Why The Fed Is Trapped | Jordi Visser

Jordi Visser joins Michaël van de Poppe to discuss one of the most consequential questions in macro: is the Federal Reserve mathematically trapped, and what does that mean for Bitcoin in 2026? Jordi argues that US interest payments on the national debt have now surpassed defense spending — over $1 trillion annually — and that this single constraint forces every monetary policy decision from here. From the PE math that disproves the "bubble" thesis, to the role of AI agents as token-and-compute consumers rather than dollar holders, this conversation explores why Bitcoin may break all-time highs before year-end and why traditional asset allocation models are about to be tested. They discuss the Fed's debt trap, the death of the four-year crypto cycle, AI's wealth-distribution effects, Elliott Wave's third wave, the Jensen Huang transcript trick for finding seven-baggers, why iShares Bitcoin ETF making new highs matters, and the absorption thesis: $3 trillion in crypto versus $750 trillion in traditional finance. · - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - TIMESTAMPS: 00:00 — Why Bitcoin Is Lagging The Indices 00:42 — The Setup: Bitcoin vs Macro in 2026 03:16 — The Jensen Huang Trick For Finding Seven-Baggers 07:14 — Price vs Narrative: Which One Leads 12:15 — Market Dynamics And The Regime Change 21:28 — How AI Trading Is Restructuring Markets 25:24 — AI And The Coming Wealth Redistribution 30:29 — Why Memory Is The Real AI Edge 31:50 — Intelligence Has Been Commoditized 32:47 — The AI Education Revolution 33:42 — Which Assets AI Will Destroy 36:26 — Why Crypto Is The Cleanest Transition 39:40 — Elliott Waves Meet AI Agents 44:08 — Trading The Banana Zone 49:37 — Fundamentals vs Technicals: Which Wins 55:14 — What Comes Next For Ethereum · - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - CONTACT MICHAËL › X/Twitter — https://x.com/CryptoMichNL › YouTube —    / @michaelvdpoppe   › MN Fund — https://www.mnfund.nl/ CONNECT WITH JORDI VISSER › X/Twitter — https://x.com/jvisserlabs › YouTube — @JordiVisserLabs › Substack — http://substack.com/@visserlabs SPONSORS › OKX — https://my.okx.com/en-eu/welcome-rewa... › KAST — https://go.kast.xyz/VqVO/NEWERA (CODE: NEWERA) LISTEN / SUBSCRIBE › Apple Podcasts — https://podcasts.apple.com/nl/podcast... › Spotify — https://open.spotify.com/show/4m1NATQ... · - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - #JordiVisser #FedTrapped #Bitcoin #MacroAnalysis #BitcoinATH