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The Income Show

Joe Burnett

The Income Show rethinks income investing from first principles, exploring the foundations of credit, the breakdown of traditional income strategies, and the emergence of Digital Credit as a new asset class.

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  • 17 episodes
  • weekly
  • Avg 55 min
  • English

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Episodes 17

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  • August 31 · 1 hr

    Lyn Alden: The Dollar Endgame Is Here | The Income Show | Ep. 17

    The Income Show is back with host Joe Burnett, joined by Lyn Alden, to discuss U.S. Treasury buybacks, long-term yields, and the path toward financial repression. They distinguish the Treasury’s recent actions from full yield curve control, examine fiscal dominance and the relationship between the Treasury and Federal Reserve, and consider what these policies mean for hard assets. They also explore Bitcoin’s role as money and a protocol of value, its recent performance relative to gold, and the structure, valuation, and leverage risks of digital credit. Lyn compares Bitcoin mining with AI compute and explains why greater technological abundance would not eliminate scarcity or the need for money. Follow Lyn Alden on X: https://x.com/LynAldenContact Follow Joe on X: https://x.com/IIICapital Follow True North on X: https://x.com/TNorth Keep up to date on all True North Here: https://tnorth.com/ Timestamps: 0:00 - Intro 1:15 - Treasury Buybacks and Yield Curve Control 5:55 - Why Long-Term Yields Matter 9:44 - Druckenmiller and Financial Repression 13:10 - Hard Money and Fiscal Dominance 20:36 - Bitcoin’s Role as Money 25:20 - Treasuries, Hard Assets and Currency Failure 29:16 - Bitcoin as a Protocol of Value 32:31 - Bitcoin vs. Gold 36:32 - The Digital Credit Thesis 41:16 - Valuing Digital Credit 47:23 - Stablecoins, Tokenization and Reflexivity 54:41 - Bitcoin, AI Compute and Abundance 59:41 - Closing Thoughts Disclaimer: The content in this video is for informational and educational purposes only and should not be considered financial advice. We are not financial advisors, and you should consult with a qualified professional before making any financial decisions. All investments involve risks, and you are responsible for your own decisions. True North does not intend for anything herein to be considered an offer or sale of any securities, including those of Strive. True North encourages listeners to consult with their tax and investment advisors. Additional information on any securities or issuers referenced herein can be found in such issuers’ filings with the Securities and Exchange Commission (“SEC”), including any registration statements, prospectuses and prospectus supplements for each issuers’ securities. Listeners should read such documents and other documents incorporated by reference therein or that such issuer has filed with the SEC for more complete information. You may get these documents for free by visiting EDGAR on the SEC website at [www.sec.gov](http://www.sec.gov).* Any securities referred to herein, including those of True North’s parent Strive, are not collateralized by underlying bitcoin holdings and may be subordinated to senior claims. There are no guarantee of returns liquidity or future performance. The securities referred to herein are neither bank deposits, nor FDIC insured, nor regulated in the same way, and do not have the same regulatory and other protections as bank accounts, money market funds, treasuries, or similar investments and as a result may not be comparable investments. Current trading prices and effective yields may vary, current rates are not indicative of future rates, and in some cases rates are subject to frequent adjustments and may be significantly lower than discussed herein. Cash dividends are not guaranteed. In some cases, dividends have not been paid and may not be paid in the future. Ownership of securities referred to in herein does not confer ownership in the underlying assets, including bitcoin.

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  • August 27 · 58 min

    The Financial Advisor Who Sold Two Homes to Buy Bitcoin | The Income Show | Ep. 16

