Will Bitcoin Survive Quantum Computing? | Jordi Visser

Yeah, I think now we saw a small indication of it on, I guess it was Wednesday.

Okay.

The only update of really the week, well, no, in the stock market, it was up Monday, Tuesday, and Wednesday was down big on Thursday.

But on Wednesday, which was following the SpaceX, news you had a very large jump the second that people thought okay this must be over we finally got the confirmation that compute demand is off the charts and elon's coming to the to the rescue um it it immediately went back down the next day but yeah bitcoin has just held in there and if i tell people the damage that's been done to hedge funds i mean this is a historic month More so than even July, believe it or not.

This is a much bigger month than July was.

Negative for hedge funds.

Yes, and that's because of the breadth of the damage.

Before I get into the expanding breadth and the contagion within the hedge fund, I do want to add to something you said.

Because I do agree that people like Chamath that have a huge listener base, it's good for people to say the things that he said as part of the process.

Because he also fits into something Marc Andreessen said.

If you ask me the smartest person, the person that I will listen to no matter what, who I believe brings to the table an incredible knowledge of history, a relaxed, you know, response with no hyperbole.

Mark Andreessen is number one for me, okay? I can listen to him endlessly.

He's very smart.

Yeah, and he's not selling anything.

What's the biggest problem with Jensen Yuong? At the end of the day, he's talking his book.

What's the biggest problem with Elon Musk? He's talking his book.

And this is a big negative for everyone when I go through X.

Like, if people attack me, it's because he's talking his book.

I never talk in

my

book.

Sylvia.com. Sylvia.com. Go ahead.

What Mark said on the podcast, which is something I believe in, but it's the reason that I got involved in Bitcoin in the first place.

I've told this story before, but you have to understand, when my 13-year-old son had turned $700 into $80,000, subsequently losing all of it, okay, which I say repeatedly, I knew there was a bubble in 2021, but it also told me that there was something here, because when I asked him how he did this, It was really intelligent.

And when you normalize it for a 13-year-old, I realized that the gaming that he was really good at was adding to his ability to go use Reddit and Twitter and do research and do this.