Bitcoin vs Silver: The Ultimate Rotation Is Happening Right Now

Watch on YouTube ↗ | January 24, 2026 at 14:01 | 47:21 | Anthony Pompliano

Speakers

Jordi Visser — Macro Strategist / ex-CIO, Weiss Multi-Strategy Advisers

Anthony Pompliano — Chairman & CEO, Pro Cap Financial

Summary

Jordi Visser joined Anthony Pompliano at the Real Vision 2026 Crypto Gathering to discuss metals mania, the utility phase in crypto, and a reflationary commodity rotation. Visser argued silver is an industrial critical mineral and that high-bandwidth memory is in a severe shortage, while Ethereum should lead Bitcoin in the next crypto breakout. He also defended Bitcoin as a deflation/societal-break asset, named Tesla and MicroStrategy as long-term winners, and warned on software, legacy automakers, and OpenAI-related tech risk.

Visser says silver is a critical industrial mineral driven by drones, semiconductors, solar, and AI, not just a precious metal.
He sees a high-bandwidth memory/DRAM shortage benefiting Micron, SanDisk, Western Digital, SK hynix, and Samsung.
He expects Ethereum to lead Bitcoin in a utility-driven crypto breakout and sees a possible Bitcoin short squeeze this year or next.
He views Bitcoin as a deflation/societal-break hedge rather than an inflation hedge.
He favors a reflationary rotation into small caps, value, commodities, energy, and materials while avoiding software/abundance tech.
He is long Tesla for physical AI, robotaxis, humanoids, and vertical integration, and sees legacy US automakers like Ford at risk.
He still owns and recently added to MicroStrategy, which needs Bitcoin, Ethereum, and volatility to rise for its premium to re-expand.
He dismisses quantum risk to Bitcoin and treats Davos/geopolitics as short-term noise.

Ideas

Jordi Visser Macro Strategist / ex-CIO, Weiss Multi-Strategy Advisers 0:57

Silver is critical AI/defense metal

Silver is not primarily a precious metal but a critical industrial mineral. Drones are the new tanks and consume enormous amounts of disposable silver, and silver is also essential for semiconductors, solar, AI/data-center efficiency, and broader electrification. Supply/demand scarcity means silver is in a 'banana zone' and rising at roughly twice gold's pace, with silver/utility charts going higher.

Jordi Visser Macro Strategist / ex-CIO, Weiss Multi-Strategy Advisers 1:06

Memory shortage drives HBM stock boom

There is a severe high-bandwidth memory and DRAM shortage relative to AI demand, creating a race to buy in massive size. Micron, SanDisk, Western Digital, SK hynix, and Samsung are in a 'banana zone' because memory is a necessary conversion layer from energy into intelligence, and DRAM prices are up sharply.

Jordi Visser Macro Strategist / ex-CIO, Weiss Multi-Strategy Advisers 4:02

Ethereum leads next crypto breakout

The market is in a utility phase: Ethereum over Bitcoin is the crypto analogue of silver over gold. As gold/Bitcoin led and utility lagged, Ethereum is now the one to watch for the breakout, and Bitcoin should follow once the utility trade kicks in.

Jordi Visser Macro Strategist / ex-CIO, Weiss Multi-Strategy Advisers 4:02

Ethereum leads next crypto breakout

Bitcoin is set for a silver-like short squeeze this year or next. Retail has been burned and does not want to buy while it is low, while ETF/stablecoin network effects offset OG whale redistribution. The next move above $100k likely will not reverse. He has bought more Bitcoin over the last two months than at any time in his life and would rather own it before a move to $300k than chase after a dip to $75k.

Jordi Visser Macro Strategist / ex-CIO, Weiss Multi-Strategy Advisers 7:50

Small caps, value, commodities lead

This is a 1970s-style commodity/reflation backdrop. Investors should focus on small caps, value, and commodity-related names. Energy and materials are already the two best-performing sectors and tech is the second worst; commodities are the year's theme. Because fossil fuels are oversupplied, an energy price spike is unlikely to create a demand shock that kills the theme.

Jordi Visser Macro Strategist / ex-CIO, Weiss Multi-Strategy Advisers 8:01

Software and abundance tech at risk

Software names and everything tied to 'abundance' will be in trouble as the market rotates to commodities. Tech is already the second-worst sector this year, and the OpenAI situation adds another risk to tech stocks.

Jordi Visser Macro Strategist / ex-CIO, Weiss Multi-Strategy Advisers 10:01

Reflationary boom lifts stocks and metals

A reflationary boom is underway: inflation may rise modestly but oil is capped by oversupply, earnings are growing about 15%, the economy is growing 4-5%, and Fed rate cuts are likely. The stock market and precious metals can both move higher, so being out of the market is the real risk.

Jordi Visser Macro Strategist / ex-CIO, Weiss Multi-Strategy Advisers 26:49

Tesla is best Mag 7 pick

Tesla is his pick to be the best-performing Mag 7 stock. It is at the center of integrating AI into the physical world through full self-driving, robotaxis, humanoid robots, and vertical manufacturing. Elon Musk's 10-year plan, Gigafactory scale, and potential SpaceX/XAI combination give Tesla a unique physical-AI ecosystem, even though traditional valuation does not apply.

Jordi Visser Macro Strategist / ex-CIO, Weiss Multi-Strategy Advisers 32:42

Ford and US automakers avoid

Ford and legacy US automakers are structurally disadvantaged against Tesla and China because they lack dark factories and humanoid/robotic manufacturing. China is already there, Musk will be there, and no US car manufacturer will be there. With labor the largest cost, robots working 168 hours a week make traditional auto manufacturing uncompetitive.

Jordi Visser Macro Strategist / ex-CIO, Weiss Multi-Strategy Advisers 42:10

MicroStrategy needs Bitcoin and volatility higher

MicroStrategy remains a long-term moat story as the capital structure of the future: it owns roughly 4% of all Bitcoin (about 700k BTC) and should benefit as Bitcoin becomes collateral and tokenization/stablecoins reshape finance. He still owns it and bought more in the last 48 hours. The premium is compressed because Bitcoin and volatility are low, but it needs Bitcoin and Ethereum higher and volatility to pick back up; in a new 'banana zone' it will be viewed differently.

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815 Money Talk (815머니톡) · Jan 24

This Anthony Pompliano video, published January 24, 2026, features Jordi Visser discussing SILVER, MU, SNDK, WDC, 000660.KS, 005930.KS, ETH, BTC, IWM, VALUE, DBC, XLE, XLB, IGV, SPY, GLTR, TSLA, F, MSTR. 10 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Jordi Visser · Tickers: SILVER, MU, SNDK, WDC, 000660.KS, 005930.KS, ETH, BTC, IWM, VALUE, DBC, XLE, XLB, IGV, SPY, GLTR, TSLA, F, MSTR