Eric Jackson joins Joe Burnett to explain why he believes bitcoin could reach $50 million as AI agents transform global commerce and demand pristine digital collateral. They also discuss bitcoin’s recent underperformance, AI-powered market models, compounding through volatility, and why the next five years may be the most uncertain investing environment of our lifetimes.
Timestamps:
0:00 - Eric Jackson’s background in markets
2:14 - Finding Carvana before the comeback
3:01 - The OpenDoor trade and retail investor momentum
3:40 - How Eric got interested in bitcoin and crypto
6:26 - Building AI models before ChatGPT
9:23 - Volatility, conviction, and long-term investing
12:16 - Why Eric thinks bitcoin could reach $50 million
17:01 - Bitcoin as the “other coin” of the AI trade
17:28 - Why bitcoin has underperformed gold and AI stocks
20:16 - Is the AI boom propping up the market?
22:03 - What the world could look like in 2041
25:55 - AI, uncertainty, and the next five years
28:47 - Kevin Warsh, interest rates, and bitcoin
31:37 - Eric’s bitcoin stress indicator
40:27 - Compounding through bitcoin volatility
43:35 - Can markets be predicted with enough data?
48:20 - How AI changed market analysis
50:44 - Event Horizon IQ and AI-powered predictions
54:15 - Final thoughts and where to follow Eric
