My guest today is Preston Pysh, engineer, Apache helicopter pilot, partner at Ego Death Capital VC, and co-founder of The Investor’s Podcast Network. Known for co-hosting “Bitcoin Fundamentals” podcast and authoring several books on investing, Preston is one of the most influential voices in the Bitcoin space. In this episode, Preston shares how his systems-thinking mindset and background in military aviation led him to identify Bitcoin early as a superior store of value. We explore the emergence of Bitcoin treasury companies, how public markets are being rewired from within, and why financial engineering inspired by MicroStrategy’s playbook could unlock asymmetric returns for institutions and retail alike. Preston unpacks the mechanics behind mNAV models, risk-adjusted performance, and why stablecoins could be a threat but also a necessary step in Bitcoin’s adoption curve. He reflects on the spiritual and psychological shifts required to truly “get” Bitcoin, the importance of hope, and the dangers of institutional inertia. This is a conversation about clarity, conviction, and how Bitcoin is remapping the future of capital allocation, gear by gear, company by company.
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-- LINKS –
Preston’s Twitter: https://x.com/PrestonPysh
Preston’s Podcast: https://www.youtube.com/@PrestonPysh
Preston’s nPub: npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z
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– CHAPTERS –
00:00 Coming Up…
01:33 Intro to Preston & His Influence on Bitcoiners
05:05 Hope & Freedom For Younger Audience
07:58 The Superspreader Phenomena - Bitcoin’s Treasury Companies
09:44 Risk Management & Complex Systems Experience
16:25 Understanding Value in a Financial Landscape
25:48 Corporate Adoption of Bitcoin & Treasury Companies
31:42 How Saylor Built a “Transmission” with Strategy
37:34 The Product: High Yield Income
47:34 Public Markets: The Perfect Landscape
51:26 Treasury Companies: Target for Governments
56:51 The Transitioning Financial Systems: From Fiat to Bitcoin, Via Stablecoins & CBDCs
1:04:32 The Fiat System's Impact: Doom & Gloom Outlook
1:06:21 The Future of Monetary Order by 2030
1:11:05 Will KYC Fade Out? And Link to Taxation
1:14:35 Short Fireside Questions - Books, Focus Areas
1:20:05 The Nature of Good and Evil Forces
1:24:34 What’s Preston’s Role Today & In The Future
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