NBLM-Bitcoin's recent stagnation from Anthony Pompliano & Jordy Visser

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In an interview on the "Anthony Pompliano" YouTube channel, Jordy Visser analyzes Bitcoin's recent stagnation, attributing it to its correlation with the stock market and interest rate uncertainty, despite historical trends suggesting Bitcoin performs well when Purchasing Managers' Index (PMI) is rising. The discussion also explores the Federal Reserve's "academic" approach to monetary policy, arguing that their reliance on historical data makes them ill-equipped to handle the exponential advancements and deflationary potential of artificial intelligence (AI). Visser emphasizes that AI's embodiment in physical form, like humanoid robots, will significantly reduce costs and increase productivity in various sectors, leading to a long-term shift towards hardware and manufacturing over software. He also touches on the inaccuracy of current economic data in capturing the full impact of AI's rapid innovation and suggests that the Fed's recent hints at rate cuts indicate a greater focus on the weakening job market than on inflation, potentially easing into a period of rising PMIs and a stronger economy.Want to read the article your self? Check the original source: https://youtu.be/-6Fre1zWtN0?si=P3gUfsy_B248UtWY