Veteran Wall Street investor Jordi Visser recently issued a dire warning on the job market but said it could be positive for Bitcoin (BTC). On July 4, he appeared in an interview with investo
Veteran Wall Street investor Jordi Visser recently issued a dire warning on the job market but said it could be positive for Bitcoin (BTC).
On July 4, he appeared in an interview with investor and podcaster Anthony Pompliano in which he turned bearish on the job market.
Related: Veteran trader who called 50% gold crash makes major prediction
Visser told Pompliano that he is very "negative" on the job market getting any better and doesn't expect wages to improve anytime soon.
The wide adoption of artificial intelligence (AI) agents is disrupting the labor market, and it's creating a structural problem that the central banks like the Federal Reserve can't address at all with their usual policy moves, he argued.
But the trend could be positive for Bitcoin, the head of AI Macro Nexus Research at 22v said.
When people realize that they are getting displaced by AI, they could turn to an asset like Bitcoin, which is considered a hedge against institutional collapse.
Trending on TheStreet RoundtableBitcoin maximalists consider Bitcoin, like gold, a safe haven asset that acts as a hedge against inflation, currency debasement, and geopolitical tensions.
But after its Wall Street adoption, Bitcoin has become deeply tied to macroeconomic conditions such as wars, stock markets, global tariffs, political announcements, etc. In fact, Bitcoin is currently trading 50% lower than its all-time high (ATH) of $126,080 it hit on Oct. 6, 2025.
But Visser emphasized how crucial it is to allocate investment portfolios to Bitcoin despite its price volatility. He dismissed the "bubble" narrative surrounding Bitcoin and said he wouldn't be concerned even if the cryptocurrency falls below $60,000.
BTC/USD, Source: DecibelBitcoin was trading at $63,809 at press time as per Decibel.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile and risky. Always conduct your own research before making any investment decisions.
