How Preston Pysh changed my mind at Bitcoin’s Treasury

For a while, I was skeptical of Bitcoin’s Treasury. All of these Bitcoin companies felt like another Fiat financial stunt. This is another way to play the game with debt and derivatives while adopting the Bitcoin name. I didn’t want to finance Bitcoin. I wanted it to flourish – clean, direct, and clean outside the Wall Street grasp.

But then I sat down to have a conversation with Preston Pisch on my podcast, “You Are Voice.” That conversation changed everything for me.

Preston’s background is just as unorthodox as his insights. Apache helicopter pilots have become engineers and venture investors. And when he explained how Bitcoin finance companies work not only structurally but systematically, he clicked on something.

He called them “adoption superspreaders.” And he didn’t mean that in a flashy, memetic way. He meant these public companies were engineering themselves to bring Bitcoin to the deepest corner of the capital market, including pensions, retirement portfolios and bond funds. Through public transparency and financial engineering, they are creating vehicles that allow Bitcoin to penetrate legacy systems by flowing through cracks rather than destroying doors.

“Securitization of Bitcoin through a public company creates vehicles that can operate in the Fiat world, while accumulating healthy money in the background,” Preston told me.

So, it’s how Bitcoin invades the Fiat world…? Not through revolution, but through clever reproduction. Or, as Friedrich Hayek once said: through the way of sly, roundabout.

At first, I was still hesitant: Isn’t it just a Fiat game? Isn’t Bitcoin the exit?

So I pushed Preston: what is the product here? What do these Bitcoin finances actually offer? Do they have products or services?

His answer surprised me. He said the product is yielding and the demand for it is huge. The market isn’t just starving for high-yield instruments. I’m desperate.

“Products are hopeless. Retirees need high incomes.”

It’s a harsh truth, but it reflects the sad reality of a Fiat-based economy. We didn’t create this broken system – we live in it. And for millions of people trying to maintain their wealth, a Bitcoin finance company could actually become a lifeline. Particularly, pensioners, retirees, and institutions where Fiat seeks to exclude sects. That’s the bridge. Provide familiar and reliable income streams.

That’s a necessary reality check, especially for people like Preston and myself, who have devoted years to Bitcoin education. If we are serious about driving adoption, we have to meet the person they have. Sometimes, the bridge to Bitcoin is built from old world tools.

But then he broke it with system terminology – Michael Saylor’s “multi-gear transmission” model as a case study. If your credits are loose, raise your debt to buy Bitcoin. If your credit is tight, use operating cash or issue shares. It’s always stuck. Always adapt. Keep accumulating at all times. It’s not just about keeping BTC. It’s about designing a capital structure that provides Bitcoin, not the other way around.

The light bulb has gone out. Perhaps this is not the financialisation of Bitcoin.

It’s probably going to be Bitcoin in finance.

I think this is the idea that changes my perspective: transparency. This “super spreader” effect can only occur in the open market due to regulatory visibility. You can’t hide what you’re doing. Auditors, investors, the public – everyone can see your book. This makes it difficult to play fraudulent games and makes it easier for Bitcoin’s non-corrupted properties to shine. As I told Preston in the chat, that might be how Bitcoin makes the Fiat market more honest.

Preston went further. He explained that one of the Bitcoin finance companies’ biggest untapped markets is retirees. People who want bonds. Bonds. yield. Additionally, through products such as Strategy’s STRC Security, companies now offer Bitcoin-backed yield equipment that can compete with traditional bonds. That’s how Bitcoin reaches even the most conservative portfolios.

“Saylor has built a machine that shifts gears according to the liquidity of the system, a genius financial engineering that other public companies can copy.

I was not a fan of the idea that real change could come from within a broken system. But I would also like to be open to the possibility that this time may be different. The Fiat system does not overthrow in a flash, but it gradually transforms as better options are quietly built until change is no longer denied.

Maybe we’re watching it unfold in slow motion now.

“To hand over the baton from legacy finance to future Bitcoin systems,” Pisch said. “The system must match the frequency.”

That’s where the stub coins come in. Preston doesn’t make them romantic. He sees their flaws. But he also sees their role: that transitions do not break the relay, as they sync with Bitcoin. They are intermediate steps. The bridge you need.

By 2030, he predicts that we will live in a world where both CBDC and Bitcoin are dual systems. But it’s not long. “By 2030,” he said, “The merchants will say, ‘We only want Bitcoin.’ ”

The world is changing. A big currency reset is already happening – under the heading, inside the balance sheet, behind the cap table. And that may be the most fundamental part…it’s not a revolution on the streets. It is a quiet, strategic rewiring of capital allocation.

I now understand how bitcoin finance companies aren’t the problem. Certainly – if they don’t play smart they might crash. If people go “everything” without hedging themselves, they may crash too. However, these companies play a role intended to act as superspreaders. And it may lead us to a solution. It’s not perfect. It’s not an ideology. But effectively.

There is no great currency reset before us. It’s here – built into how capital is allocated, structured and preserved. And if Preston is right, the playbook is written for those already ready to act.