Over The Horizon: A Bitcoin Podcast

<p>James Lavish joins me to break down one of the most chaotic macro backdrops in recent memory: war risk in the Middle East, oil-driven inflation, Fed paralysis, quantum computing fears, and a new wave of institutional bitcoin adoption.</p> <p>We discuss why markets hate uncertainty, how oil shocks can force the Fed into a corner, why bitcoin has stayed surprisingly resilient through geopolitical turmoil, and what Morgan Stanley’s new spot bitcoin ETF says about where institutional demand is heading next.</p> <p>We also dive into Iran’s reported bitcoin tariff idea, the real implications of quantum computing for bitcoin, and whether Kevin Warsh would actually change anything at the Fed.</p> <p><strong>Links</strong> </p> <p>Follow James on X → <a href="https://twitter.com/jameslavish">https://twitter.com/jameslavish</a> </p> <p>Bitcoin Opportunity Fund → <a href="https://bitcoinopportunity.fund">https://bitcoinopportunity.fund</a></p> <p>Stack Bitcoin using your home equity → <a href="https://joinhorizon.com">https://joinhorizon.com</a> </p> <p>See your home's Bitcoin potential → <a href="https://joinhorizon.com/calculator">https://joinhorizon.com/calculator</a> </p> <p>Schedule a 1-on-1 consultation → <a href="https://calendly.com/d/cryw-39y-2j4/horizon-consultation">https://calendly.com/d/cryw-39y-2j4/horizon-consultation</a> </p> <p>Follow Joe on X → <a href="https://x.com/JoeConsorti">https://x.com/JoeConsorti</a></p> <p><em>Disclaimer: Horizon is a technology company that helps users buy and custody their Bitcoin and does not directly provide financial or investment services. Horizon connects homeowners with licensed home equity investment providers but does not act as an agent or broker for the homeowner or any third party. Homeowners should consult their financial, tax, or legal advisor before making any investment decision. For additional information, please refer to our FAQ, terms and conditions, and our preferred providers' websites.</em></p>

<p>Dan Hillery joins me to break down one of the biggest shifts happening in bitcoin right now: the rise of a full Bitcoin-native financial stack.</p> <p>We get into why STRC has become such a breakout product, how Strategy is building layered financial infrastructure on top of Bitcoin, and why products like Buck could expand access to Bitcoin-backed yield around the world.</p> <p>We also cover the long-term drivers of bitcoin’s price, the role of liquidity and credit markets, and why the securitization of Bitcoin may become one of the largest opportunities in global finance.</p> <p>We cover: </p> <p>• Why STRC has found product-market fit </p> <p>• How Strategy is building the Bitcoin risk curve </p> <p>• Why bitcoin-backed credit could reshape fixed income </p> <p>• MSTR as a layer built on top of Bitcoin </p> <p>• How Buck is packaging STRC for global users </p> <p>• Why Bitcoin’s financialization may drive long-term capital inflows </p> <p>• The risks to Strategy’s balance sheet and the broader system </p> <p>• How Dan thinks about Bitcoin allocation, yield, and long-term upside</p> <p><strong>Guest links:</strong> </p> <p>Dan on X → <a href="https://twitter.com/Hillary_">https://twitter.com/Hillery_Dan</a> </p> <p>Buck → <a href="https://buck.io">https://buck.io</a></p> <p>Stack Bitcoin using your home equity → <a href="https://joinhorizon.com">https://joinhorizon.com</a> </p> <p>See your home's Bitcoin potential → <a href="https://joinhorizon.com/calculator">https://joinhorizon.com/calculator</a> </p> <p>Schedule a 1-on-1 consultation → <a href="https://calendly.com/d/cryw-39y-2j4/horizon-consultation">https://calendly.com/d/cryw-39y-2j4/horizon-consultation</a> </p> <p>Follow Joe on X → <a href="https://x.com/JoeConsorti">https://x.com/JoeConsorti</a></p> <p><strong>Chapters:</strong></p> <p>00:00 Intro </p> <p>01:13 Why STRC is such a big deal </p> <p>03:52 Why STRC is succeeding where other preferreds struggled </p> <p>05:29 STRC’s Sharpe ratio and risk-adjusted returns </p> <p>07:38 Private credit, liquidity, and why STRC matters now </p> <p>09:28 Retail vs institutional ownership of STRC </p> <p>11:00 Basel III and Bitcoin risk weighting </p> <p>13:22 How big STRC could get </p> <p>14:52 What Buck is building </p> <p>16:25 Buck’s growth and adoption so far </p> <p>18:00 Why Bitcoin is becoming crypto’s best collateral </p> <p>19:09 What drives Bitcoin long term </p> <p>21:05 Macro, debt, and fiat debasement </p> <p>23:30 How STRC and Strategy drive capital into bitcoin </p> <p>25:38 Why retirees may love STRC </p> <p>29:12 MSTR as Bitcoin’s layer 3 </p> <p>31:50 The future of Bitcoin layer 4 products </p> <p>32:40 What Strategy builds next </p> <p>35:50 How large Strategy’s financial infrastructure can become </p> <p>37:00 The securitization of Bitcoin </p> <p>38:57 Global demand and non-US access </p> <p>40:45 Risks to the flywheel and Strategy’s balance sheet </p> <p>43:34 How Dan thinks about asset allocation </p> <p>46:17 Dan’s lessons from building in public </p> <p>47:44 Twitter, careers, and credibility </p> <p>48:41 At what price Dan would sell all his bitcoin</p> <p><strong>Disclaimer:</strong> </p> <p>Horizon is a technology company that helps users buy and custody their Bitcoin and does not directly provide financial or investment services. Horizon connects homeowners with licensed home equity investment providers but does not act as an agent or broker for the homeowner or any third party. Homeowners should consult their financial, tax, or legal advisor before making any investment decision. For additional information, please refer to our FAQ, terms and conditions, and our preferred providers' websites.</p>

