Has Bitcoin Hit The Bottom? | Jordi Visser

— AI mid-cycle slowdown is ending. Jordi sees sentiment and volatility reaching levels that suggest a bottom is forming; he expects the infrastructure trade to shift focus from pure compute spending to consumer agents, which will require 30x more compute than coding agents.

— Meta, Apple, and Google pivoting to consumer agents and personal AI. These companies are repositioning from purely enterprise/cloud plays to consumer-facing agentic systems, which Jordi believes will unlock significant ROIC surprises once deployed at scale.

— Bitcoin turning bullish on macro and technical grounds. Jordi identified his first RSI divergence since late 2023, suggesting a bottom. He expects Bitcoin well above $100k within a year, driven by Fed policy shifts, tokenization trends, and recognition of crypto as part of financial guardrails.

— Tokenization and stablecoins as economic infrastructure. The administration views digital assets, tokenization, and stablecoins as critical to the next phase of US financial leadership; this ties directly to AI-driven agentic commerce and liquidity of dormant real estate assets.

— Robotics (One X hand demo) as inflection point. Synthetic tendon-based robotic hands represent a major leap; combined with advancing AI, this unlocks recursive self-improvement and exponential problem-solving in science, energy, and healthcare.

— Regional banks and healthcare (Eli Lilly) as secondary plays. Consolidation in regional banking and AI-driven breakthroughs in biotech (Eli Lilly's sovereign AI on Blackwell chips) represent high-ROIC opportunities outside pure semiconductors and crypto.

— Reposition from pure AI infrastructure to consumer agents. The compute buildout narrative is maturing; look for companies benefiting from agentic commerce (payments, commerce platforms, tokenization infrastructure) as next leg. Expect disappointments in some semis as supply/demand normalizes.

— Bitcoin entry point near completion; accumulate before rate narrative fully shifts. At $60–70k, Bitcoin offers asymmetric risk/reward ahead of July FOMC and Q3 earnings season. Jordi expects 2x+ return to all-time highs; short-covering rally already underway but momentum remains below 200-day MA.

— Diversify into healthcare and regional bank consolidation. Eli Lilly (sovereign AI, biotech compounding) and consolidating regional banks (AI-driven cost cuts, M&A accretion) offer less crowded exposure to AI ROIC without semis volatility. Insurance names already spending on AI; expect benefits to show next 12 months.