My new op-ed on Bitcoin Magazine, about Bitcoin Treasury Companies (BTCTC) and how my mind changed after interviewing @PrestonPysh: “For a while, I was skeptical of bitcoin treasuries. All these bitcoin companies felt like another fiat-financial stunt, another way to play games with debt and derivatives while co-opting Bitcoin’s name. I didn’t want bitcoin financialized. I wanted it to flourish — cleanly, directly and outside the grasp of Wall Street. But then I sat down for a conversation with Preston Pysh on my podcast “You’re the Voice.” That conversation changed everything for me. …“When you securitize Bitcoin through a public company, you’re creating a vehicle that can operate in the fiat world while accumulating sound money in the background,” Preston told me. So, that’s how bitcoin infiltrates the fiat world…? Not through a revolution, but through clever replication. Or as Friedrich Hayek once put it: through a sly, roundabout way. At first, I still hesitated: Isn’t that just more fiat games? Isn’t bitcoin supposed to be the exit? So I pressed Preston: What’s the product here? What are these bitcoin treasuries actually offering? Do they even have a product or a service — or is bitcoin itself on the balance sheet enough?..” 🔎 Read the full article, link below!👇🏼