All Episodes

August 5, 2025 88 mins

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.


► If you got value, please like, comment, share, follow and support my work. Thank you!

-- SPONSORS & AFFILIATES --


►► 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 

►► Get 10% off on Augmented NAC, with the code YCXKQDK2 via this link: https://store.augmentednac.com/?via=efrat (Note, this is not medical advice and you should consult your MD)

►► Watch “New Totalitarian Order” conference with Prof. Mattias Desmet & Efrat - code EFRAT for 10% off: https://efenigson.gumroad.com/l/desmet_efrat

►► Get a second citizenship and a plan B to relocate to another country with Expat Money, leave your details for a follow up: https://expatmoney.com/efrat

►► Join me in any of these upcoming events: https://www.efrat.blog/p/upcoming-events 


-- LINKS –


Preston’s Twitter: https://x.com/PrestonPysh

Preston’s Podcast: https://www.youtube.com/@PrestonPysh

Preston’s nPub: npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z 

Efrat's Twitter: https://twitter.com/efenigson

Efrat's Telegram: https://t.me/efenigsonWatch/listen on all platforms: https://linktr.ee/yourethevoice

Support Efrat's work: ⁠https://www.buymeacoffee.com/efenigson   ⁠

Support Efrat with Bitcoin: https://geyser.fund/project/efenigson


– 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

Mark as Played

Advertise With Us

Popular Podcasts

New Heights with Jason & Travis Kelce

New Heights with Jason & Travis Kelce

Football’s funniest family duo — Jason Kelce of the Philadelphia Eagles and Travis Kelce of the Kansas City Chiefs — team up to provide next-level access to life in the league as it unfolds. The two brothers and Super Bowl champions drop weekly insights about the weekly slate of games and share their INSIDE perspectives on trending NFL news and sports headlines. They also endlessly rag on each other as brothers do, chat the latest in pop culture and welcome some very popular and well-known friends to chat with them. Check out new episodes every Wednesday. Follow New Heights on the Wondery App, YouTube or wherever you get your podcasts. You can listen to new episodes early and ad-free, and get exclusive content on Wondery+. Join Wondery+ in the Wondery App, Apple Podcasts or Spotify. And join our new membership for a unique fan experience by going to the New Heights YouTube channel now!

The Breakfast Club

The Breakfast Club

The World's Most Dangerous Morning Show, The Breakfast Club, With DJ Envy, Jess Hilarious, And Charlamagne Tha God!

Fudd Around And Find Out

Fudd Around And Find Out

UConn basketball star Azzi Fudd brings her championship swag to iHeart Women’s Sports with Fudd Around and Find Out, a weekly podcast that takes fans along for the ride as Azzi spends her final year of college trying to reclaim the National Championship and prepare to be a first round WNBA draft pick. Ever wonder what it’s like to be a world-class athlete in the public spotlight while still managing schoolwork, friendships and family time? It’s time to Fudd Around and Find Out!

Music, radio and podcasts, all free. Listen online or download the iHeart App.

Connect

© 2025 iHeartMedia, Inc.