<p>Michael Howell joins me to break down one of the most important macro setups in the world right now: falling global liquidity, rising oil prices, a growing debt maturity wall, and the changing relationship between the Fed, the Treasury, and the global monetary system.</p> <p>We cover: </p> <p>• Why Michael believes the global liquidity cycle peaked in late 2025 </p> <p>• How the Iran war and oil shock are draining liquidity from financial markets </p> <p>• Why oil could move much higher from here </p> <p>• What the debt maturity wall means for financial stability </p> <p>• Why the Fed’s reserve management purchases matter </p> <p>• How stablecoins could re-dollarize the world </p> <p>• Why China may be moving toward a different monetary model </p> <p>• How Michael is thinking about asset allocation in this environment </p> <p>• Why bitcoin and gold remain core long-term holdings</p> <p>This is a big-picture conversation on liquidity, monetary inflation, commodity shocks, bond markets, stablecoins, and bitcoin’s role in a changing global system.</p> <p>Follow Michael on X → <a href="https://x.com/crossbordercap">https://x.com/crossbordercap</a> </p> <p>Cross Border Capital → <a href="https://crossbordercapital.com">https://crossbordercapital.com</a> </p> <p>Capital Wars Substack → <a href="https://capitalwars.substack.com/">https://capitalwars.substack.com/</a> </p> <p>GL Index Data Provider → <a href="https://glindexes.com">https://glindexes.com</a></p> <p>Stack Bitcoin using your home equity → <a href="https://joinhorizon.com">https://joinhorizon.com</a> </p> <p>See your home's Bitcoin potential → <a href="https://joinhorizon.com/calculator">https://joinhorizon.com/calculator</a> </p> <p>Schedule a 1-on-1 consultation → <a href="https://calendly.com/d/cryw-39y-2j4/horizon-consultation">https://calendly.com/d/cryw-39y-2j4/horizon-consultation</a></p> <p>Follow Joe on X → <a href="https://x.com/JoeConsorti">https://x.com/JoeConsorti</a></p> <p>00:00 Introduction to Global Liquidity and Oil Shock </p> <p>02:59 Impact of Oil Prices on Liquidity and Markets </p> <p>05:44 Gold and Oil Price Dynamics </p> <p>08:52 Yield Curve Outlook and Market Reactions </p> <p>11:43 Bitcoin's Performance Amidst Market Turbulence </p> <p>14:49 Federal Reserve's Reserve Management Purchases </p> <p>18:02 Stablecoins and the Future of Currency </p> <p>20:58 Debt Maturity Wall and Financial Stability </p> <p>27:11 Understanding the Global Liquidity Cycle </p> <p>29:08 The Debt-Liquidity Nexus Explained </p> <p>30:56 The Everything Bubble and Its Implications </p> <p>34:28 Geopolitical Tensions and Monetary Systems </p> <p>38:56 China's Economic Strategy and the Yuan </p> <p>42:30 The Evolving Role of the Fed and Treasury </p> <p>50:23 Asset Allocation in a Changing Liquidity Cycle</p> <p>Disclaimer: Horizon is a technology company that helps users buy and custody their Bitcoin and does not directly provide financial or investment services. Horizon connects homeowners with licensed home equity investment providers but does not act as an agent or broker for the homeowner or any third party. Homeowners should consult their financial, tax, or legal advisor before making any investment decision. For additional information, please refer to our FAQ, terms and conditions, and our preferred providers' websites.</p>

