Jordi Visser "AI-induced employment shock, a catalyst for Bitcoin (BTC) demand"

▲ Artificial Intelligence (AI), Labor Market, Bitcoin (BTC)/AI Generated Image

A Wall Street veteran has diagnosed that the more artificial intelligence (AI) shakes up the job market, the more it could actually be a boon for Bitcoin (BTC). The argument is that if trust in existing systems is shaken by job insecurity, attention could shift to Bitcoin, a scarce asset independent of labor.

According to cryptocurrency media outlet Benzinga on July 6 (local time), Jordi Visser, Head of AI Macro Nexus Research at 22V Research, expressed a negative outlook on the job market in an interview with entrepreneur and investor Anthony Pompliano. Visser said, "I am much more negative on the prospect of the job market improving," adding, "When employment weakness stemming from AI automation systems begins to appear, it will be positive for Bitcoin."

Visser's argument is based on the analysis that while AI is causing structural shocks to the labor market, central banks, including the Federal Reserve (Fed), find it difficult to respond with existing monetary policy tools alone. He argued that "people who feel left behind by the changes" may shift to alternative assets, including Bitcoin, to avoid the risk of systemic collapse. This explains how Bitcoin's position, maintaining scarcity regardless of labor, could be strengthened.

Visser had previously warned that Bitcoin would struggle to rise while funds were concentrated in AI-related stocks. He pointed out that it would be difficult for Bitcoin to continue appreciating when money flows into assets that generate real profits. This perspective suggests that the flow of funds towards AI stocks and the weakening job market could have different effects on Bitcoin.

Despite short-term price fluctuations, he maintained confidence in Bitcoin's role as an investment asset. Visser stated that he would not be concerned even if Bitcoin fell significantly below $60,000, and he also drew a line against claims that Bitcoin is in a bubble.

The key variable Visser highlighted is the impact of AI proliferation on wages and the job market. Visser argues that once the weakening of the job market becomes fully apparent, anxiety about existing systems will combine with demand for scarce assets, potentially re-emphasizing Bitcoin's role as an investment asset.

[Article Key Summary]

-A Wall Street veteran predicts that the weakening job market due to AI proliferation could positively impact Bitcoin.

-Jordi Visser argued that people who feel left behind by job changes might choose alternative assets like Bitcoin to avoid the risk of systemic collapse.

-Visser stated that he would not be concerned even if Bitcoin fell significantly below $60,000, and he also drew a line against the Bitcoin bubble theory.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*