Why Bitcoin Treasury Companies Underperformed Recently

Preston Pysh, General Partner at Ego Death Capital and Lawrence Lepard, author of The Big Print, return to the show for an in-depth discussion about the macroeconomic turning point now unfolding. They break down the Fed's latest moves, the illusion of tightening, and why quantitative easing (QE) is inevitable — whether it's called that or not. The conversation spans the end of the petrodollar era, the rise of AI and automation, wealth inequality, populism, and the future of Bitcoin in a world of gold-buying central banks.

We discuss:

• Why liquidity drives every market cycle
• How QE will return under a new name
• Why gold leads but Bitcoin will win
• How AI & automation reshape labor, wages, and inflation -- and leads to more Mamdanis
• Why "crony capitalism," not capitalism, broke the system
• How quantum computing could force Bitcoin's next major upgrade

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Pre-order Natalie's new book "Bitcoin is For Everyone," available November 18, 2025. https://amzn.to/3WzFzfU

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Make sure to catch Tyler and Cameron Winklevoss speak at Bitcoin Amsterdam on November 13-14. Use code HODL for discounted passes: https://b.tc/conference

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Coin Stories is powered by Bitwise. Bitwise has over $10B in client assets, 32 investment products, and a team of 100+ employees across the U.S. and Europe, all solely focused on Bitcoin and digital assets since 2017. Learn more at https://www.bitwiseinvestments.com

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This podcast is for educational purposes and should not be construed as official investment advice.

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