    The Income Show is back with host Joe Burnett, joined by Jessy Gilger, a certified financial planner and founder of Verify Wealth, to discuss Bitcoin, personal finance, and the risks of chasing yield. They examine how investors can navigate Bitcoin drawdowns, whether the four-year cycle still matters, and why financial plans should reflect real-world goals and cash-flow needs. They also explore Bitcoin-native financial planning, self-custody versus ETFs, the role of education in broader adoption, and the differences between growth and income investing. Finally, Joe and Jessy discuss Bitcoin-backed preferred stock, MSTR as amplified Bitcoin exposure, and why investors should carefully weigh leverage, volatility, and downside risk. Timestamps: 0:00 - Intro 1:38 - Bitcoin’s Drawdown and Investor Behavior 4:01 - The Four-Year Cycle and Halvings 6:10 - Planning Through Bitcoin Volatility 13:09 - Financial Advisors and Bitcoin ETFs 16:00 - Self-Custody vs. ETFs 18:49 - Cash Flow Before Bitcoin 22:41 - Education and the Next Wave of Adoption 27:31 - Growth vs. Income Investing 32:22 - When Income Investing Fits 47:55 - MSTR and Amplified Bitcoin 57:07 - Closing Thoughts Disclaimer: The content in this video is for informational and educational purposes only and should not be considered financial advice. We are not financial advisors, and you should consult with a qualified professional before making any financial decisions. All investments involve risks, and you are responsible for your own decisions. True North does not intend for anything herein to be considered an offer or sale of any securities, including those of Strive. True North encourages listeners to consult with their tax and investment advisors. Additional information on any securities or issuers referenced herein can be found in such issuers’ filings with the Securities and Exchange Commission (“SEC”), including any registration statements, prospectuses and prospectus supplements for each issuers’ securities. Listeners should read such documents and other documents incorporated by reference therein or that such issuer has filed with the SEC for more complete information. You may get these documents for free by visiting EDGAR on the SEC website at [www.sec.gov](http://www.sec.gov).\* Any securities referred to herein, including those of True North’s parent Strive, are not collateralized by underlying bitcoin holdings and may be subordinated to senior claims. There are no guarantee of returns liquidity or future performance. The securities referred to herein are neither bank deposits, nor FDIC insured, nor regulated in the same way, and do not have the same regulatory and other protections as bank accounts, money market funds, treasuries, or similar investments and as a result may not be comparable investments. Current trading prices and effective yields may vary, current rates are not indicative of future rates, and in some cases rates are subject to frequent adjustments and may be significantly lower than discussed herein. Cash dividends are not guaranteed. In some cases, dividends have not been paid and may not be paid in the future. Ownership of securities referred to in herein does not confer ownership in the underlying assets, including bitcoin.

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  • August 20 · 1 hr

    Doctor Quit Medicine to Manage a Bitcoin Hedge Fund | The Income Show | Ep. 15

    The Income Show is back with host Joe Burnett, joined by Dr. Jeff Ross, founder and CEO of Vailshire Capital Management, to discuss Bitcoin, global liquidity, and the changing macroeconomic landscape. They examine Jeff’s transition from radiologist to macro fund manager, why gold has recently outperformed Bitcoin, and how hard assets could perform over the next decade. They also explore Bitcoin’s four-year cycle, the possibility of a market bottom, Strategy’s growing focus on digital credit, and the risks facing leveraged Bitcoin treasury companies. Finally, Jeff explains why investors should approach leverage cautiously and shares his long-term advice: stay humble and stack sats. Follow Dr. Jeff Ross on X: https://x.com/FormerDrJeff Follow Joe on X: https://x.com/IIICapital Follow True North on X: https://x.com/TNorth Keep up to date on all True North Here: https://tnorth.com/ Timestamps: 0:00 Intro 1:52 From Radiologist to Macro Fund Manager 5:23 How Medicine Shaped His Investing 8:06 From Gold Bug to Bitcoin Believer 16:05 Is Bitcoin the Ultimate Hard Asset? 21:30 Yield Curve Control, Bonds and Housing 25:04 10-Year Outlook for Bitcoin, Gold and Stocks 29:58 Is Bitcoin’s Four-Year Cycle Still Alive? 39:42 Digital Credit and Strategy’s Changing Focus 45:14 Bitcoin, Proof of Stake and Washington 50:23 The Leverage Risk for Bitcoin Treasury Companies 53:54 Can Bitcoin Yield Products Go Mainstream? 58:30 Closing Thoughts

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  • August 13 · 47 min

    The Future of Income Investing | The Income Show | Ep. 14

    The Income Show is back with host Joe Burnett, joined by Loren Asmus, Head of Investor Relations at UTXO, to unpack how institutional capital is finally starting to bridge into Bitcoin, and why fixed income is at the center of it. Loren brings a traditional finance lens sharpened by years on the institutional side, and walks through the journey that took him from allocating inside legacy portfolios to helping build the infrastructure that lets institutions actually access Bitcoin exposure at scale. Joe and Loren break down why the 60/40 portfolio is fundamentally broken in a fiscally dominant world, how institutional allocators really think about fixed income, and the structural reasons most institutions still can't just buy Bitcoin outright, no matter how much conviction the CIO has. From there, the conversation moves into the future of income investing and the emergence of digital credit as its own asset class, covering the difference between senior and junior digital credit, how large the market could realistically become, and how it should actually be valued. They also get into the STRC drawdown and what it revealed about digital credit volatility, why the "just hold Bitcoin and cash" argument misses the point for large pools of capital, the role of the government backstop through the next recession, and why Bitcoin's infinite duration makes it the ultimate long-duration asset on a corporate balance sheet. It's a conversation about where trillions of dollars of fixed income allocation may ultimately end up, and the plumbing being built right now to move it there. Follow Loren Asmus on LinkedIn: https://linkedin.com/lorenasmus Follow Joe on X: https://x.com/IIICapital Follow True North on X: https://x.com/TNorth Keep up to date on all True North Here: https://tnorth.com/

