The Bitcoin Credit Gold Rush | Jeff Walton

The Bitcoin Credit Gold Rush | Jeff Walton

From What Bitcoin Did by Danny Knowles

May 29, 2026 · 1h 42m

About this episode

Jeff Walton discusses the rise of Bitcoin-backed credit and its implications for the market.

“We are in the digital gold rush to acquire as much Bitcoin as humanly possible.” Jeff Walton joins the show to break down the rise of Bitcoin-backed credit, Strive’s SATA instrument, and why perpetual preferred equity could become one of the most important capital market innovations in Bitcoin. We discuss why SATA is now paying daily dividends, how Strive thinks about risk, reserves, leverage, and Bitcoin coverage, and why these new credit instruments may become a structural buyer of Bitcoin through both bull and bear markets. We also get into Strategy’s role as the market leader, the shift away from convertible debt, the future of Bitcoin treasury companies, proof of reserves, custody risk, institutional adoption, and whether Bitcoin credit could eventually reprice the entire credit market. THANKS TO OUR SPONSORS: ANCHORWATCH BLOCKWARE LEDN BITKEY SWAN CAPE FOLLOW: Danny Knowles: https://x.com/_DannyKnowles or https://primal.net/danny Jeff Walton: https://x.com/PunterJeff

People in this episode

Host: Danny Knowles

Guest: Jeff Walton

Topics covered

  • Bitcoin-backed credit
  • capital market innovations
  • institutional adoption
  • risk management
  • Bitcoin treasury companies

Keywords

  • Bitcoin
  • credit
  • SATA instrument
  • perpetual preferred equity
  • institutional adoption
  • proof of reserves
  • custody risk

Sponsors

ANCHORWATCH, BLOCKWARE, LEDN, BITKEY, SWAN, CAPE

Mentioned in this episode

Organizations: Strive, Strategy

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