What Bitcoin Did BITCOIN BONDS & THE FIAT PONZI w/ Preston Pysh & Nico Lechuga
6 snips
Feb 21, 2025 
Preston Pysh, an investor and podcast host, joins Nico Lechuga, a founding partner at Ego Death Capital, to dive deep into the world of Bitcoin-backed bonds. They discuss how these innovative financial products could hedge against inflation and transform corporate finance. The guests also explore Bitcoin's potential in U.S. sovereign wealth funds and the implications for global monetary policy. With insights on fiscal reform and the shifting dynamics of traditional finance, they present a compelling case for the revolutionary role of Bitcoin in the future economy.
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Preston's Athletic Abilities
- Preston Pysh is a scratch golfer and was top of his boxing class at West Point.
- He nearly fought Nico Lechuga on a dance floor after claiming he could win in a fight.
Bitcoin-Backed Bonds
- Bitcoin-backed bonds offer inflation protection by tying a percentage of their value to Bitcoin.
- This makes them attractive to investors concerned about fiat devaluation.
Short-Duration Treasuries
- Short-duration treasuries are problematic because they effectively monetize debt.
- Rolling debt by shortening duration masks the printing of money until it becomes overnight money.
