Bitcoin (CRYPTO: BTC) could be approaching a major breakout as three key catalysts create a potentially favorable backdrop for scarce assets.
Why Crypto Is at a ‘Major Inflection Point’
In a podcast with Anthony Pompliano on Aug. 8, market strategist Jordi Visser argued that the past 10 trading days could eventually be viewed as “a major inflection point” for Bitcoin and the broader financial markets.
His thesis centers on growing constraints facing U.S. policymakers.
Long-term Treasury yields have climbed sharply even as the labor market shows signs of weakening, leaving the Federal Reserve with fewer attractive policy options.
He pointed to weakening wages and employment conditions, noting that aggregate payroll trends are at their weakest six-month level since 2012 outside the COVID-19 period.
Visser sees the reaction across scarce assets as particularly telling. Gold, silver and platinum have started breaking higher, while Bitcoin has yet to make a comparable move.
He believes that could soon change.
“I’m a believer right now that all it’s going to take to get the Bitcoin crowd fired up is a technical breaking point,” Visser said.
Over the past week, Bitcoin prices went up 4%.
Why the AI Trade Is Key to Crypto
Visser said Bitcoin’s resilience despite CLARITY Act uncertainty and Strategy (NASDAQ:MSTR) selling has strengthened his conviction that a technical breakout could revive momentum.
He also sees AI-driven stablecoin and blockchain activity emerging as a major crypto catalyst, potentially attracting hedge funds as measurable revenues and transactions grow.
Once investors can attach revenues, transactions and network activity to the intersection of AI and crypto, Visser expects traditional financial institutions to take the asset class more seriously.
Visser also believes extreme volatility in AI equities could help Bitcoin.
AI stocks have absorbed substantial investor capital because of their strong earnings growth, but recent violent swings have demonstrated the risk of concentrating portfolios in the trade.
As AI equities become less of an “easy money” trade, Visser expects capital to spread into other assets.
“I think this is where crypto starts to ascend,” he said.
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