visser discusses the impacts of deflation and how asset rotation might favor Bitcoin over tech giants. The conversation touches on the evolving role of humanoid robots, the implications for productivity, and how tokenization can unlock wealth. Lastly, he reflects on monetary policy and its relevance to a rapidly changing economic landscape.