Macro investor Jordi Visser warns that tokenization will become a significant economic force by summer, impacting inflation and supply-demand dynamics more than expected.
He links current parabolic asset price movements to the growing demand for AI inference, noting that AI's transition from inference to action has already increased token demand and revenue growth exponentially.
The technology sector faces a critical race against obsolescence, especially at the hyperscaler level, pushing companies to rapidly expand capabilities. Meanwhile, the need for optical fiber is critical as AI advancements reshape data center requirements.
Visser emphasizes that compute resources are now central to both AI and crypto, with data centers becoming increasingly valuable as companies pivot their business models. The US is experiencing significant technology imports related to AI and data center build-outs, further underscoring the supply-demand imbalance that investors must consider.