Veteran Wall Street investor Jordi Visser emphasized in an interview aired Saturday the importance of Bitcoin (CRYPTO: BTC) in investment portfolios, irrespective of short-term price volatility.
Bitcoin Not A Bubble That’s About To Burst, Says Visser
During an interview with entrepreneur and investor Anthony Pompliano, Visser voiced his perspective on Bitcoin’s price fluctuations. He indicated that even if Bitcoin’s value drops much below the $60,000 mark, it doesn’t concern him.
“Let it start to base. Let it look like supply and demand have met a place where it’s positive and then let it break a long-term moving average,” said Visser, head of AI Macro Nexus Research at 22V Research.
He also dismissed the idea of Bitcoin being a “bubble” that’s about to burst, stating, “None of that’s true…I believe we’re at a rotation point that’s going to last for at least the next 3 to 6 months.”
Visser’s BTC Investment Thesis
When asked what would prompt him to sell his Bitcoin, Visser replied that he is not heavily reliant on Bitcoin, as he has diversified his holdings across various investments.
“It could go to zero. I’m not selling any because it’s not that important in my lifetime. If it was, I’d probably be going through it,” he stated.
Visser warned investors not to put either all of their wealth or less than 1% into Bitcoin, describing both scenarios as ‘very stupid’.”
“I believe that it should be at this point in everyone’s portfolio at least 2 to 3%, regardless of what they believe in,” the macro strategist argued.
Bitcoin’s Struggles Continue
These narratives surface amid fresh turmoil in the Bitcoin market, with the leading cryptocurrency plunging below $60,000 to its lowest level since October 2024. The asset has plunged by nearly 50% from its all-time high.
Visser has long been bullish on Bitcoin. He believes artificial intelligence will devastate traditional assets, yet Bitcoin will emerge largely unaffected.
He has urged investors to assess their outlook on the fiat system and adjust portfolios accordingly, favoring assets such as Bitcoin.
Price Action: At the time of writing, BTC was exchanging hands at $62,779.31, up 1.86% in the last 24 hours, according to data from Benzinga Pro.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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