240. Preston Pysh

Investor Preston Pysh joins us to discuss bitcoin and fiat markets.
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Saifedean’s first book, The Bitcoin Standard:
saifedean.com/t...
Saifedean’s second book, The Fiat Standard:
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Saifedean’s third book, Principles of Economics:
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[@MM32487]

Preston is brilliant.. takes complicated news/concepts and makes it very easy to understand what's going on.

[@dsflat6785]

He's good but he ought to know it's Park Lane and not Park Place 🙄Actually it's typical of BTC enthusiasts to get the basics wrong.. BTC enthusiasts don't talk about The Real Problems With Bitcoin (BTC) Trump exposed BTC with a 🍔 The Lightning Network is off-chain, private and would need 133 MB BTC blocks to enable world transactions. LN nodes are also money transmitters and will be operated by large financial institutions, which is the complete opposite of Satoshi's Bitcoin White Paper Bitcoin Big Blockers BCH and BSV scale on-chain with fast, cheap transactions on Layer 1

[@vavoo4971]

This is the place where you get to listen in when your favorite people have a conversation.

[@FreshWaterWindsurfer]

53:25 Brilliant analogy of the benefits of volatility. I never thiught of it like that. I just subscribed to both of your channels

[@leemate]

Preston dropping absolute fire as usual 🔥🔥🔥

[@jimnichols5584]

Terrific episode. Sharing reality of Bitcoin and the broken fiat system. Thanks

[@chrismullarkey3181]

Wonderful and extremely foward thinking discussion. Thank you, Gentlemen.

[@Samer-Qasim]

Saif’s podcast is like a portal to increase one’s IQ

[@BitcoinLiveUS]

Awesome insights on microstrategy and tether. 🥰🥰🥰🥰🥰🥰🥰🥰🥰🥰🥰🥰🥰🥰

[@AJMassaro-ln2bu]

Thanks for great content guys 🫡

[@lurkern]

Ooh, Pysh! Instant click

[@Wunderli_Injury_Law]

Preston and Saif! That’s signal boys! Awesome show

[@cryptoemcee]

Thanks, genlemen.

[@RolfStumpfRailMedia]

Excellent episode. You both are killing it. I have come to the point where equity will be a rounding error in my portfolio in a not too distant future 🧡

[@jksmithiii]

Love these classic virtual backgrounds of book collections, but Jack Mallers' virtual background of Imelda Marcos' empty shoe closet is the best 😂

[@ArchivingClownWorld]

lol, neither are virtual

[@jksmithiii]

@@ArchivingClownWorld yeah I know. Just a little levity injection attack

[@marktaylor3921]

Two of my favorite bitcoiners. Good talk.

[@dr.k.math.777]

Most normies haven’t even heard of MSTR or Michael Saylor. We are so so so early to Bitcoin, honestly. Great conversation.

[@stopper90004]

Awesome insights on microstrategy and tether.

[@bigsby19]

I think Preston is right when people are fearful of not owning bitcoin because they can see the accumulation of wealth that people who have aquired it before them. Great podcast.

[@suddentwist]

Great conversation

[@johnnyads]

Legends of the Game

[@HHH78709]

The last convo btn saylor and saif was literally a new frontier.

[@Jimmybob21]

Great content thank you! 🧡

[@HHH78709]

unreal info for free

[@YungKingz__]

Those who heard about Bitcoin & refused to take a position show their level of humility.

[@azdjedi]

Every time Saif says "Bitcoin cash balance" I think of Roger lol

[@chrismale9976]

The best 👌🏼

[@Luke-cj7gz]

Awesome

[@RedorBlack21]

Love Saif and Saylor, this is my thoughts on the controversial parts of the conversation: i agree with MS that someone should be able to use their BTC to gain yield. I agree there is value in lending for a yield. I agree there is value in borrowing so others can build value and then pay back the loan I dont know why this cant be done p2p using blockchain? No need for any bank to custody our btc! Thoughts?

[@RedorBlack21]

Agree with Saif: dont think anyone should be handing over your keys to an inevitably government controlled bank

[@Eonwe]

I'm here to hang with the absolute geniuses.

[@MikeStillUK]

Hoping you got his reaction to Saylor’s yield conversation.

[@waynerichardson1051]

Love Saylor, but the other day on this podcast he was a bit of a knob head towards Saif!! He came on the show just looking for an argument in my opinion!!

[@iknown0thing]

​@waynerichardson1051 not an entirely accurate analysis of that conversation

[@waynerichardson1051]

​@@iknown0thingis that it bro? Seriously?

