Jordi Visser: Bitcoin thrives amid credit issues, rising gas prices signal economic instability, and institutional investors face paralysis | The Pomp Podcast

Rising oil prices and credit issues boost Bitcoin's appeal amid increasing recession fears and market instability.

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Add us on Google by Editorial Team Mar. 23, 2026

Key takeaways

• Bitcoin benefits from ongoing credit issues, which enhance its appeal as a financial asset.
• Rising gas prices indicate troubling trends in the market, affecting consumer behavior and economic stability.
• Institutional investors are currently paralyzed due to market uncertainty, impacting investment decisions.
• High inflation numbers are expected to impact earnings estimates significantly.
• Earnings estimates remain unchanged due to recency bias from last year’s incorrect revisions.
• The commodity bull market could lead to significant fluctuations in oil prices in the coming months.
• The US is flush with natural gas, but this does not mitigate the impact of rising global energy prices.
• Continued geopolitical instability in the Middle East will likely affect global energy prices.
• The probability of a recession is increasing due to rising oil prices and worsening financial conditions.
• Understanding credit market dynamics is crucial for assessing Bitcoin’s potential.
• Rising gas prices are a critical factor in analyzing market trends.
• Market sentiment among institutional investors is crucial for understanding current dynamics.
• Inflation’s impact on the market is grounded in current economic factors.
• The commodity bull market positions oil within the broader context of commodity performance.

Guest intro

Jordi Visser heads AI Macro Nexus Research at 22V Research. He previously served as Founder and Chief Strategist of Visser-Labs, a consulting firm advising asset managers on AI and digital assets disruption, and as President and Chief Investment Officer of Weiss Multi-Strategy Advisers over two decades. With over 30 years as a veteran macro investor, he authors the VisserLabs Substack.

Why Bitcoin thrives amid credit problems

• The ongoing credit problem is beneficial for Bitcoin.

  — Jordi Visser

• Bitcoin’s value is enhanced by unresolved credit issues.

• I’m gonna keep pounding the table that the best thing for bitcoin is a continuing credit problem which I don’t think can be resolved on itself.

  — Jordi Visser

• Credit market dynamics play a crucial role in Bitcoin’s appeal.
• Bitcoin’s potential as a financial asset is linked to credit issues.
• Ongoing credit problems provide a favorable environment for Bitcoin.
• Understanding credit market dynamics is essential for Bitcoin investors.
• Bitcoin’s resilience is tied to the persistence of credit issues.
• The unresolved nature of credit problems benefits Bitcoin’s market position.

The impact of rising gas prices

• Current gas prices have risen significantly, indicating a troubling trend in the market.

  — Jordi Visser

• Gas prices have increased from $2.80 to $3.92, affecting consumer behavior.

• Gas at the pump is now $3.92 as we sit here this morning it started this journey at $2.80 so this is dollar 10 on $2.80 that’s a fact diesel prices are up a dollar 50.

  — Jordi Visser

• Rising gas prices are a critical factor in analyzing market trends.
• The increase in gas prices reflects broader economic challenges.
• Gas price trends indicate potential economic instability.
• Understanding gas price dynamics is crucial for market analysis.
• Rising gas prices have significant implications for the economy.
• The trend in gas prices is a key indicator of market conditions.

Institutional paralysis in uncertain markets

• Institutional investors are currently paralyzed due to uncertainty in the market.

  — Jordi Visser

• Market uncertainty impacts institutional investment decisions.

• I think people are paralyzed I think institutional investors are paralyzed I think the sell side is paralyzed.

  — Jordi Visser

• Understanding market sentiment is crucial for investment strategies.
• Institutional paralysis reflects broader market dynamics.
• Uncertainty creates challenges for institutional investors.
• Market dynamics influence institutional investment behavior.
• Institutional paralysis is a key factor in current market conditions.
• The psychological factors affecting investor behavior are significant.

