The Mustard Seed—a bitcoin and long-term thinking podcast Are bitcoin cycles ending? with Jesse Myers
Sep 10, 2025
Join investor Jesse Myers as he dives into the shifting landscape of Bitcoin. He shares insights on why traditional boom-and-bust cycles may be fading and emphasizes the critical need for smart positioning to weather market downturns. Jesse explores the influence of treasury companies on investor psychology and Bitcoin's trajectory, along with the surprising strength of gold as a competing asset. He also discusses global wealth trends and the unexpected factors that will shape Bitcoin adoption over the next decade.
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Market Structure May End Classic Cycles
- Bitcoin cycles may be structurally changing as the market matures and traditional halving-driven patterns weaken.
- Jesse Myers suggests we might see extended stair-step appreciation with long consolidation rather than classic mania-and-bust cycles.
Treasury Firms Compress And Amplify Cycles
- Bitcoin treasury companies amplify volatility and can create compressed, faster cycles inside the broader market.
- Surviving early heavy drawdowns likely separates durable treasury companies from weaker entrants.
Avoid Fixed-Maturity Debt For Treasuries
- Avoid traditional fixed-maturity debt that can create existential repayment risk for Bitcoin treasury companies.
- Jesse explains why perpetual preferreds remove forced cash calls and reduce bankruptcy risk during drawdowns.