<p>Morgan Stanley is preparing to launch its own spot bitcoin ETF, and that could mark another major step forward for institutional bitcoin adoption. </p> <p>In this episode, James Seyffart of Bloomberg Intelligence joins me to break down what Morgan Stanley’s move means, why spot bitcoin ETF holders have stayed surprisingly resilient through a major drawdown, and how macro stress is reshaping flows across crypto and traditional markets. </p> <p>We cover: </p> <p>• Why Morgan Stanley launching its own spot bitcoin ETF matters </p> <p>• What ETF flows reveal about investor conviction during this drawdown </p> <p>• Why retail ETF holders may be stronger hands than many expected </p> <p>• How hedge funds, basis trades, and market makers actually influence flows </p> <p>• Why bitcoin has recently traded more like a risk asset </p> <p>• How war, energy prices, and rising real yields are impacting markets </p> <p>• Why capital is rotating from software into energy, materials, and industrials </p> <p>• What to watch next in crypto ETPs, index products, and regulatory clarity </p> <p>Guest links </p> <p>Follow James on X → <a href="https://x.com/jseyff">https://x.com/jseyff</a> </p> <p>Stack Bitcoin using your home equity → <a href="https://joinhorizon.com">https://joinhorizon.com</a> </p> <p>See your home's Bitcoin potential → <a href="https://joinhorizon.com/calculator">https://joinhorizon.com/calculator</a> </p> <p>Schedule a 1-on-1 consultation → <a href="https://calendly.com/d/cryw-39y-2j4/horizon-consultation">https://calendly.com/d/cryw-39y-2j4/horizon-consultation</a> </p> <p>Follow Joe on X → <a href="https://x.com/JoeConsorti">https://x.com/JoeConsorti</a> </p> <p>Disclaimer: Horizon is a technology company that helps users buy and custody their Bitcoin and does not directly provide financial or investment services. Horizon connects homeowners with licensed home equity investment providers but does not act as an agent or broker for the homeowner or any third party. Homeowners should consult their financial, tax, or legal advisor before making any investment decision. For additional information, please refer to our FAQ, terms and conditions, and our preferred providers' websites.</p>

<p>Sam Callahan returns to Over the Horizon to break down why Strategy's Perpetual Preferred Stock, STRC (Stretch), may be one of the most important Bitcoin products in the market today. Joe and Sam unpack how a Bitcoin-linked fixed income product could become a structural bid for BTC, why corporate treasurers are rethinking cash management, and what it means when a single product is already absorbing multiples of Bitcoin’s weekly supply. </p> <p>They also discuss the 20 millionth bitcoin being mined, why the final 1 million BTC matter more than most people realize, the mispricing of risk in traditional finance, Bitcoin vs. gold, Bitcoin’s portability in times of war and capital controls, the unsustainable fiscal backdrop, and what Orange BTC is building in Brazil as institutional adoption accelerates. </p> <p>Follow Sam on X → <a href="https://x.com/samcallah">https://x.com/samcallah</a> </p> <p>OranjeBTC Website → <a href="http://oranjebtc.com">oranjebtc.com</a> </p> <p>Follow Joe on X → <a href="https://x.com/JoeConsorti">https://x.com/JoeConsorti</a> </p> <p>Stack Bitcoin using your home equity → <a href="https://joinhorizon.com">https://joinhorizon.com</a> </p> <p>See your home's Bitcoin potential → <a href="https://joinhorizon.com/calculator">https://joinhorizon.com/calculator</a> </p> <p>Schedule a 1-on-1 consultation → <a href="https://calendly.com/d/cryw-39y-2j4/horizon-consultation">https://calendly.com/d/cryw-39y-2j4/horizon-consultation</a> </p> <p>Disclaimer: Horizon is a technology company that helps users buy and custody their Bitcoin and does not directly provide financial or investment services. Horizon connects homeowners with licensed home equity investment providers but does not act as an agent or broker for the homeowner or any third party. Homeowners should consult their financial, tax, or legal advisor before making any investment decision. For additional information, please refer to our FAQ, terms and conditions, and our preferred providers' websites.</p>

<p>In this episode of Over The Horizon, I’m joined by Caleb Franzen, Founder of Cubic Analytics, to break down why Bitcoin’s crash to $67,000 matters and what the data says about where price could go next.</p> <p>Caleb explains why the breakdown below the 2-day 200 moving average is so important, how risk appetite is collapsing across speculative assets, and how investors should think about survival, capitulation, and accumulation during a Bitcoin bear market.</p> <p>Follow Caleb on X → <a href="https://x.com/CalebFranzen">https://x.com/CalebFranzen</a></p> <p>Cubic Analytics → <a href="https://cubicanalytics.substack.com">https://cubicanalytics.substack.com</a></p> <p>Stack Bitcoin using your home equity → <a href="https://joinhorizon.com">https://joinhorizon.com</a></p> <p>See your home's Bitcoin potential → <a href="https://joinhorizon.com/calculator">https://joinhorizon.com/calculator</a></p> <p>Schedule a 1-on-1 consultation → <a href="https://calendly.com/d/cryw-39y-2j4/horizon-consultation">https://calendly.com/d/cryw-39y-2j4/horizon-consultation</a></p> <p>Follow Joe on X → <a href="https://x.com/JoeConsorti">https://x.com/JoeConsorti</a></p> <p>Disclaimer: Horizon is a technology company that helps users buy and custody their Bitcoin and does not directly provide financial or investment services. Horizon connects homeowners with licensed home equity investment providers but does not act as an agent or broker for the homeowner or any third party. Homeowners should consult their financial, tax, or legal advisor before making any investment decision. For additional information, please refer to our FAQ, terms and conditions, and our preferred providers' websites.</p>

