August 2026
Pompliano had just described the Bitcoin community's belief that today's speculators are all future Bitcoiners who do not know it yet. He then drew his own line through the industry, writing most of it off while naming the pieces he thinks value accrues to. Jordi Visser answered by arguing that trust, not better technology, is what decides which rails institutions adopt.
I'll leave you with this, which is there's a belief in the Bitcoin community that all the speculators, the gamblers, the shit coiners, they're all just future Bitcoiners. They don't realize it yet.
We'll leave it at that. But
to be clear, I actually think, and I've been saying for a while, that most of the crypto industry is dead, but I think that Bitcoin, stable coins, tokenization, and like equity infrastructure is very much real and going to continue to accrue value. I recently was on somebody's podcast and they asked me, well, what about hyperliquid? And I said to them, look, it's not equity, but I look at it as infrastructure. And so I think there are some of these like, you know, kind of tokenization, decentralized, token-based things that don't fit perfectly in a bucket. But just like in the traditional world, there's kind of very clear areas where value accrues. There's going to be the same thing in crypto. And so although people may not be used to me thinking about something like Ethereum, you know, I started out mining Ethereum. I understand, you know, what that value proposition looks like. It is a different thing today, right? Obviously, it's not GPU-based. It's more proof of stake, all that. But I don't know, the market has not put it to zero. And I think there's data in that. And so the people who are like everything else is going to zero, you know, doesn't mean that you should change your theory on Bitcoin or your conviction on Bitcoin. But I do think that when I go talk to all the institutions, they talk about Bitcoin, but they talk about Ethereum and Solana and hyperliquid and these other things as well. And so maybe the world's not as black and white as the hardcore Bitcoiners want it to be.
Yeah. Just always remember one thing. And I've heard Tom Lee say this a few times over the course of the last six months. And I happen to agree with it. And it's because we both have worked in Wall Street in banks. There's a value in trust that comes even if the technology is not the best. And that is one of the important points when you're thinking about the guardrails and the transition we're making. Every single bank is talking about tokenization. Every exchange, every place around the world. Japan just said they want to be completely on chain by, I think, 2030. These are massive things that are super important. And when you're dealing with money and you're dealing with people's savings and you're dealing with assets, they care about speed, but what they care more about speed is trust. This is the reason why we don't have full self-driving. And while by now, everyone must realize that a full self-driving car is never drunk. A full self-driving car might make mistakes, but human beings make mistakes every day. But because the government friction will always be there until there's no more governments, the safest thing is to think about the places not that are the best innovation, not that makes the most sense. And that's why I keep migrating back towards the Ethereum Solana thing. Because right now, when I talk to people that I respect in the world that have been business leaders, CEOs of other companies that have moved into crypto, when they talk to me, they're mainly talking about what's happening. And then things that keep being brought up are Ethereum and Solana, no matter where it is. So if I started hearing something else, I'm in there and I get that people are going to have faster innovations and those will fit a niche and they will go up in value as well. I just think when you're thinking about the framework, you have to think about what the Mag 7 has done. There's not just seven companies in the SP 500, there's 493 other ones that are not as successful as those seven. I think you got to start thinking of concentration with inside the crypto world for everyone there. The whole ecosystem will go up, but I do think this is going to be the same situation where the trust for merging is going to be very important to the final decision, not the best innovation.
Makes sense to me. All right. What are you going to cover on your video this week? Anyone who is watching this right now, I never say pause, but you should pause this. You should go to Jordy Visser on YouTube, hit the subscribe button, help our guy out here. He works hard for you. You know, it's like a nice thing you could do for him, maybe for his birthday.
First of all, the company that I've used in my videos for a while is going to be shutting down OpenBB. And so I've had to make a quick pivot to Google Slides. So there's going to be a different presentation, but a lot of the stuff we've talked about, I'm going to go more details. I am, like I said, Grockpod and Solana and Ethereum, but also in terms of the Bitcoin move, the Druck Besson thing, the NVIDIA earnings, all of that stuff. But the main thing I want to just make sure people realize: if you listen to this, what I do on the weekend, and before Anthony and I agreed to do this, one of the things he asks, are we going to, can we do this on a Saturday and then release you on a Sunday? Or is there going to be too much overlap? The way, and I think we've learned this, the way that I approach things is very different. I try to tell a story with data-driven stuff so you guys can go do your own research. It's supposed to be educational, less conversational. Here, we're just speaking our minds. I don't have a script. I don't have anything. The only thing we do is say, these four topics seem interesting to me. Bring whatever else you want to bring. And we go whatever direction. I have it a little bit more organized for myself to be able to give you guys a story that connects all of these pieces together in one, almost like a mini book. So if you haven't seen it, go see it. But I'll be covering all of those things. I think it's the most important time for understanding. Number one, the AI trade has reached a different level where people are crowded into it. Number two, everyone's looking for what the next three and five bagger can be, and they're running out of places to go find it. And so, what you're left with at this point, in my opinion, is if AI agents are the major theme, which they've been all year, but now the infrastructure side has been overbuilt and everyone knows it. I fully believe a year from now, people will look back and wish they had paid attention to crypto at this stage. So I do think it's going to hold lows. I think it's continuing to build the bottom here. I think if it does go, it's going to go fast. And I'm going to cover it.