[@ericcson3429]

@@waynerichardson1051 Nope. Saif was way up in his ivory tower, expecting Saylor to just go riffing with him on some wishy-washy imaginary future scenario. Saylor is disciplined enough to only speak with conviction in the areas of his expertise. His push backs became (necessarily) stronger as Saif persisted.

[@peanut9051]

BTC must be a tier one asset before mass adoption happens. If your BTC has appreciated EVERY individual transaction is a taxable event based on the gain at that moment. No one wants to pay capital gains on a 1000 small transactions every year. Bitcoin needs to be tax free then get out of its way.

[@actualfacts1055]

There is no guarantee that Bitcoin will keep going up.

[@wyva9845]

Americans should be demanding all political donations are done through a specific stable coin. We should be able to track those, and only be spent on campaign items… then we can do our budget distribution through stablecoin as well, we could cut out so much waste and would be way easier to audit at any time

[@kon-b2w]

Saif can we get time stamps?

[@ttabasso]

what dollar price would BTC need to be - to go from an 80 vol asset to a 10 vol asset - once that is calculated anyone who is HNW would stack and wait - the lower the vol the larger the pool of holders i.e. instutions - this is the main game theory calculation

[@dr.k.math.777]

Most normies haven’t even heard of MSTR or Michael Saylor. We are so so so early to Bitcoin, honestly.

[@davidgreenhalgh3488]

I’m pretty sure buyers of the Micro Strategy Converts are selling the stock. To hedge. Not buy both **

[@saturupiah5940]

Should we be concerned that Microstrategy are on their way towards 250 000 BTC?

[@doctorgonzo5358]

Yes... if you don't own MSTR 😂

[@saturupiah5940]

Thanks for the reply. Sooner own the pure asset. Not a fan of companies diluting their stock, although Microstrategy are outperforming every other asset.

[@doctorgonzo5358]

@@saturupiah5940 haha yeah it was tongue-in-cheek. The real answer to your question is: No. I'm with you. Less counterparty risk your way.

[@search4wisdom]

Of course not.

[@TeshTube]

@@doctorgonzo5358🎯

[@danielwaddell-kn4cl]

Also there is AI and quantum computers that will be able to crack any code in seconds and minutes IBM have one

[@perfooter]

Amazing contrent. Saif your camera is shaking so much... made me dizzy

[@victorcolon6052]

Bitcoin lightning is not the answer, BCH is the answer!

[@Ray_Charles]

Satoshi vs. Yellen

[@shauninferno3334]

Like this podcast 2025 btc at 250k❤

[@jksmithiii]

Damn Preston said it and it's getting more of my attention. Brent is a legacy trader trying to operate in the 21st century with 20th century trades. For those who embrace the 21st century, the legacy system looks more and more cringey.

[@pran10000]

Your podcast with Saylor has become super controversial lol...!!

[@jordanroberts7931]

Because it puts on full display that Saif is not the financial genius everyone likes to think he is. Saylor is 20x smarter than him. And now after watching and hearing his opinions on credit markets around Bitcoin, ya it confirmed my suspicions. I completely understand why Saylor acted the way he did.

[@pran10000]

@@jordanroberts7931 Not your keys not your coins. Remember that.

[@senorgringopapi2059]

Bitcoooorn

[@obikiowesmith1776]

This host is a dangerous enemy. U can see and feel the hate and jealousy of Saylor.

[@ttabasso]

the Arbitrage is education .... even with education it still feels like gaslighting galore

[@cryptocpa1194]

"Treasuries are just another shit coin" - Saif

[@DonBrott-jz8it]

One little "huperpop" of 20% inflation and Tether doesn't look so good with the 1 year federal notes..

[@MM32487]

For BTC to equal US Treasury market, it would be to be $1.35M per BTC at current financial landscape.

[@John-wf5if]

How will Bitcoin weather: 1) A Kamala Harris presidency 2) The growth of paper Bitcoin

[@beerkegaard]

Dems pump markets. Money printer go brrrrrr

[@Ducotevision]

Bitcoiners need to debate today ideas with those who hold these ideas as truths… bitcoiners talking to bitcoiners isn’t moving the needle anymore.

[@ronp5746]

80.5 IQ here....

[@paulkieffer1189]

Yours??? It’s ok.

[@utvetteguy]

bitcoin will never go to 6 figures

[@waynerichardson1051]

Ignorance is bliss!! Lucky for us we don't need you bro!!

[@paulkieffer1189]

Only 47k subs tells you everything you need to know about how badly trad finance wants to not know the truth.