Visser Compares Bitcoin to Collapsed Hedge Fund, Sees AI-Driven Adoption

Jordi Visser calls Bitcoin 'the best hedge fund ever' after comparing its volatile history to Leopold Aschenbrenner's collapsed AI-focused hedge fund, Situational Awareness. Situational Awareness had ballooned to nearly $45 billion and employed leverage as high as 400% before it was forced to liquidate its public portfolio at a discount to Citadel.

Visser believes Bitcoin is 'arguably the best hedge fund ever' due to its return profile, which he says is similar to Aschenbrenner's. He notes that both have experienced corrections and significant losses, but ultimately continued to compound.

Visser assumes that investors who ignored Bitcoin for years 'knew better', following traditional hedge fund logic where managers with a long track record are favored over volatile assets. However, he believes AI agents will drive Bitcoin adoption 'through the roof' once they start allocating on behalf of investors with zero crypto exposure.