Is the AI boom setting us up for another 2008? Luke Gromen recently shared an interesting research piece from Groundbreaker arguing that AI demand doesn’t have to collapse to trigger a financial crisis. Growth just has to slow enough to undermine the massive infrastructure investments and debt built around... it. I put that thesis to Jordi Visser, who couldn’t disagree more. He thinks we're underestimating how much computing power the world will need and that the AI boom has a long, long way to go. Our full conversation on Coin Stories 👇🏼show more

I don't think so @natbrunell . The biggest difference is demand. Low interest rates and lenient underwriting created an artificial demand for housing. Not to mention the leveraged CMOs. AI has organic demand and is transforming the economy. The current default rate for Ai companies is 2.5% to 2.9%. Borrowing rates are between 5% to 6.5%. Our company will issue private credit for 3% to 5% depending on credit risk.

Luke is a doomer

@LukeGromen That was a great part of the conversation- one can err on the side of conventional wisdom (and safety) with Luke’s position, but Jordi’s views sound compelling.

@LukeGromen Great episode! Wanna see Pomp now!

@LukeGromen I’m with Jordi on this.

@LukeGromen The interesting part isn’t boom vs bust. It’s whether demand can slow without breaking the capex and debt stacked on top of it. 2008 wasn’t “no housing.” It was growth that couldn’t service the leverage. That’s the part worth watching.

@LukeGromen It’s a massive debate. You don't need a total collapse; just a slow-down in liquidity is enough to expose the cracks. But when that rotation out of tech happens, how easily can that capital actually route into safer, decentralized alternatives without getting bottlenecked?