Jordi Visser: Bitcoin is largest part of his net worth, never sold

Visser's case for Bitcoin as insurance, not speculation

Asked to explain his Bitcoin thesis in simple terms, Jordi Visser starts by questioning whether people actually understand the fractional reserve banking system they already participate in, referencing the bank-run scene in It's a Wonderful Life to illustrate how deposited money is lent out rather than held. He argues people who dismiss Bitcoin as not understood should first examine whether they understand the system they're already trusting.

Visser says there are only three "moats" in his lifetime that have functioned as trusted stores of value: religion, gold, and now Bitcoin, which he says has been chosen by hundreds of millions of people as a store of value since the white paper. He frames Bitcoin as "a hedge against abundance," arguing that in a world heading toward abundance, 5% of a person's accumulated wealth deserves to be allocated to Bitcoin as an insurance policy, the same logic one would apply to insuring a house or car.

His own holdings and why he's never sold

Visser discloses that Bitcoin is now the largest portion of his own net worth, though he declines to give an exact percentage. He says he has never sold any of his Bitcoin, comparing his approach to Warren Buffett's style of letting a small initial position grow into the largest share of a portfolio through conviction and compounding.

On whether he'd ever sell, he says "maybe," but adds he has

"no interest whatsoever in selling it as of today"

— Jordi Visser, and that he doesn't think Bitcoin's valuation is close to where it's headed. He notes total global assets are about $750 trillion versus a crypto market of $2.7 trillion, and argues that as fiat-denominated assets decline in his abundance scenario, crypto assets rise. He singles out Bitcoin as the only crypto asset he is certain will still exist in ten years, while acknowledging other assets may outperform it over that period.