Bitcoin Magazine How Preston Pysh Changed My Mind on Bitcoin Treasuries

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.

Preston’s background is as unorthodox as his insight: an Apache helicopter pilot turned engineer and venture investor. And when he explained how bitcoin treasury companies function — not just structurally, but systemically — something clicked.

He called them “super

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