⭐️ Follow Jesse Myers

X: https://x.com/Croesus_BTC

Once-in-a-Species: https://www.onceinaspecies.com/p/once-in-a-species-73b

Today’s conversation is with Jesse Myers, a leading Bitcoin thinker and the Head of Bitcoin Strategy at the Smarter Web Company in the UK. Jesse is focused on helping investors and institutions understand how Bitcoin will reshape global capital markets and unlock new financial frameworks for the decades ahead.

In this episode, Jesse shares his long-term growth expectations for Bitcoin over the next 10 and 21 years, and breaks down how Bitcoin will absorb value from other major asset classes to reach those levels.

We dive deep into his cutting-edge valuation framework for Bitcoin treasury companies — Price over Bitcoin Year Delivered (PBYD) — and discuss how it can be used to assess NAV premiums, risk, and valuations in the Bitcoin treasury space.

Jesse also explores how Bitcoin could capture value from the fixed income market, why he expects consolidation among Bitcoin treasuries, and his thesis that a leading Bitcoin treasury company will emerge in every capital market worldwide.

We close with a rapid-fire round on his work at SWC, what success will look like in a decade, and what he hopes his future self will say to him 20 years from now.

Stick around until the end — Jesse delivers sharp insights into how Bitcoin will redefine finance, yield, and value itself.

Timestamps:

00:00 – Intro

01:09 – Jesse’s Growth Expectations for Bitcoin Over the Next 10 and 21 Years

10:23 – How Bitcoin Will Achieve Jesse’s Expected Growth Rate and Which Asset Classes It Will Take Value From

21:17 – How Jesse Thinks About NAV Premiums and Valuations for Bitcoin Treasury Companies (Introducing PBYD)

30:20 – Risk Considerations Around Bitcoin Treasury NAV Premiums

38:43 – Additional PBYD Considerations: Discounting or Adjusting BTC Yield

46:01 – Price-to-Earnings vs BTC Yield

49:57 – Dissecting Bitcoin’s Big Opportunity in the Fixed Income Market

58:37 – Consolidation in the Bitcoin Treasury Space Over the Coming Months and Years

1:09:09 – Jesse’s Thesis: A Leading Bitcoin Treasury Company in Every Capital Market

1:13:34 – Utility of Bitcoin treasury companies beyond bringing Trapped Capital into Bitcoin and providing Bitcoin-backed yield

1:16:21 – Limitations to Jesse’s Thesis Around Trapped Pools of Capital and Bitcoin Yield

1:18:05 – Thoughts on treasury companies improving the timing of their Bitcoin Purchases

1:21:53 – Rapid Fire: Jesse’s Favorite Aspect of Working at SWC

1:24:10 – Rapid Fire: What Success Looks Like for SWC 10 Years From Now

1:25:11 – Rapid Fire: What Jesse Hopes His 50-Year-Old Self Would Say Today

Proof of Thought's FREE newsletter (join the waitlist): https://forms.gle/F7Q4GSBJcQmnyhJ16

Intro Song: Electronic Future Beats_Fadeout by QubeSounds

This content is for informational and educational purposes only and should not be construed as financial, investment, legal, tax, or any other form of advice. Nothing contained in this program constitutes a solicitation, recommendation, endorsement, or offer by Proof of Thought Podcast (“PoT”) or its guests to buy or sell any securities, cryptocurrencies, or other financial instruments.

Investing involves substantial risk, including the possible loss of principal. Do your own research and consult qualified financial professionals before making any investment decisions.

The views expressed by guests are their own and do not necessarily reflect those of PoT, its hosts, sponsors, or affiliates. PoT and its participants may hold positions in or receive compensation from companies, assets, or products mentioned.

PoT, its hosts, and its guests are not financial advisors and are not responsible for any losses, damages, or actions taken based on the information presented. Use of this content is at your own risk.