Jordi Visser, Head of AI Macro Research at 22V Research, asserts that artificial intelligence is set to exert a greater economic influence than oil ever did. This transition marks a dramatic increase in compute demand, moving beyond simple chatbots to advanced AI systems. Visser notes that compute needs have already surged a thousandfold, signaling a profound shift in technology utilization.
He predicts Consumer Price Index (CPI) will exceed 4% year-over-year in the coming months, impacting market strategies. Visser identifies the optimal time to invest in stocks as occurring when market sentiment turns toward recession, a period he anticipates within the next six weeks.
Regarding Bitcoin, Visser clarifies its value is fundamentally tied to wealth generated within the fiat system, not new money. He emphasizes that Bitcoin's value should not be assessed using traditional discounted cash flow models due to its lack of inherent cash flows. Despite current narratives potentially appearing unattractive, especially when compared to gains in major tech stocks, Visser maintains Bitcoin's importance as traditional investment avenues falter.
Furthermore, Visser highlights that enterprises will face significant challenges adapting to productivity gains driven by entrepreneurs leveraging new technologies. He also forecasts that the unemployment rate is unlikely to rise substantially, citing persistent labor shortages and demographic factors.