
Preston Pysh on Rethinking “Risk-Free” and Bitcoin vs Credit and Capital Markets
From Magsplaining by Mags Gronowska
September 19, 2025 · 1h 7m · Season 1 · Episode 2
About this episode
Mags Gronowska interviews Preston Pysh about the impact of Bitcoin on credit markets and the concept of risk-free rates.
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 Strategies 04:23 Hurdle Rates vs Bitcoin Investments 09:54 Risk-Free Rates Don't Exist 12:56 The Unraveling of Fixed Income Markets 15:05 Zombie Corps Need to Add Value 20:40 The Future of Interest Rates and Central Planning 31:52 The AI, Robots, and Money Nexus 40:53 Bitcoin POW vs AI Compute 47:46 Free Speech and Funding Freedom Tech 53:12 AI's Impact on Creativity and Work 56:26 Applying Biological Systems Lessons to Tech 01:02:23 Combat and Personal Convictions 01:06:41 Introduction to Bitcoin-Backed Loans ~~~ Guest: Preston Pysh is co-founder of…
People in this episode
Host: Mags Gronowska
Guest: Preston Pysh
Topics covered
- Bitcoin
- credit markets
- risk-free rate
- venture investing
- AI and Bitcoin
- funding freedom technologies
Keywords
- Bitcoin
- credit markets
- risk-free rate
- venture investing
- AI
- freedom technologies
- military experiences
Sponsors
Ledn
Mentioned in this episode
Organizations: The Investor’s Podcast Network, Ego Death Capital
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