Jordi - one potential piece you are missing is the emergence of BTC/Lightning and variants like Spark/David Marcus. Square and XXi with Tether are building the next great global monetary payment system all based on BTC. This is a sleepy area that the crowds have missed but near instant global payment/transfers with final settlement are being enabled on BTC. ACH/International transfers, remittances will be rendered almost free. All of this is open source (perhaps not Spark) and I suspect Strategy/Saylor will play as well.
I believe he means it in a general sense as in the value layer of the internet. You might be right but it would be nice to confirm that he’s aware of these developments. He doesn’t miss much so maybe you are correct.
Regardless what he meant about TCP/IP of money. I think he could flesh out his BTC is tightly tied to AI by focusing on how Block/Dorsey, Mallers/XXi (include USDT), Strategy/Sailor together and via OpenSource are actively building the new financial infrastructure built on top of BTC that is strategically protected (read most secure distributed network) and will be heavily used by AI agents. This is what I’d love to see anyway. If anyone agrees maybe we can create a little tempest here to get his attention!
You always add layers that most people are unaware of or even consider...
I've been using AI alot more thanks to your insights, even Grok has confirmed these corrections are absolutely normal and needed for a healthy market and next move up.
The difficult part for most people is just hanging in there and waiting out the storm.
I think this is an excellent point: "Stablecoins and Bitcoin aren’t competitors, they’re a two-part system."
However I wonder about your optimism on the Clarity Act passing in late-2025 or early-2026. The Senate Banking Committee seems like they are slow-rolling things, probably emboldened by Trump's decline in popularity and the GOP's poor results in the recent mid-midterm.
I would appreciate it if you would be willing to expand on why you think the Clarity Act will pass by early-2026, Jordi, if you have a moment.
My point was the the Dems did perform relatively better than expected, buoyed by Mamdani, and that, coupled with Trump's waning ratings, that could conceivably disincentivize them to play ball wrt Market Structure bill, and incrementally increase odds of them holding out for less accommodative legislation—something more favorable to the banks Beth Warren pretends to hate but in deed clicks her high-heels to. But who knows? The crypto lobby also has ~$250 million iirc for lobbying, so maybe Market Structure / defi opponents will fall in line eventually. The bill, if passed, would be a major win for the average investor, with the only loser being banks, as far as I can tell. Fingers crossed ...
As a noob and simpleton..."and those users eventually need a long-term place to store value once they step out of stablecoins"...can this be expanded on? Not sure I follow this and it feels important to me.
Jordi - one potential piece you are missing is the emergence of BTC/Lightning and variants like Spark/David Marcus. Square and XXi with Tether are building the next great global monetary payment system all based on BTC. This is a sleepy area that the crowds have missed but near instant global payment/transfers with final settlement are being enabled on BTC. ACH/International transfers, remittances will be rendered almost free. All of this is open source (perhaps not Spark) and I suspect Strategy/Saylor will play as well.
I believe he means it in a general sense as in the value layer of the internet. You might be right but it would be nice to confirm that he’s aware of these developments. He doesn’t miss much so maybe you are correct.
I think this is what Jordi meant by Bitcoin being the protocol the "TCP/IP"
Regardless what he meant about TCP/IP of money. I think he could flesh out his BTC is tightly tied to AI by focusing on how Block/Dorsey, Mallers/XXi (include USDT), Strategy/Sailor together and via OpenSource are actively building the new financial infrastructure built on top of BTC that is strategically protected (read most secure distributed network) and will be heavily used by AI agents. This is what I’d love to see anyway. If anyone agrees maybe we can create a little tempest here to get his attention!
🙏 for not putting your musings / insights behind a pay wall. I enjoy reading your writings.
One of the best macro thinkers of our generation. Thanks Jordi.
Very interested in you AI drug plays, would like to know more.
Great writeup Jordi! Very much enjoying your work.
By the way, did you see someone from Marketwatch blatantly copied your "Bitcoin's IPO moment" article?
https://www.marketwatch.com/story/bitcoin-isnt-dead-its-having-an-ipo-moment-heres-when-the-selling-will-stop-ef9d4026?
Fantastic Jordi...
You always add layers that most people are unaware of or even consider...
I've been using AI alot more thanks to your insights, even Grok has confirmed these corrections are absolutely normal and needed for a healthy market and next move up.
The difficult part for most people is just hanging in there and waiting out the storm.
I think this is an excellent point: "Stablecoins and Bitcoin aren’t competitors, they’re a two-part system."
However I wonder about your optimism on the Clarity Act passing in late-2025 or early-2026. The Senate Banking Committee seems like they are slow-rolling things, probably emboldened by Trump's decline in popularity and the GOP's poor results in the recent mid-midterm.
I would appreciate it if you would be willing to expand on why you think the Clarity Act will pass by early-2026, Jordi, if you have a moment.
Either way, thanks for another great article.
the midterms are in 2026- the off year election is what took place. it was insignificant
My point was the the Dems did perform relatively better than expected, buoyed by Mamdani, and that, coupled with Trump's waning ratings, that could conceivably disincentivize them to play ball wrt Market Structure bill, and incrementally increase odds of them holding out for less accommodative legislation—something more favorable to the banks Beth Warren pretends to hate but in deed clicks her high-heels to. But who knows? The crypto lobby also has ~$250 million iirc for lobbying, so maybe Market Structure / defi opponents will fall in line eventually. The bill, if passed, would be a major win for the average investor, with the only loser being banks, as far as I can tell. Fingers crossed ...
Great read, Jordi!
As a noob and simpleton..."and those users eventually need a long-term place to store value once they step out of stablecoins"...can this be expanded on? Not sure I follow this and it feels important to me.
Thanks Jordi, great insights, very thought provoking. Holding and positioning accordingly!
Yeah sure, let me give you my number. It's 1-800-you-a-scammer.
Thanks Jordi, much appreciated!
Thanks for this great read!
“They always seem different this time”.. is so very true🤦🏼♂️😅💎👋🏻
Btw, me being from Holland, just curious as to what part of The Netherlands your family originates?
Excellent
Thank you.
Good stuff
Excellent work as always, thank you.