According to veteran investor Jordi Visser, Bitcoin (CRYPTO: BTC) cannot rally at the moment because every speculative dollar is chasing AI stocks instead.
Visser Says Bitcoin Has No Fundamental Pull Right Now
Visser argued on the latest episode of Anthony Pompliano’s podcast that Bitcoin and SpaceX function the same way for investors: both are belief-driven bets on the future with no current earnings to anchor a valuation.
Bitcoin draws energy from two sources, wealthy individuals hiding money from governments and retail momentum chasing returns, and right now neither source is showing up.
“It is very difficult for Bitcoin to be traveling higher if all the money is going into stuff that is based on earnings,” Visser said.
