Jordi Visser Calls Warsh’s Hawkish Talk ‘Showmanship,’ Says Bessent Matters For Crypto

Wall Street veteran investor Jordi Visser gave a long-term Bitcoin price prediction of $600,000-$1 million based on a hypothetical $100 trillion crypto market cap, but did not provide a firm target.

• Kevin Warsh’s Jackson Hole comments were ‘showmanship’ for Fed credibility and did not signal anything about a September hike, says Jordi Visser
• “The policy driver was really Scott Bessent’s yield suppression campaign,” he said.
• Visser directly linked Bessent’s playbook to crypto, saying stablecoins would need to grow to $3 trillion to be a major Treasury buyer.

Wall Street veteran Jordi Visser said that Federal Reserve Chair Kevin Warsh's hawkish-sounding Jackson Hole remarks were "showmanship" aimed at Fed credibility, and Treasury Secretary Scott Bessent's yield-suppression playbook was what mattered for crypto.

Visser said on Anthony Pompliano's podcast on Saturday that Warsh's speech at Jackson Hole on Friday did not really hint at a rate hike in September, even though the market was talking about it that way. "I think a lot of this is for showmanship; it's for credibility at the Fed, but the reality is I don't think anything is going to change," he said.

But Bessent, on the other hand, through yen intervention, Treasury buybacks, and Treasury General Account (TGA) management, was actively working to keep long-end yields lower, Visser said.