Veteran macro investor Jordi Visser believes that Bitcoin and SpaceX share an unusual characteristic: neither can be easily valued using traditional financial models.
Speaking on a podcast hosted by Anthony Pompliano, Visser argued that both assets are driven more by investor belief and future expectations than by conventional measures such as earnings, cash flow, or valuation multiples.
“When something doesn't have a valuation, it can't be overvalued or undervalued. It has no valuation. It's a complete guess.”
According to Visser, investors buy into SpaceX because they believe in future opportunities such as Mars colonization, lunar infrastructure, and commercial space development. Bitcoin investors, meanwhile, are betting on the emergence of a new monetary system outside traditional finance.
Bitcoin Facing an “Energy” Problem
Despite the similarities, Visser said the two assets are currently moving in very different directions.
He argued that Bitcoin has lost momentum as investor attention and speculative capital have shifted toward artificial intelligence companies.
“Bitcoin has no energy.”
The comments align with recent remarks from several prominent market figures. Michael Saylor recently described current market conditions as an “AI summer slump,” while Mike Novogratz stated that the crypto market currently lacks both momentum and new buyers.
Visser also pointed to weakness in Strategy’s preferred shares, STRC, as another factor weighing on sentiment surrounding Bitcoin treasury companies.
SpaceX Continues to Attract Capital
Meanwhile, investor enthusiasm surrounding SpaceX remains strong.
The company recently completed its initial public offering at $135 per share, giving the company an approximate valuation of $1.77 trillion. The offering generated as much as $85.7 billion after underwriters exercised their additional share allocation option.
SpaceX shares closed 3% lower on Friday, although retail sentiment remained bullish, with trading activity staying elevated.
Visser believes the divergence between Bitcoin and SpaceX highlights where speculative capital is flowing today.
AI Boom May Be Delaying Bitcoin's Next Rally
According to Visser, Bitcoin may need the artificial intelligence trade to cool before it can regain momentum.
He suggested that if enthusiasm surrounding AI stocks eventually fades or broader equity markets weaken, investors could rotate back into Bitcoin and other alternative assets.
This represents a shift from Visser's earlier outlook. Earlier this year, he described Bitcoin as the “ultimate AI-era scarcity asset” and predicted new highs during 2026.
For now, however, he believes Bitcoin could remain range-bound until investor enthusiasm for AI begins to slow.
At the time of writing, Bitcoin was trading near $64,065, while retail sentiment had moved from bullish to neutral as market participation remained subdued.
Wealth Orbit Center – Global Country Market Pages
USA Market Overview
Coverage of the United States economy, stocks, tech giants, inflation, Federal Reserve policy, and market trends.
🔗 https://wealthorbitcenter.com/largest-companies-in-usa-today-live-price-and-chart/
Australia Market Overview
Tracking Australia’s largest companies, ASX performance, commodities exposure, and economic updates.
🔗 https://wealthorbitcenter.com/largest-companies-in-australia-today-live-price-and-chart/
Argentina Market Overview
Insights into Argentina’s top companies, market cap rankings, and macroeconomic developments.
🔗 https://wealthorbitcenter.com/largest-companies-in-argentina-today-live-price-and-chart/
Brazil Market Overview
Coverage of Brazil’s largest listed firms, financial markets, and commodity-driven economy.
🔗 https://wealthorbitcenter.com/largest-comapnies-in-brazil-with-live-price-and-chart/
Canada Market Overview
Updates on Canada’s biggest companies, energy sector, banking system, and equity markets.
🔗 https://wealthorbitcenter.com/largest-comapnies-in-canada-with-live-price-and-chart/
Colombia Market Overview
Tracking Colombia’s leading companies, market performance, and regional economic trends.
🔗 https://wealthorbitcenter.com/largest-comapnies-in-colombia-with-live-price-and-chart/
Cyprus Market Overview
Coverage of Cyprus market capitalization leaders and European financial exposure.
🔗 https://wealthorbitcenter.com/largest-companies-in-cyprus-today-by-market-cap/
Czech Republic Market Overview
Insights into Czech Republic’s top companies and industrial sector performance.
🔗 https://wealthorbitcenter.com/largest-companies-in-czech-republic-today-by-market-cap/
Denmark Market Overview
Tracking Denmark’s largest companies, shipping giants, pharma sector, and market trends.
🔗 https://wealthorbitcenter.com/largest-companies-in-denmark-today-by-market-cap/
Estonia Market Overview
Coverage of Estonia’s leading firms and Baltic digital economy growth.
🔗 https://wealthorbitcenter.com/largest-companies-in-estonia-today-by-market-cap/
Finland Market Overview
Insights into Finland’s biggest companies, technology sector, and industrial exports.
🔗 https://wealthorbitcenter.com/largest-companies-in-finland-today-by-market-cap/
Intel Surges On Reported Apple Partnership
Intel shares jumped following reports of a potential partnership with Apple, supporting U.S. efforts to strengthen domestic chip manufacturing.
Global Central Banks Turn Hawkish
Central banks worldwide are adopting a more hawkish stance as inflation pressures rise amid the Iran conflict.
Boeing Wins U.S. Air Force Contract
Boeing secured a major U.S. Air Force sustainment contract aimed at strengthening military supply chains.
HCLTech Launches AI Innovation Zone
HCLTech unveiled a new AI Innovation Zone in Chennai to accelerate enterprise AI deployment and adoption.
Accenture Warning Triggers Global IT Selloff
A cautious outlook from Accenture sparked a broad selloff across global IT stocks, including Infosys and its peers.
HSBC Faces Australian Legal Action
HSBC is facing legal action in Australia over alleged scam-prevention failures as regulatory scrutiny intensifies.
Electro Optic Systems Wins $124 Million Deal
Australia's Electro Optic Systems secured a $124 million anti-drone contract, sending its shares sharply higher.
Indian Stocks Snap Winning Streak
Indian equities ended their recent rally as IT stocks came under pressure following Accenture’s warning.
Indian Markets Pause Rally
A broad-based selloff led by technology stocks halted the recent advance in Indian markets.
🔗 https://wealthorbitcenter.com/indian-markets-pause-rally-as-it-stocks-lead-broad-selloff/
South Korean Stocks Retreat From Record Highs
South Korean equities pulled back from record levels as investors assessed Middle East geopolitical risks.
JPMorgan Reaffirms Bullish View On Bajaj Finance
JPMorgan maintained its positive outlook on Bajaj Finance and sees nearly 13% upside potential.
U.S. Raises Concerns Over ASML Chip Tool Diversion
U.S. officials expressed concerns that advanced ASML chipmaking tools could be diverted to China.
🔗 https://wealthorbitcenter.com/u-s-raises-concerns-over-possible-asml-chip-tool-diversion-to-china/
Amber Enterprises Rises After Oppo Deal
Amber Enterprises gained after announcing a manufacturing partnership with Oppo, though analysts remain divided.
Tesla’s Capital Spending Surge Signals AI Shift
Analysts say Tesla’s rising capital expenditures indicate a strategic shift toward AI-driven growth initiatives.
Brokerage Turns Positive On Large Banks
Brokerages turned more constructive on large banking stocks, with SBI’s fundraising plans attracting investor attention.
Google Escalates AI Chip Push
Google is expanding its AI chip efforts, intensifying competition with Nvidia in the fast-growing AI infrastructure market.
🔗 https://wealthorbitcenter.com/google-escalates-ai-chip-push-taking-direct-aim-at-nvidias-dominance/