Preston Pysh on Rethinking “Risk-Free” and Bitcoin vs Credit and Capital Markets

<p>In this episode of <em>Magsplaining</em>, Mags sits down with Preston Pysh. They dive deep into how Bitcoin is reshaping credit markets and why the traditional “risk-free” rate is broken. Preston also explains the implications of Bitcoin on venture investing, capital allocation, and running public company. They also discuss AI’s intersection with Bitcoin and energy, and the importance of funding freedom technologies. We end off with Preston sharing insights about how his military experiences shaped his conviction in Bitcoin and the types of conversations he would like to have more of.</p><p><br></p><p>In this episode:</p><p>00:00 Introduction to Bitcoin Investment Strategies</p><p>04:23 Hurdle Rates vs Bitcoin Investments</p><p>09:54 Risk-Free Rates Don&#39;t Exist</p><p>12:56 The Unraveling of Fixed Income Markets</p><p>15:05 Zombie Corps Need to Add Value</p><p>20:40 The Future of Interest Rates and Central Planning</p><p>31:52 The AI, Robots, and Money Nexus</p><p>40:53 Bitcoin POW vs AI Compute</p><p>47:46 Free Speech and Funding Freedom Tech</p><p>53:12 AI&#39;s Impact on Creativity and Work</p><p>56:26 Applying Biological Systems Lessons to Tech</p><p>01:02:23 Combat and Personal Convictions</p><p>01:06:41 Introduction to Bitcoin-Backed Loans</p><p>~~~</p><p><br></p><p><strong>Guest:</strong> Preston Pysh is co-founder of <em>The Investor’s Podcast Network</em>, GP at Ego Death Capital, and former US Army Apache pilot. Find Preston on X/Twitter <a href="https://x.com/PrestonPysh" target="_blank" rel="ugc noopener noreferrer">https://x.com/PrestonPysh</a>. Listen to Preston&#39;s podcast  <a href="https://www.theinvestorspodcast.com/bitcoin-fundamentals/" target="_blank" rel="ugc noopener noreferrer">https://www.theinvestorspodcast.com/bitcoin-fundamentals/</a> </p><p>~~~</p><p><br></p><p><strong>Paid Partnerships: </strong>Magsplaining is powered by <strong>Ledn</strong>, the global leader in Bitcoin-backed loans, issuing over $9 billion in loans since 2018. With Ledn, you get custody loans, no credit checks, no monthly payments, and more. Learn more at <a href="https://ledn.io/?utm_source=spotify&utm_medium=partnership&utm_campaign=2025_mags&utm_content=logo" target="_blank" rel="ugc noopener noreferrer">⁠ledn.io/mags⁠</a>.</p><p>~~~</p><p>Product Promo Codes: Get 10% off of Bitcoin miners at<a href="https://plebsource.com/?ref=mags" target="_blank" rel="ugc noopener noreferrer"> ⁠Plebsource⁠</a> with MAGS.</p><p>~~~</p><p>Follow Mags: X/Twitter <a href="https://x.com/Crypto_Mags" target="_blank" rel="ugc noopener noreferrer">https://x.com/Crypto_Mags</a>.</p><p><br></p><p>This podcast is for educational and entertainment purposes and should not be construed as official investment advice.</p><p>~~~</p><p>#Bitcoin #PrestonPysh #Magsplaining #Finance #AI #Energy #Macro #VentureCapital #Podcast #BitcoinMining #Decentralization #ProofOfWork #Investing #Crypto #Technology </p>