My guest today is Richard Byworth, Managing Partner at Syz Capital, bridging traditional finance with Bitcoin. With over 25 years in global investment banking and asset management, Richard now spearheads Syz’s $300m digital asset strategies and hosts the *Syz the Future* podcast. He’s also a Board Member at Relai, and an advisor to JAN3. In this conversation, he unpacks the moment the 2008 crisis revealed the flaws in fiat money, his early dismissal of Bitcoin, and how conviction finally took hold in 2018. We discuss the launch of Syz’s Bitcoin-denominated fund, the internal resistance it faced, and how it became the firm’s most successful product launch. Richard explains why “one Bitcoin equals one Bitcoin” and why he believes Bitcoin treasury companies act as the release valve for a mispriced financial system. We explore his views on ego in finance, intuition in decision-making, spiritual dimensions of Bitcoin, and his conviction that Bitcoin represents not just an investment—but hope, and a benevolent force for human progress.
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-- SPONSORS --
→ Get your TREZOR wallet & accessories, with a 5% discount, using my code at checkout (get my discount code from the episode - yep, you’ll have to watch it): https://affil.trezor.io/SHUn
→ Shield your bitcoin with time-delayed transactions over multisig with BitVault: https://bit.ly/bitvault_efrat
→ Have you tried mining bitcoin? Stack sats directly to your wallet while saving on taxes with Abundant Mines: https://AbundantMines.com/Efrat
– AFFILIATES –
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→ Watch “New Totalitarian Order” conference with Prof. Mattias Desmet & Efrat - code EFRAT for 10% off: https://efenigson.gumroad.com/l/desmet_efrat
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→ Join me in any of these upcoming events: https://www.efrat.blog/p/upcoming-events
-- LINKS –
Richard’s Twitter: https://x.com/RichardByworth
Richard’s LinkedIn: https://www.linkedin.com/in/richardbyworth/
Syz’s Website: https://www.syzcapital.com/en
Efrat's Twitter: https://twitter.com/efenigson
Efrat's Channels: https://linktr.ee/efenigson
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Support Efrat with Bitcoin: https://geyser.fund/project/efenigson
-- CHAPTERS –
00:00 - Coming Up
01:32 - Episode 100 Milestone & Intro to Richard
05:05 - Realizing the Money System is Broken
09:56 - Ego in Traditional Finance
13:03 - Ad Break: Trezor & BitVault
14:24 - Ego & Learning in Finance
16:51 - Intuition vs. Rational Analysis in Career Decisions
20:58 - Launching a Bitcoin Denominated Fund
29:36 - Ad Break: Abundant Mines & Expat Money
31:50 - Bitcoin Treasury Companies & Financial System Mispricing
41:58 - How Richard Sees Bitc
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