<p>Rajat Soni is a CFA charterholder who worked in traditional finance for nearly a decade. Today, he creates personal finance and bitcoin content full time.</p> <p>In this episode, we break down why bitcoin is cash, why real estate became financialized into a distorted savings vehicle, and why inflation is required for the current system to function. We discuss why “bitcoin has no cash flow” misses the point entirely, why leverage is dangerous for most people, how emergency funds should actually be structured, and why real wealth is built during bear markets, not bull markets.</p> <p>Rajat also lays out his long-term thesis for why bitcoin could reach $10,000,000 as it absorbs the monetary premium from real estate, bonds, gold, and other traditional stores of value.</p> <p><strong>Guest links</strong> Rajat on X → <a href="https://x.com/Rajatsoni">https://x.com/Rajatsoni</a></p> <p>Rajat on YouTube → <a href="https://www.youtube.com/@rajatsonifinance">https://www.youtube.com/@rajatsonifinance</a></p> <p>Stack Bitcoin using your home equity → <a href="https://joinhorizon.com">https://joinhorizon.com</a></p> <p>See your home's Bitcoin potential → <a href="https://joinhorizon.com/calculator">https://joinhorizon.com/calculator</a></p> <p>Schedule a 1-on-1 consultation → <a href="https://calendly.com/d/cryw-39y-2j4/horizon-consultation">https://calendly.com/d/cryw-39y-2j4/horizon-consultation</a></p> <p>Follow Joe on X → <a href="https://x.com/JoeConsorti">https://x.com/JoeConsorti</a></p>

<p>In this episode, I sit down with British HODL, one of the most direct voices in Bitcoin and a former real estate, gold, and TradFi investor who went all-in after understanding Bitcoin’s monetary nature.</p> <p>We cover why Bitcoin is now the global liquidity sink, why BlackRock’s ETF was the most important event in Bitcoin’s history, and why the four-year cycle is effectively over. We also dig into Bitcoin versus real estate, capital flight from housing, institutional absorption, and why owning Bitcoin has become a question of allocation rather than belief.</p> <p>Topics we discuss:</p> <ul> <li>Why Bitcoin is absorbing global liquidity</li> <li>Real estate’s declining role as a store of value</li> <li>Why BlackRock’s ETF changed everything</li> <li>The death of the four-year cycle narrative</li> <li>Institutional absorption vs retail speculation</li> <li>Why Bitcoin still looks “boring” before its next major move</li> <li>British HODL’s $340k Bitcoin thesis before the next halving</li> </ul> <p>If you’re trying to understand where Bitcoin sits in the global financial system today, and what actually matters from here, this conversation lays it out clearly.</p> <p><strong>Guest links</strong></p> <p>Follow British HODL on X → <a href="https://x.com/BritishHodl">https://x.com/BritishHodl</a></p> <p>British HODL on YouTube → <a href="https://www.youtube.com/@BritishHodl">https://www.youtube.com/@BritishHodl</a></p> <p>Stack Bitcoin using your home equity → <a href="https://joinhorizon.com">https://joinhorizon.com</a></p> <p>See your home's Bitcoin potential → <a href="https://joinhorizon.com/calculator">https://joinhorizon.com/calculator</a></p> <p>Schedule a 1-on-1 consultation → <a href="https://calendly.com/d/cryw-39y-2j4/horizon-consultation">https://calendly.com/d/cryw-39y-2j4/horizon-consultation</a></p> <p>Follow Joe on X → <a href="https://x.com/JoeConsorti">https://x.com/JoeConsorti</a></p> <p><em>Disclaimer: Horizon is a technology company that helps users buy and custody their Bitcoin and does not directly provide financial or investment services. Horizon connects homeowners with licensed home equity investment providers but does not act as an agent or broker for the homeowner or any third party. Homeowners should consult their financial, tax, or legal advisor before making any investment decision. For additional information, please refer to our FAQ, terms and conditions, and our preferred providers' websites.</em></p>

