Video Description
Jordi Visser joins Michaël van de Poppe to discuss one of the most consequential questions in macro: is the Federal Reserve mathematically trapped, and what does that mean for Bitcoin in 2026?
Jordi argues that US interest payments on the national debt have now surpassed defense spending — over $1 trillion annually — and that this single constraint forces every monetary policy decision from here. From the PE math that disproves the "bubble" thesis, to the role of AI agents as token-and-compute consumers rather than dollar holders, this conversation explores why Bitcoin may break all-time highs before year-end and why traditional asset allocation models are about to be tested.
They discuss the Fed's debt trap, the death of the four-year crypto cycle, AI's wealth-distribution effects,...
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