THE Bitcoin Podcast AI Bubble, Fed Pivot, Liquidity Cycles, & Bitcoin’s Next Move | Preston Pysh
Dec 9, 2025
Preston Pysh, an investor and Bitcoin educator known for his macro insights, discusses the complexities of the current economic landscape. He dives into the Fed's potential pivot away from quantitative tightening and how political dynamics might influence monetary policy. The conversation shifts to the impact of AI on liquidity and Bitcoin's four-year cycles, revealing how macro forces dominate price movements today. Additionally, Preston shares thoughts on MicroStrategy's aggressive accumulation strategy and the future of firms adopting a Bitcoin standard.
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Bitcoin's Current Decoupling From Markets
- Bitcoin drawdowns historically track liquidity and risk-off flows in fiat markets.
- Current decoupling from equities and bonds suggests an unusual liquidity-driven divergence.
Keep Dollar-Cost Averaging
- Dollar cost average into Bitcoin when price offers volatility dips.
- Use consistent contributions rather than overthinking short-term noise.
Four-Year Cycle Losing Its Gravitational Pull
- Early Bitcoin cycles were protocol-driven by halvings and mining dynamics.
- As adoption grows, macroeconomic liquidity and external factors increasingly shape cycles.