<p>In this episode, I’m joined by Grant Cardone to break down one of the most important investing conversations happening right now: bitcoin and real estate. We start with what’s happening on the ground. Grant’s Malibu home was damaged in the Palisades fire, and more than a year later, California still won’t allow basic repairs. From there, we unpack how regulation, taxation, and political incentives are reshaping where capital flows. Then we get into the core framework Grant uses today: • Why real estate works for cash flow, but struggles as a long-term growth asset • Why bitcoin has emerged as a superior growth and opportunity-cost hedge • How Cardone Capital is combining real estate income with bitcoin on the balance sheet • Why Grant believes the REIT industry is overdue for disruption • What wealth building actually looks like in a system that keeps changing the rules We also close on mindset. Why resentment toward money repels it, why respect for capital matters, and how long-term wealth is built across cycles. This is a deep, honest conversation about capital, incentives, and positioning yourself for what comes next. Stack Bitcoin using your home equity → https://joinhorizon.com See your home's Bitcoin potential → https://joinhorizon.com/calculator Schedule a 1-on-1 consultation → https://calendly.com/d/cryw-39y-2j4/horizon-consultation Follow Grant on X → https://x.com/GrantCardone Follow Joe on X → https://x.com/JoeConsorti Disclaimer: Horizon is a technology company that helps users buy and custody their Bitcoin and does not directly provide financial or investment services. Horizon connects homeowners with licensed home equity investment providers but does not act as an agent or broker for the homeowner or any third party. Homeowners should consult their financial, tax, or legal advisor before making any investment decision. For additional information, please refer to our FAQ, terms and conditions, and our preferred providers' websites.</p> <p>Subscribe to <a href="https://mysoundwise.com/soundcasts/1761099461996s">Over The Horizon: A Bitcoin Podcast</a> on <a href="https://mysoundwise.com/soundcasts/1761099461996s">Soundwise</a></p>

<p>In this New Year’s Eve episode of Over The Horizon, I’m joined by Tad Smith, Partner at 50T Funds and former CEO of Sotheby’s and the Madison Square Garden Company. We reflect on one of the strangest market years in recent memory and look ahead to what 2026 may bring. We cover: • Why silver and gold dominated 2025 while bitcoin lagged • The rise of speculative behavior and the “prison of financial mediocrity” • AI’s impact on white-collar jobs and the future of work • Whether AI creates abundance or accelerates inequality • Bitcoin’s role as hard money in a world of expanding social safety nets • The future of art in the age of AI • Why bitcoin treasury companies struggled in 2025 • Bitcoin vs gold vs real estate as long-term stores of value • Tad’s outlook for liquidity, markets, and geopolitics in 2026 Follow Tad on X → https://x.com/TadTweets Follow Joe on X → https://x.com/JoeConsorti Stack Bitcoin using your home equity → https://joinhorizon.com See your home's Bitcoin potential → https://joinhorizon.com/calculator Schedule a 1-on-1 consultation → https://calendly.com/d/cryw-39y-2j4/horizon-consultation 00:00 Reflections on 2025: A Year of Surprises 01:34 The Impact of Financial Hardship on Behavior 04:28 The Rise of Monetary Metals 07:24 The Prison of Financial Mediocrity 10:00 The Role of AI in the Economy 12:57 The Future of Work and Job Displacement 15:55 Bitcoin and Hard Money in an Abundant Future 18:54 AI and the Future of Art 29:01 The Nature of Art and Creativity 31:54 The Value of Human Art in a Digital Age 35:43 Bitcoin Treasury Companies: Performance and Challenges 38:29 The Impact of Volatility on Bitcoin 47:44 Bitcoin vs. Gold and Real Estate: The Future of Value 51:00 Looking Ahead: Predictions for 2026 Disclaimer: Horizon is a technology company that helps users buy and custody their Bitcoin and does not directly provide financial or investment services. Horizon connects homeowners with licensed home equity investment providers but does not act as an agent or broker for the homeowner or any third party. Homeowners should consult their financial, tax, or legal advisor before making any investment decision. For additional information, please refer to our FAQ, terms and conditions, and our preferred providers' websites.</p> <p>Subscribe to <a href="https://mysoundwise.com/soundcasts/1761099461996s">Over The Horizon: A Bitcoin Podcast</a> on <a href="https://mysoundwise.com/soundcasts/1761099461996s">Soundwise</a></p>

