Hedge Fund Vet Says Bitcoin's Price Would Be Higher Without Saylor's Buying

Tim Enneking has been in crypto for thirteen years and previously ran the best-performing hedge fund in the world in 2021. He joins Alec Beckman of Psalion for a conversation on the death of the four-year cycle, why Bitcoin is being mislabeled as a risk-on asset, and why Strategy's concentration may now be a risk to the very market it helped build.

They cover Enneking's Law, the long squeeze risk in leveraged Bitcoin buying, what Strategy's endgame actually has to look like, the Clarity Act as the next major catalyst, and how Psalion generates Bitcoin yield through automated market maker liquidity — with self-custody preserved on the lending side.

Learn more: https://psalion.com

CHAPTERS:

00:00 Cold Open

01:13 The End of the Four-Year Cycle

04:59 Bitcoin as a Risk-On Asset

13:16 Institutional Influence on Bitcoin

18:59 Bitcoin and Fiat's Runway

31:47 Saylor's Dilemma & Concentration Risk

37:22 Strategy Buying The Top Forever?

45:02 MSTR Endgame & BTC Yield