Veteran Wall Street investor Jordi Visser went bearish on the job market on Saturday, calling the slowdown a potential tailwind for Bitcoin (CRYPTO: BTC).

Why A Negative Labor Market Is Bullish For BTC

During an interview with entrepreneur and investor Anthony Pompliano, Viser said he is currently focused on the “wage side” of the narrative, which he doesn’t expect to improve anytime soon.

“I am much more negative in my opinion on the job market getting better,” said Visser, head of AI Macro Nexus Research at 22V Research. “I think any weakness now that starts to show up from AI agents is going to be a positive for Bitcoin.”

Visser’s thesis is that AI-driven disruptions in the labor market are creating structural economic tensions that central banks, particularly the Federal Reserve, cannot adequately address with conventional monetary tools.

He stated that “people who feel displaced by this transformation” would turn to Bitcoin and other alternatives as a hedge against institutional collapse. This, he argues, would boost Bitcoin’s position as a scarce asset independent of human labor.

Visser Backs Bitcoin Allocation

Visser’s comments follow his earlier warnings that Bitcoin is unlikely to rally as long as AI stocks continue to dominate. He argued that it’s tough for Bitcoin to keep rising when all the money is flowing into assets that are actually based on earnings

Despite short-term price volatility, Visser emphasized the importance of Bitcoin in investment portfolios.

He stated that even if Bitcoin falls well below $60,000, it won’t concern him, while brushing off the idea that the cryptocurrency is in a “bubble.”

Price Action: At the time of writing, BTC was exchanging hands at $63,034.49, up 0.10% 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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