<p>In this episode of Over The Horizon, I’m joined by Lawrence Lepard, Managing Partner at Equity Management Associates, co-founder of the Bitcoin Opportunity Fund, and author of The Big Print. We focus on why the next bitcoin cycle could be far larger than many expect, with Lawrence laying out a framework that points to $250k+ bitcoin as monetary policy, debt growth, and inflation pressures collide. We also discuss why gold tends to lead during periods of debasement, and why bitcoin historically follows with greater magnitude. We cover: • Why the Fed’s latest balance sheet expansion is effectively money printing • The debt doom loop and fiscal dominance • Why gold leads and bitcoin follows harder • Lawrence’s framework for a $250k+ bitcoin cycle • Whether the four-year bitcoin cycle still applies • What rising adoption means for bitcoin’s long-term trajectory If you’re trying to understand where bitcoin could go next and what’s driving this cycle beneath the surface, this conversation connects the dots. Follow Lawrence Lepard on X → https://x.com/LawrenceLepard Follow Joe on X → https://x.com/JoeConsorti Stack Bitcoin using your home equity → https://joinhorizon.com See your home's Bitcoin potential → https://joinhorizon.com/calculator Schedule a 1-on-1 consultation → https://calendly.com/d/cryw-39y-2j4/horizon-consultation Disclaimer: Horizon is a technology company that helps users buy and custody their Bitcoin and does not directly provide financial or investment services. Horizon connects homeowners with licensed home equity investment providers but does not act as an agent or broker for the homeowner or any third party. Homeowners should consult their financial, tax, or legal advisor before making any investment decision. For additional information, please refer to our FAQ, terms and conditions, and our preferred providers' websites.</p> <p>Subscribe to <a href="https://mysoundwise.com/soundcasts/1761099461996s">Over The Horizon: A Bitcoin Podcast</a> on <a href="https://mysoundwise.com/soundcasts/1761099461996s">Soundwise</a></p>

<p>In this episode, Mark Yusko joins me for a wide-ranging conversation on innovation, Bitcoin, AI, the Federal Reserve, and the forces shaping the next decade of markets. We cover: • How innovation functions as an asset class • Why inflation is theft and how the Fed creates a K-shaped economy • Market manipulation, price controls, and why interest rates should be set by markets • The role of data, chips, and AI in the next global power shift • Bitcoin’s four-year cycle, Metcalfe’s Law valuation, and expectations heading into 2026 • Why decentralized systems matter more than ever Stack Bitcoin using your home equity → https://joinhorizon.com See your home's Bitcoin potential → https://joinhorizon.com/calculator Schedule a 1-on-1 consultation → https://calendly.com/d/cryw-39y-2j4/horizon-consultation Follow Joe on X → https://x.com/JoeConsorti Disclaimer: Horizon is a technology company that helps users buy and custody their Bitcoin and does not directly provide financial or investment services. Horizon connects homeowners with licensed home equity investment providers but does not act as an agent or broker for the homeowner or any third party. Homeowners should consult their financial, tax, or legal advisor before making any investment decision. For additional information, please refer to our FAQ, terms and conditions, and our preferred providers' websites.</p> <p>Subscribe to <a href="https://mysoundwise.com/soundcasts/1761099461996s">Over The Horizon: A Bitcoin Podcast</a> on <a href="https://mysoundwise.com/soundcasts/1761099461996s">Soundwise</a></p>

<p>In this episode of Over The Horizon, I sit down with Jesse Myers, Head of Bitcoin Strategy at The Smarter Web Company, for one of the most comprehensive breakdowns yet of what’s really happening inside Bitcoin treasury companies. We dig into: • Why SmarterWeb now holds 2,664 BTC, making it the UK’s largest Bitcoin treasury • How the tide went out on Bitcoin treasuries over the last four months • The hedge-fund short trade (the “Chanos trade”) and how it distorted valuations • How PIPE deals created toxic incentives — and why retail holders paid the price • The difference between SmarterWeb’s model and the wave of copycat structures • What sub-1× MNAV really means and why buybacks become extremely powerful there • Why Bitcoin measured in gold terms shows we haven’t had a real bull market yet • OG whales vs. the new institutional bid (ETFs, sovereign entities, fixed-income allocators) • Why Bitcoin treasury companies will become pipelines for TradFi capital • The coming rise of Bitcoin-powered fixed-income and “digital credit” markets Jesse lays out how Bitcoin treasury companies actually work, how they access capital market tools unavailable to individuals, and why this is only the first year of a decades-long shift in how global capital allocators buy bitcoin. If you want to understand the mechanics, risks, and future trajectory of Bitcoin treasury companies, this is the episode. Follow Jesse on X → https://x.com/Croesus_BTC Stack Bitcoin using your home equity → https://joinhorizon.com See your home's Bitcoin potential → https://joinhorizon.com/calculator Schedule a 1-on-1 consultation → https://calendly.com/d/cryw-39y-2j4/horizon-consultation Follow Joe on X → https://x.com/JoeConsorti 00:00 Introduction to Bitcoin Strategy and Smarter Web 01:37 Current State of Bitcoin Treasury Companies 04:22 Market Sentiment and Bitcoin Valuation 07:21 Impact of Hedge Funds on Bitcoin Treasury Companies 09:50 The Role of PIPE Deals in Market Dynamics 11:59 SmarterWeb's Unique Approach to Bitcoin Treasury 14:27 Share Buybacks and Their Implications 17:05 Future Outlook for Bitcoin and Treasury Companies 19:26 Bitcoin's Current Market Dynamics 25:47 Institutional Influence on Bitcoin 32:18 Understanding Bitcoin Treasury Companies 39:13 Future Trends in Bitcoin and Finance Disclaimer: Horizon is a technology company that helps users buy and custody their Bitcoin and does not directly provide financial or investment services. Horizon connects homeowners with licensed home equity investment providers but does not act as an agent or broker for the homeowner or any third party. Homeowners should consult their financial, tax, or legal advisor before making any investment decision. For additional information, please refer to our FAQ, terms and conditions, and our preferred providers' websites.</p> <p>Subscribe to <a href="https://mysoundwise.com/soundcasts/1761099461996s">Over The Horizon: A Bitcoin Podcast</a> on <a href="https://mysoundwise.com/soundcasts/1761099461996s">Soundwise</a></p>