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  • August 6 · 1 hr 2 min

    Why Bitcoin Needs to Hit $370K by 2032 | The Income Show | Ep. 13

    The Income Show is back with host Joe Burnett, joined by Sam Callahan to discuss how to think about markets and portfolio construction in today's environment. They break down Sam's unpopular Bitcoin opinions, the line between conviction and stubbornness, and why time horizon and volatility shake most investors out too early. They also examine fiscal dominance, Bitcoin's role as a global liquidity trade, treasury companies and digital credit, and Fidelity's math showing Bitcoin needs to hit $370K by 2032, evaluating the shape of Bitcoin's returns into 2030 and why adoption still isn't at 100%. Follow Sam Callahan on X: Sam Callahan (@samcallah) on X Follow Joe on X: https://x.com/IIICapital Follow True North on X: https://x.com/TNorth Keep up to date on all True North Here: https://tnorth.com/

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  • July 30 · 1 hr 1 min

    A Quant Breaks Down Why STRC Broke $100 | The Income Show | Ep. 12

    The Income Show is back with host Joe Burnett, joined by Allard Peng to discuss how Bitcoin is reshaping traditional investing and giving rise to a new asset class in digital credit. They break down retail versus institutional flows, growth versus income investing, and why volatility shouldn't be conflated with risk. They also examine Strategy's role as a Bitcoin development company, the Impossible Trinity shaping STRC's design, and a five year outlook for Bitcoin and digital credit, evaluating both the bull and bear cases and the role banks may ultimately play. Follow Allard Peng on X: https://x.com/stoneychambers Follow Joe on X: https://x.com/IIICapital Follow True North on X: https://x.com/TNorth Keep up to date on all True North Here: https://tnorth.com/

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  • July 23 · 49 min

    Is The Bitcoin Bottom In | The Income Show | Ep. 11

    The Income Show is back with host Joe Burnett, joined by Archie from the Bitcoin Archive to discuss the tension between traditional HODLing culture and the rising financialization of Bitcoin. They break down portfolio strategies for onboarding new users, the macroeconomic role of corporate treasuries, and the metrics signaling the bottom of the current bear market. They also analyze a five-year outlook for global capital, evaluating both the bull and bear cases for Bitcoin and digital credit instruments. Follow Archie (Bitcoin Archive) on X: https://x.com/BitcoinArchiveFollow Joe on X: https://x.com/IIICapitalFollow True North on X: https://x.com/TNorth Keep up to date on all True North Here: https://tnorth.com/ Timestamps: 00:00 - Intro 01:54 - How People Think About Investing 03:00 - The Core Thesis For Bitcoin 05:18 - Traditional And Modern Investment Approaches 07:29 - Reconciling Hodling And Financialization 13:36 - Overcoming Bitcoin FUD and Misconceptions 14:46 - Evolution Of Bitcoin Adoption 15:35 - Strategies For Introducing Bitcoin To New Users 17:05 - The Orange Pilling Conversation Nuance 18:01 - Role Of ETFs And Treasury Companies 22:03 - The Role Of Financial Institutions In Hyper Bitcoinization 26:04 - Digital Credit Fit In Income Generation 27:56 - Bottom Of The Bitcoin Bare Market Dynamics 32:27 - Strategy For Working Professionals With Savings 37:19 - Technical Indicators Signaling Market Bottoms 39:33 - Market Projections For Late Q3 And Q4 40:00 - Five Year Bull and Bear Case For Bitcoin 44:40 - Stress Testing Financial Products For Emerging Bull Markets 45:50 - Closing Thoughts Disclaimer: The content in this video is for informational and educational purposes only and should not be considered financial advice. We are not financial advisors, and you should consult with a qualified professional before making any financial decisions. All investments involve risks, and you are responsible for your own decisions. True North does not intend for anything herein to be considered an offer or sale of any securities, including those of Strive. True North encourages listeners to consult with their tax and investment advisors. Additional information on any securities or issuers referenced herein can be found in such issuers’ filings with the Securities and Exchange Commission (“SEC”), including any registration statements, prospectuses and prospectus supplements for each issuers’ securities. Listeners should read such documents and other documents incorporated by reference therein or that such issuer has filed with the SEC for more complete information. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov.* Any securities referred to herein, including those of True North’s parent Strive, are not collateralized by underlying bitcoin holdings and may be subordinated to senior claims. There are no guarantee of returns liquidity or future performance. The securities referred to herein are neither bank deposits, nor FDIC insured, nor regulated in the same way, and do not have the same regulatory and other protections as bank accounts, money market funds, treasuries, or similar investments and as a result may not be comparable investments. Current trading prices and effective yields may vary, current rates are not indicative of future rates, and in some cases rates are subject to frequent adjustments and may be significantly lower than discussed herein. Cash dividends are not guaranteed. In some cases, dividends have not been paid and may not be paid in the future. Ownership of securities referred to in herein does not confer ownership in the underlying assets, including bitcoin.

