In this episode of Magsplaining, Mags sits down with Preston Pysh. They dive deep into how Bitcoin is reshaping credit markets and why the traditional “risk-free” rate is broken. Preston also explains the implications of Bitcoin on venture investing, capital allocation, and running public company. They also discuss AI’s intersection with Bitcoin and energy, and the importance of funding freedom technologies. We end off with Preston sharing insights about how his military experiences shaped his conviction in Bitcoin and the types of conversations he would like to have more of.In this episode:00:00 Introduction to Bitcoin Investment Strategies04:23 Hurdle Rates vs Bitcoin Investments09:54 Risk-Free Rates Don't Exist12:56 The Unraveling of Fixed Income Markets15:05 Zombie Corps Need to Add Value20:40 The Future of Interest Rates and Central Planning31:52 The AI, Robots, and Money Nexus40:53 Bitcoin POW vs AI Compute47:46 Free Speech and Funding Freedom Tech53:12 AI's Impact on Creativity and Work56:26 Applying Biological Systems Lessons to Tech01:02:23 Combat and Personal Convictions01:06:41 Introduction to Bitcoin-Backed Loans~~~Guest: Preston Pysh is co-founder of The Investor’s Podcast Network, GP at Ego Death Capital, and former US Army Apache pilot. Find Preston on X/Twitter https://x.com/PrestonPysh. Listen to Preston's podcast  https://www.theinvestorspodcast.com/bitcoin-fundamentals/ ~~~Paid Partnerships: Magsplaining is powered by Ledn, the global leader in Bitcoin-backed loans, issuing over $9 billion in loans since 2018. With Ledn, you get custody loans, no credit checks, no monthly payments, and more. Learn more at ⁠ledn.io/mags⁠.~~~Product Promo Codes: Get 10% off of Bitcoin miners at ⁠Plebsource⁠ with MAGS.~~~Follow Mags: X/Twitter https://x.com/Crypto_Mags.This podcast is for educational and entertainment purposes and should not be construed as official investment advice.~~~#Bitcoin #PrestonPysh #Magsplaining #Finance #AI #Energy #Macro #VentureCapital #Podcast #BitcoinMining #Decentralization #ProofOfWork #Investing #Crypto #Technology