<p>Bitcoin is down almost 30% from its October high — but under the surface, liquidity, treasury demand, and digital credit markets are accelerating. I sat down with Ben Werkman, CIO at Strive, to break down Bitcoin’s market structure, the rise of perpetual preferred equity, Strive’s financial product roadmap, and why companies are rushing to adopt bitcoin as an infinite-duration treasury asset. We cover: • Bitcoin’s price action and liquidity backdrop • Why bitcoin is the only asset that combats monetary debasement • Strive’s treasury strategy and preferred equity model • The rise of yield-based digital credit • How bitcoin-backed securities will evolve • What investors misunderstand about digital credit GUEST LINKS: Follow Ben on X → https://x.com/BenWerkman Strive Website → https://strive.com/ Follow Strive on X → https://x.com/strive Follow Joe on X → https://x.com/JoeConsorti HORIZON LINKS: Stack Bitcoin using your home equity → https://joinhorizon.com See your home's Bitcoin potential → https://joinhorizon.com/calculator Disclaimer: Horizon is a technology company that helps users buy and custody their Bitcoin and does not directly provide financial or investment services. Horizon connects homeowners with licensed home equity investment providers but does not act as an agent or broker for the homeowner or any third party. Homeowners should consult their financial, tax, or legal advisor before making any investment decision. For additional information, please refer to our FAQ, terms and conditions, and our preferred providers' websites.</p> <p>Subscribe to <a href="https://mysoundwise.com/soundcasts/1761099461996s">Over The Horizon: A Bitcoin Podcast</a> on <a href="https://mysoundwise.com/soundcasts/1761099461996s">Soundwise</a></p>

<p>Chris Drzyzga joins me to unpack how Bitcoin is fundamentally changing commercial real estate — a $37 trillion market facing structural decline. We discuss how Bitcoin is emerging as a competitor for real estate capital, the idea of dual-collateralized financing, and why traditional investment strategies are breaking down. Chris outlines his “four-pillar” framework for the new era of property ownership — from Bitcoin treasury management and energy optimization to PropTech and modular improvements. If you’re in real estate or just curious how Bitcoin intersects with hard assets, this episode is essential viewing. Follow Chris on X → https://x.com/ChrisDrz Follow Joe on X → https://x.com/JoeConsorti Stack Bitcoin using your home equity → https://joinhorizon.com See your home's Bitcoin potential → https://joinhorizon.com/calculator 00:00 Introduction to Chris Drzyzga and His Journey 02:49 The Financialization of Bitcoin and Real Estate 05:50 The Alarm Bells of Real Estate 08:46 The Changing Landscape of Commercial Real Estate 11:47 The Impact of Technology on Office Space 14:53 Short-Term Hold Periods and Market Fragility 18:12 The Shift in Commercial Real Estate Investment Strategies 21:11 The Competition Between Bitcoin and Real Estate 23:45 Dual Collateralization in Real Estate Financing 33:22 Understanding Bitcoin's Role in Real Estate Investment 40:43 The Four Pillars of Modern Real Estate Strategy 48:20 Navigating Regulatory Challenges in Real Estate 55:52 Envisioning the Future of Commercial Real Estate 01:01:15 Taking Action: Integrating Bitcoin into Real Estate Disclaimer: Horizon is a technology company that helps users buy and custody their Bitcoin and does not directly provide financial or investment services. Horizon connects homeowners with licensed home equity investment providers but does not act as an agent or broker for the homeowner or any third party. Homeowners should consult their financial, tax, or legal advisor before making any investment decision. For additional information, please refer to our FAQ, terms and conditions, and our preferred providers' websites. #Bitcoin, #RealEstate, #CommercialRealEstate, #InvestmentStrategy, #DualCollateralization, #BitcoinFinance, #PropertyMarket, #Financialization, #EnergyOptimization, #PropTech, #MarketTrends, #CapitalStrategy, #BitcoinAdoption, #RealEstateInnovation, #Regulation, #Redevelopment</p> <p>Subscribe to <a href="https://mysoundwise.com/soundcasts/1761099461996s">Over The Horizon: A Bitcoin Podcast</a> on <a href="https://mysoundwise.com/soundcasts/1761099461996s">Soundwise</a></p>