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  • July 15 · 57 min

    Why the Bitcoin Bears Are Wrong | The Income Show | Ep. 10

    The Income Show is back with host Joe Burnett, joined by Parker White of Apyx to break down his approach to portfolio construction, the role of income in managing Bitcoin volatility, and why price often drives market narratives more than fundamentals. They also discuss whether Bitcoin’s four-year cycle is still intact, Strategy’s Bitcoin sales, Michael Saylor’s influence on adoption, the path for digital credit to return to par, and how Bitcoin-backed credit and tokenized assets could reshape global finance. Follow Jon on X: https://x.com/TheOtherParker_Follow Joe on X: https://x.com/IIICapitalFollow True North on X: https://x.com/TNorthKeep up to date on all True North Here: https://tnorth.com/ Timestamps: 00:00 - Intro 01:00 - Parker's Investment Philosophy 05:49 - The Psychology and Optics of Income Assets 11:34 - Market Outlook & The Psychology of Price Action 15:57 - The Bitcoin 4-Year Cycle & Human Emotion 29:27 - Strategy’s Bitcoin Selling & Resiliency 35:21 - Michael Saylor's Impact on Bitcoin Education 41:24 - What Will It Take for Digital Credit to Return to Par? 45:14 - The Future of Digital Credit & Fixed Income Capital 48:20 - Volatility, Returns, and Digital Money 52:32 - Real-World Assets On-Chain & Exporting American Finance 57:03 - Closing Thoughts Disclaimer: The content in this video is for informational and educational purposes only and should not be considered financial advice. We are not financial advisors, and you should consult with a qualified professional before making any financial decisions. All investments involve risks, and you are responsible for your own decisions. True North does not intend for anything herein to be considered an offer or sale of any securities, including those of Strive. True North encourages listeners to consult with their tax and investment advisors. Additional information on any securities or issuers referenced herein can be found in such issuers’ filings with the Securities and Exchange Commission (“SEC”), including any registration statements, prospectuses and prospectus supplements for each issuers’ securities. Listeners should read such documents and other documents incorporated by reference therein or that such issuer has filed with the SEC for more complete information. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov.* Any securities referred to herein, including those of True North’s parent Strive, are not collateralized by underlying bitcoin holdings and may be subordinated to senior claims. There are no guarantee of returns liquidity or future performance. The securities referred to herein are neither bank deposits, nor FDIC insured, nor regulated in the same way, and do not have the same regulatory and other protections as bank accounts, money market funds, treasuries, or similar investments and as a result may not be comparable investments. Current trading prices and effective yields may vary, current rates are not indicative of future rates, and in some cases rates are subject to frequent adjustments and may be significantly lower than discussed herein. Cash dividends are not guaranteed. In some cases, dividends have not been paid and may not be paid in the future. Ownership of securities referred to in herein does not confer ownership in the underlying assets, including bitcoin.

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  • July 9 · 55 min

    Fix the Money | The Income Show | Ep. 9

    The Income Show is back for Episode 8, with host @IIICapital joined by Jon Willbanks to talk about building a portfolio around Bitcoin, Tesla, and digital credit, the common misconceptions holding people back from Bitcoin, and why he sees the coming singularity and wealth rotation between asset classes reshaping how capital moves, with Bitcoin at the center of it.