Inflation’s looming impact on earnings

• We will see incredibly high inflation numbers that will impact earnings estimates.

  — Jordi Visser

• Inflation is expected to significantly affect market earnings.

• We will see incredibly high inflation numbers and it’s not just from gas at the pump oil is in everything.

  — Jordi Visser

• Inflation’s impact on the market is grounded in current economic factors.
• Earnings estimates are influenced by inflation predictions.
• High inflation numbers are a critical factor in market analysis.
• Understanding inflation dynamics is crucial for earnings forecasts.
• Inflation’s impact on earnings is a key market consideration.
• The relationship between inflation and earnings is significant.

Recency bias and earnings estimates

• The reason earnings estimates are not coming down yet is due to recency bias from last year’s incorrect revisions.

  — Jordi Visser

• Recency bias affects current earnings predictions.

• The reason they’re not coming down yet is because last year they came down and they were wrong and this gets back to the handicapping thing the recency bias.

  — Jordi Visser

• Understanding past market reactions is crucial for current predictions.
• Recency bias influences investor behavior and market forecasts.
• Earnings estimates are shaped by psychological factors.
• The impact of recency bias on earnings is significant.
• Current earnings predictions are affected by past revisions.
• Recency bias is a key factor in market dynamics.

The commodity bull market and oil price fluctuations

• The current commodity bull market could lead to significant fluctuations in oil prices over the next few months.

  — Jordi Visser

• Oil prices are expected to fluctuate significantly in the near future.

• What we don’t know is three and six months from now will oil prices be 80 or will they be $1.10 or will they be 65 mhmm.

  — Jordi Visser

• The commodity bull market influences oil price volatility.
• Understanding commodity market trends is crucial for oil price predictions.
• Oil price fluctuations are a key factor in market analysis.
• The commodity bull market positions oil within the broader context of commodity performance.
• Oil price trends reflect broader market dynamics.
• The impact of the commodity bull market on oil is significant.

The US natural gas abundance and global energy prices

• The US is currently flush with natural gas, but this does not alleviate the impact of rising global energy prices.

  — Jordi Visser

• US natural gas abundance does not mitigate global energy price impacts.

• Natural gas prices in the US have barely budged… we are flushed with natural gas in this country which is great except for again that doesn’t help us on gas at the pump.

  — Jordi Visser

• Understanding global energy market dynamics is crucial for market analysis.
• The distinction between domestic and global energy markets is significant.
• US natural gas supply interacts with international prices.
• The impact of US natural gas abundance on global prices is limited.
• Global energy prices are influenced by broader market dynamics.
• US natural gas trends reflect domestic market conditions.

Geopolitical instability and energy prices

• The ongoing conflict and destruction of energy infrastructure in the Middle East will continue to impact global energy prices.

  — Jordi Visser

• Geopolitical instability affects global energy prices.

• I don’t know how you can ignore charts that look the way they do when the bombing is still going on on energy facilities today.

  — Jordi Visser

• Understanding geopolitical tensions is crucial for energy market analysis.
• The impact of geopolitical instability on energy prices is significant.
• Energy supply chains are influenced by geopolitical factors.
• Global energy prices reflect broader geopolitical dynamics.
• The relationship between geopolitical instability and energy prices is critical.
• Continued instability in the Middle East affects market conditions.

Increasing recession probabilities

• The probability of a recession is increasing due to rising oil prices and worsening financial conditions.

  — Jordi Visser

• Rising oil prices contribute to increasing recession probabilities.

• I think when we move a few weeks out you will start to see the probability of an increase in a recession… if oil prices stay where they are around the globe, the probability of the global economy going into recession goes higher.

  — Jordi Visser

• Understanding economic indicators is crucial for recession predictions.
• The impact of financial conditions on recession probabilities is significant.
• Rising oil prices are a key factor in recession forecasts.
• The relationship between oil prices and recession probabilities is critical.
• Economic trends influence recession predictions.
• The probability of a recession is a key market consideration.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.