The Bitcoin Treasuries Podcast with Tim Kotzman Scarcity, Hidden Forces:Where is the Supply Shock? with Jeff Park, Matt Cole, & Alexandre Laizet
14 snips
Oct 3, 2025 
In an engaging discussion, Jeff Park, CIO at ProCap, Matt Cole, CEO of Strive, and Alexandre Laizet, Director of Bitcoin Strategy at Capital ₿, dive into the intricacies of Bitcoin's scarcity and its implications for treasury companies. They explore the concept of supply shocks in Bitcoin compared to commodities and how stock-and-flow dynamics shape long-term investment strategies. The trio discusses institutional adoption trends and predicts the future landscape for Bitcoin treasury firms, highlighting their role as accumulation engines in this evolving market.
AI Snips
Chapters
Transcript
Episode notes
Two Kinds Of Liquidity Matter
- Jeff Park distinguishes market liquidity from funding liquidity and links scarcity to both dimensions.
- He argues Bitcoin treasuries can unlock credit by combining sovereign scarcity with market liquidity.
Stock And Flow Explain Scarcity
- Matt Cole frames Bitcoin dynamics as stock (where BTC resides) and flow (new supply and demand).
- He says ETFs, retirement access, and treasuries convert flow into long-term stock, driving supply tightening.
Treasury Firms Are Capital-Intensive Winners
- Alexandre Laizet says more Bitcoin treasury companies are needed and will become dominant in each capital market.
- He predicts treasury shares and Bitcoin allocation will outperform, compressing selling pressure on spot Bitcoin.