Macro investor Jordi Visser shared his insights with Anthony Pompliano on The Pomp Podcast on October 3, 2026, stating that “FOMO is going to start to kick in very, very soon” for Bitcoin (CRYPTO:BTC). FOMO, which stands for fear of missing out, refers to the rush of buyers who jump in after a price surge to avoid being left behind. Visser pinpointed a key level for Bitcoin, saying, “When Bitcoin got above $82,000, that was the confirmation of the bull trend.”

As of October 6, Bitcoin is trading at $86,050, about 5% above that crucial line, following a remarkable 32% increase over the past two months. However, it is still 31% lower than its price a year ago and slightly below where it began 2026. So, what is making Visser expect a buying surge, and why isn’t it happening yet?

Visser believes this recent rally is fueled by new money entering the market. He explained, “Most of what’s driving crypto right now is a combination of new players coming in. This is what a bull market is about.” He linked this influx to developments in Washington and the bond market.

On September 28, Treasury Secretary Scott Bessent appointed Jefferies strategist David Zervos as a counselor. Zervos has supported Bessent’s Treasury buyback program, and Visser remarked that Zervos is “being brought in to help get long-term rates lower.” When long-term government bond yields are high, investors can earn a solid return with minimal risk, which reduces the incentive to hold Bitcoin.

In a buyback, the Treasury replaces older long-dated bonds with new debt before they mature, which can lead to lower yields. However, this buyback process only substitutes one type of debt for another and has a weaker market impact than quantitative easing (QE), where the Federal Reserve creates new money to buy bonds. Therefore, a buyback doesn’t provide the same boost as QE would.

Visser also noted a softer-than-expected core PCE reading, which is the Fed’s preferred measure of inflation excluding food and energy prices. He pointed to a jobs report showing weaker hourly earnings growth, easing inflation concerns and giving bond yields room to stabilize. Nevertheless, he maintains a cautious outlook, stating, “So maybe rates settle here. They don’t have to go down, guys.”

Typically, new investors first enter the market through U.S. spot Bitcoin ETFs—funds that hold Bitcoin on behalf of their shareholders. According to SoSoValue, these funds experienced their biggest inflow of nearly $999 million on September 21, between September 8 and October 5.

However, after that peak, ETF activity has become erratic. The funds saw outflows on September 30, gained funds again on October 1 and 2, but lost $90 million on October 5, while managing about $111 billion in total assets. This suggests existing investors are holding on, while new buyers are less consistent.

Further complicating matters, the Senate let crypto investors down on September 15, voting 49-50 to advance the CLARITY Act, a measure aimed at establishing federal regulations for crypto markets. The motion fell short of the 60 votes it needed, and investors withdrew $450 million from ETFs that same day, marking the largest outflow during this period.

Investors in crypto-related stocks have not supported Visser’s optimistic outlook either. Coinbase (NASDAQ:COIN | COIN Price Prediction) shares have fallen 52% over the past year, and Robinhood (NASDAQ:HOOD) shares are down 22%. Coinbase attributed its disappointing second-quarter results to a 25% quarter-over-quarter drop in spot trading volume and low crypto market volatility. Meanwhile, Robinhood’s crypto revenue dropped 38% from a year earlier to around $100 million.

Visser draws a parallel between the current crypto market and the chip industry. He describes his “Micron moment” thesis, which suggests AI agents—software that acts on users’ behalf—could boost demand for crypto tokens the same way AI data centers increased demand for Micron Technology (NASDAQ:MU) memory chips. He credits this demand with a striking 14-fold increase in Micron’s stock, including a 449% gain over the past year.

His index shows the distribution of early gains, with his 46 equally weighted assets—including various layer-1 blockchains and four public stocks—up 50% for 2026 as of the podcast. Because of this equal weighting, a small token can influence the index significantly, and Visser noted that “most of it’s being driven by the AI agent side.” Bitcoin, however, which closely follows interest rates and fund flows, has missed out on most of this rally.

Bitcoin may hold above $82,000 for now, but Visser’s FOMO prediction relies on buyers who have yet to materialize. He anticipates that large investors will enter the market in the fourth quarter, saying, “I do feel like Wall Street, they’re ready for the fat pitch now.” So far, the ETFs haven’t fully matched this optimism.

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