<p>In this episode, Bram Kanstein, host of Bitcoin for Millennials, explores how fiat currency erodes values, incentives, and meaning—and how Bitcoin restores them. They discuss the educational gap around Bitcoin, the illusion of gold’s scarcity, and why sound money is essential for rebuilding a society that values creation over consumption. From financial nihilism to the philosophical and spiritual roots of value, this conversation dives deep into what makes Bitcoin the ideal money for future generations. Links: Follow Bram on X → https://x.com/bramk Stack Bitcoin using your home equity → https://joinhorizon.com See your home's Bitcoin potential → https://joinhorizon.com/calculator Schedule a 1-on-1 consultation → https://calendly.com/d/cryw-39y-2j4/horizon-consultation Follow Joe on X → https://x.com/JoeConsorti Chapters: 00:00 Introduction to Bitcoin Perspectives 02:38 Misconceptions About Bitcoin’s Origins 05:20 Understanding Bitcoin and Financial Education 08:21 The Role of Education in Bitcoin Adoption 10:45 Bitcoin vs. Gold: A Comparative Analysis 13:49 The Concept of Scarcity in Bitcoin 16:33 Bitcoin as the Ideal Money 19:07 The Future of Bitcoin and Financial Nihilism 29:46 The Value Proposition and Market Incentives 34:10 Bitcoin as a Catalyst for Real Value 37:19 The Spiritual and Philosophical Implications of Money 41:19 The Erosion of Value Creation in Modern Society 47:53 Reconstructing the Concept of Value 52:28 Bitcoin: A Tool for Future Generations Disclaimer: Horizon is a technology company that helps users buy and custody their Bitcoin and does not directly provide financial or investment services. Horizon connects homeowners with licensed home equity investment providers but does not act as an agent or broker for the homeowner or any third party. Homeowners should consult their financial, tax, or legal advisor before making any investment decision. For additional information, please refer to our FAQ, terms and conditions, and our preferred providers' websites.</p> <p>Subscribe to <a href="https://mysoundwise.com/soundcasts/1761099461996s">Over The Horizon: A Bitcoin Podcast</a> on <a href="https://mysoundwise.com/soundcasts/1761099461996s">Soundwise</a></p>

<p>In this episode, I’m joined by James Check — co-founder and on-chain analyst at Check On Chain — to break down Bitcoin’s current “Chop Solidation” phase and what it means for the next big move. We cover: • Why Bitcoin’s four-year cycle may be losing its predictive power • How ETFs and treasury companies are reshaping market structure • The bull vs. bear case for Bitcoin going into 2025 • Why sell-side pressure isn’t crashing the market • How to build a probabilistic game plan for any market condition James shares deep insights into on-chain data, investor sentiment, and trading strategy — offering one of the clearest frameworks for understanding Bitcoin’s evolving market structure. Follow James on X → https://x.com/_Checkmatey_ Follow Joe on X → https://x.com/JoeConsorti Stack Bitcoin using your home equity → https://joinhorizon.com See your home's Bitcoin potential → https://joinhorizon.com/calculator Schedule a 1-on-1 consultation → https://calendly.com/d/cryw-39y-2j4/horizon-consultation 00:00 Introduction and Current State of Bitcoin 01:58 Chop Solidation: Understanding Market Trends 05:40 The Four-Year Cycle: A Dying Narrative? 09:29 Market Dynamics: Demand vs. Supply 13:24 Sell-Side Pressure: Analyzing Market Sentiment 19:17 Bull and Bear Cases: Navigating Uncertainty 24:46 Understanding Bitcoin's Price Levels 27:04 Gold's Influence on Bitcoin 29:15 Market Sentiment and Historical Trends 31:27 Leverage Wipeouts and Market Structure 35:06 The Future of Bitcoin Treasury Companies 42:20 Navigating Uncertainty in Bitcoin Trading Disclaimer: Horizon is a technology company that helps users buy and custody their Bitcoin and does not directly provide financial or investment services. Horizon connects homeowners with licensed home equity investment providers but does not act as an agent or broker for the homeowner or any third party. Homeowners should consult their financial, tax, or legal advisor before making any investment decision. For additional information, please refer to our FAQ, terms and conditions, and our preferred providers' websites.</p> <p>Subscribe to <a href="https://mysoundwise.com/soundcasts/1761099461996s">Over The Horizon: A Bitcoin Podcast</a> on <a href="https://mysoundwise.com/soundcasts/1761099461996s">Soundwise</a></p>