Bitcoin Rally Tied to Big Tech Earnings, Wall Street Veteran Jordi Visser Predicts

Precedent & Market Context

The recent tokenization boom has sparked a surge in interest in Bitcoin, with Solana and Polkadot emerging as top beneficiaries. Regulatory enforcement and adoption on Wall Street could have significant implications for investors and the industry.

Main Event

Wall Street veteran Jordi Visser predicts that Bitcoin's next leg up will likely come with big tech earnings, as he expects the AI trade to bounce. Investors have already pulled much of their money out of AI bets, which had set the stage for a rebound. Visser said that month-ends matter when hedge funds are under strain, and that the midterm elections could coincide with a potential window for a rally.

Analysis & Market Impact

Visser's case rested on how Bitcoin compares with other assets. He said the Nasdaq Composite and the S&P 500 were flat over the last four months, while bonds fell, and Bitcoin was up nearly 30%. Bitcoin's Sharpe ratio stood at about -0.62 as of October 13, according to Bitbo data. That is up from around -1.4 in early August, but still below zero.

Implications & Outlook

Visser's prediction is based on a recovery in AI stocks and a bounce in the AI trade. He expects Bitcoin to make another run toward its highs, with more capital flowing into the sector through increasing adoption of tokenization and increasing attention on crypto.