Bitcoin And SpaceX Are 'Basically The Same Thing,' Says Jordi Visser - But AI Investors Only Want One

Wall Street veteran Visser's latest comments mark a shift from an earlier bullish stance, with the investor now saying Bitcoin may need the AI rally to cool before attracting fresh buyers.

• Jordi Visser said Bitcoin and SpaceX are "basically the same thing," arguing both are driven by belief in future outcomes rather than traditional valuation metrics.
• Despite the comparison, Visser said Bitcoin currently has "no energy" as investors continue pouring capital into AI-related stocks.
• He pointed to weakness in Strategy's STRC preferred shares as another factor weighing on sentiment around Bitcoin treasury companies.

Veteran macro investor Jordi Visser says Bitcoin (BTC) and SpaceX (SPCX)share a surprising trait, in that neither can be valued using traditional financial metrics. 

Speaking on Anthony Pompliano's podcast on Saturday, Visser argued that both assets are driven primarily by belief in future outcomes rather than current cash flows or earnings."When something doesn't have a valuation, it can't be overvalued or undervalued. It has no valuation. It's a complete guess," he said. But while investors are pouring money into one, the other is struggling to attract fresh buyers.

According to Visser, investors buy into SpaceX because they believe in a future of Mars colonies, lunar infrastructure, and commercial space expansion. Bitcoin investors, meanwhile, are betting on the emergence of an alternative monetary system.