The Mustard Seed—a bitcoin and long-term thinking podcast

In this discussion, Luke Gromen, a macro analyst and founder known for his insights on fiscal and monetary risks, delves into the frail U.S. fiscal landscape. He explores the inevitable push for deficit monetization and the consequences of a decoupling between the financial and physical worlds. Luke highlights China's strategic commodity acquisitions and warns of potential economic dislocation due to AI's impact on white-collar jobs. He also shares his thoughts on Bitcoin versus gold, revealing his recent decision to reduce Bitcoin exposure amidst market uncertainties.

Rajat Soni, a former fixed-income professional turned Bitcoin educator, shares insights on Bitcoin's transformative role in finance. He discusses how traditional valuation models falter when applied to Bitcoin and why it should be viewed as a form of money rather than a cash-flow asset. Rajat delves into Bitcoin's characteristics, its low-risk profile as collateral for loans, and the implications for future economies. His views on the political consequences of real estate hoarding and the potential for Bitcoin to inspire innovation are particularly compelling.

MSTR’s bitcoin strategy is no longer a theory. It is a proven capital markets machine reshaping how corporations accumulate bitcoin through preferred equity, digital credit, and disciplined balance-sheet design. In this episode, we examine why volatility is being monetized, why fixed income is the next frontier, and why this strategy is built to compound over decades, not quarters.00:00 - Why MicroStrategy’s bitcoin strategy was misunderstood02:30 - The 2024 blow-off top that ignited bitcoin treasury adoption05:00 - Why price action is the true signal for corporate bitcoin adoption07:45 - How the strategy model survived the bear market09:15 - The pivot from convertible bonds to perpetual preferred equity12:10 - Why preferred equity works better in volatile markets15:00 - Digital credit and unlocking the $300 trillion fixed-income market18:45 - How long the bitcoin capital-markets arbitrage can last22:45 - Bitcoin’s end game, AI, and long-term growth limits27:20 - What digital credit looks like in the next bitcoin bull market31:30 - Is BTC Yield a flawed or misunderstood metric36:45 - Digital money, stablecoins, and building on bitcoin credit44:00 - Has Saylor actually changed the core bitcoin strategy49:15 - OG selling, volatility suppression, and market structure54:30 - Why holding a USD reserve strengthens the bitcoin strategy

Bitcoin’s security assumptions are entering a new era as quantum computing moves from theory toward reality. In this episode, Hunter Beast explains which bitcoin are actually at risk, why most supply remains safe, and how Bitcoin can evolve without compromising its core principles. This is a sober, long-term discussion on cryptography, state-level threats, and why Bitcoin remains the strongest monetary system for the decades ahead.Timestamps:00:00 - Welcome and why quantum matters for bitcoin04:28 - What quantum computers are and why they are different10:13 - How quantum computers break cryptography17:35 - Why quantum risk specifically matters for bitcoin19:44 - Which bitcoin are actually vulnerable today23:28 - Why Taproot changes the quantum threat model27:26 - High-level recap of bitcoin’s quantum exposure30:14 - NSA, NIST, and why government cryptography cannot be trusted32:40 - Why hash-based cryptography may be bitcoin’s safest path40:39 - Broken money, central banking, and why bitcoin matters51:56 - What the bitcoin community should focus on next54:43 - The “quantum discount” on bitcoin’s future value57:39 - Why bitcoin survives even state-level adversaries01:00:06 - Final thoughts and where to follow Hunter Beast

In this engaging discussion, Joe Consorti, a bitcoin and macro strategist, dives into the implications of the Fed's recent policy resembling 2019's QE-lite. He analyzes why liquidity is returning and how bitcoin stands strong amid economic shifts. Topics include the K-shaped economy's winners and losers, the potential impact of a new Fed chair, and bitcoin's evolving market structure. With insights on credit dynamics and an optimistic outlook for 2026, Consorti makes a compelling case for bitcoin as an essential asset in today's financial landscape.

Bitcoin is entering a new phase where old narratives are breaking down and real macro forces are taking over. In this episode, John Haar explains why the halving cycle is losing its power, how corporate balance sheets and global credit markets are setting the stage for explosive long-term adoption, and why 2026 may redefine every prior price cycle.Timestamps:00:00 - Intro and 2025 bitcoin price action & sentiment02:05 - Why this is not a repeat of the 2021 cycle top09:44 - Are halvings still driving bitcoin or are they becoming irrelevant?12:02 - John’s base case: new ATH above $130k in 2026 and the end of the 4-year cycle meme19:15 - Bitcoin vs Mag 7: why it’s still the best debasement trade in a passive world30:24 - Why “credit came before money” makes no sense logically33:18 - MMT, government IOUs, and the push to normalize debt-based money36:27 - What drives the next wave of bitcoin adoption and who joins next40:10 - What credit looks like on a bitcoin standard vs today’s dollar debt system44:52 - How corporate debt issuance is a speculative attack on the dollar48:45 - Bitcoin treasury companies: from overheated hype to “ice cold” sentiment50:25 - Can $300T of fixed income eventually flow into bitcoin-backed digital credit?58:26 - Why strategy is stockpiling 1–2 years of USD reserves for its preferreds59:38 - Catalysts for the next bitcoin bull run into 2026

In this discussion, Stephan Livera, a prominent Bitcoin podcaster and economist, dives deep into the world of digital credit and its impact on Bitcoin’s dynamics. He explains the concept of amplified Bitcoin and why its volatility can be so intense. The debate between Bitcoin Core and Knots is assessed, revealing how it may be more noise than substance. Topics like the power law adoption model and the looming threat of quantum computing are also explored, alongside insights into Bitcoin’s growth as a medium of exchange and merchant adoption.

In this discussion, Joe Consorti, a macro and markets commentator, delves into Bitcoin's latest price dynamics and the silent shifts among long-term holders. He argues that recent sell-offs may actually indicate strength, highlighting key support levels at $95,000 and $100,000. Joe explores the ramifications of rising socialism tied to economic discrepancies and warns about the risks linked to concentrated equity markets. Additionally, he underscores how Bitcoin's movements reflect the business cycle more than its halving, hinting at an upcoming rally driven by easing financial conditions.

Kenny Alves, founder of West Main Self Storage and a seasoned Bitcoiner, joins the conversation on integrating Bitcoin into traditional business. He shares insights on transforming his family’s self-storage company into a Bitcoin treasury, discussing the potential of using Bitcoin as collateral for real estate investments. Kenny also emphasizes how small businesses can lead Bitcoin adoption and explores AI's role in boosting productivity. He envisions humanoid robots reshaping labor in the storage sector, making for an exciting glimpse into the future of the productive economy.

Fred Krueger, a Bitcoin investor and author, dives into a world where Bitcoin hits $10 million. He discusses the potential coexistence of Bitcoin and fiat, the declining value of traditional assets like real estate, and how deflation can drive innovation. The conversation explores the implications for portfolio allocation, advocating for significant Bitcoin holdings and questioning whether the traditional 60/40 investment strategy is still viable. He also highlights how AI and automation could reshape society during this transition.