

Why Bitcoin Is Mispriced with Richard Byworth | Relai Bitcoin Podcast #132
Richard Byworth is the managing partner at BYZ Partners, a board member at Relai (full disclosure), has worked in the financial services industry for over two decades, and is one of the most active Bitcoin educators or media representatives out there. In this conversation with Relai CEO Julian Liniger, Richard talks about his past in the financial world, how he got so hooked on Bitcoin, how he sees the recent price development, the impact sovereign debt will have, and what to expect in 2027. You can follow Richard on X: https://x.com/RichardByworth — ⏱ Timestamps: 00:00 - Intro 01:45 - Richard’s background in TradFi 04:55 - Bitcoin’s sudden price rebound 09:41 - Seller exhaustion and what’s next 16:47 - The U.S. bond market situation 21:23 - Bitcoin-backed products in the wild 28:51 - Is this price rally healthy and sustainable? 33:11 - Strategy’s cash reserves and Bitcoin strategy 37:33 - Why Bitcoin investors need a cash reserve 42:23 - Bitcoin as money and working capital 46:20 - Richard’s Bitcoin position in the portfolio 48:32 - Outro — Prefer to enjoy this show in audio format? 🎧Listen on Apple Podcast: https://podcasts.apple.com/at/podcast/relai-bitcoin-podcast/id1543267066 🎧Listen on Spotify: https://open.spotify.com/show/06BdZid57RlCgBNsgr703A?si=5ec60cc680534b44 -- The opinions expressed on the show are the opinions of the individual guests and may not reflect the opinions of Relai. The information on the podcast may be changed without notice, and is not guaranteed to be correct, complete or up-to-date. -- 🎓 Get Smarter About Bitcoin: 🧠 Free Bitcoin Mini‑Course: https://relai.app/21-bitcoin-basics/ 📥 Free Weekly Bitcoin Newsletter: https://relai.app/newsletter 👀 Need help? Send us a message: https://support.relai.app/en/ Connect with us: Instagram: https://instagram.com/relai.app Twitter/X: https://twitter.com/relai_app LinkedIn: https://linkedin.com/company/relai Disclaimer: Relai EU SASU holds an authorisation as a crypto-asset service provider under the MiCA Regulation, granted by the French financial markets authority AMF, and serves clients in the European Union on that basis. Clients resident in Switzerland and Liechtenstein are served by Relai AG, which is affiliated as a financial intermediary with the VQF, a self-regulatory organisation recognised by FINMA under the Anti-Money Laundering Act. Bitcoin #Finance #Investing #RelaiApp #SwissBitcoin #StackSats #21BitcoinBasics #BitcoinEducation
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