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  • July 2 · 1 hr 2 min

    Is the Bitcoin 4 Year Cycle Still Intact? | The Income Show | Ep. 8

    The Income Show is back for Episode 9, with host Joe Burnett joined by Jesse Myers to talk about the recent shakeout in digital credit, where Bitcoin sentiment and the four-year cycle stand today, and why he sees Bitcoin accelerating toward becoming the world's dominant form of long-term capital. 00:00 - Intro 01:37 - Analyzing Recent Volatility In Digital Credit 03:21 - Examining Liquidation Events And Leverage Wipeouts 07:46 - Effective Yields And Market Bargains 09:24 - The Future Cycle Of Par Value And Market Dynamics 12:18 - Comparing Digital Credit Design To Typical Bonds 16:00 - Digital Credit And Its Relationship With Bitcoin Investment 18:33 - Potential Market Penetration In Fixed Income Portfolios 22:40 - Accelerating The Monetization Of Bitcoin 28:32 - Bitcoin As A Better Form Of Global Capital 30:58 - Analyzing The Four-year Bitcoin Cycle 35:46 - The Impact Of The Ai Boom On Bitcoin Liquidity 37:56 - Transitioning To A Bitcoin-based Civilization 41:40 - Reshaping Culture Toward Long-term Thinking 44:20 - Defining Digital Capital Versus Day-to-day Money 47:43 - The Utility And Permissionless Nature Of Bitcoin 51:52 - Layer 2 Solutions And The Medium Of Exchange 55:27 - Historical Parallels With Industrial Innovators 57:56 - The Role Of Michael Sailor And Structural Advantages 59:18 - Executing The Amplified Bitcoin Strategy In The Uk 01:02:08 - Closing Thoughts

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  • #7
    June 25 · 51 min

    Is Digital Credit Broken? | The Income Show | Ep. 7

    The Income Show is back for Episode 7, with host @IIICapital joined by Tyler Evans, CIO of Nakamoto, to discuss $STRC, $SATA, Strive, Strategy, Bitcoin sentiment, and more. Follow Tyler on X: https://x.com/tylev Follow Joe on X: https://x.com/IIICapital Follow True North on X: https://x.com/TNorth Keep up to date on all True North Here: https://tnorth.com/ Time Stamps: 00:00 Intro 01:17 Historical Bitcoin Market Cycles And Institutional Adoption 02:51 Current Bitcoin Market Sentiment And On-Chain Indicators 03:45 Evolution Of Bitcoin's Volatility 05:30 Volatility Harvesting Strategies And ETFs 06:31 Conceptualizing Digital Credit As A Long Carry Trade 08:54 Target Markets For Digital Credit Products 11:51 Retail Interest And Income Generation For Bitcoiners 13:39 Recent Volatility In STRC Pricing 14:53 Market Forces Affecting Digital Credit Performance 18:17 Importance Of Cash Reserves For Issuers 19:57 Capital Markets Positioning And Raising Capital 21:32 One-Year Performance Review Of Digital Credit 24:26 Building Financial Applications On Digital Credit 28:07 Addressing Criticisms Within The Bitcoin Community 34:52 Digital Credit Vs. Private Credit Market 37:32 Transparency And Liquidity Differences 41:32 Bitcoin Growth Required For Dividend Coverage 42:25 Future Outlook For Digital Credit Issuers 45:13 Macroeconomic Conditions And Bitcoin's Core Thesis 48:37 Closing Thoughts Disclaimer: The content in this video is for informational and educational purposes only and should not be considered financial advice. We are not financial advisors, and you should consult with a qualified professional before making any financial decisions. All investments involve risks, and you are responsible for your own decisions. True North does not intend for anything herein to be considered an offer or sale of any securities, including those of Strive. True North encourages listeners to consult with their tax and investment advisors. Additional information on any securities or issuers referenced herein can be found in such issuers’ filings with the Securities and Exchange Commission (“SEC”), including any registration statements, prospectuses and prospectus supplements for each issuers’ securities. Listeners should read such documents and other documents incorporated by reference therein or that such issuer has filed with the SEC for more complete information. You may get these documents for free by visiting EDGAR on the SEC website at [www.sec.gov](http://www.sec.gov).* Any securities referred to herein, including those of True North’s parent Strive, are not collateralized by underlying bitcoin holdings and may be subordinated to senior claims. There are no guarantee of returns liquidity or future performance. The securities referred to herein are neither bank deposits, nor FDIC insured, nor regulated in the same way, and do not have the same regulatory and other protections as bank accounts, money market funds, treasuries, or similar investments and as a result may not be comparable investments. Current trading prices and effective yields may vary, current rates are not indicative of future rates, and in some cases rates are subject to frequent adjustments and may be significantly lower than discussed herein. Cash dividends are not guaranteed. In some cases, dividends have not been paid and may not be paid in the future. Ownership of securities referred to in herein does not confer ownership in the underlying assets, including bitcoin.

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  • June 15 · 53 min

    BITCOIN IS DOWN 50%. WHAT IS HAPPENING? | The Income Show | Ep. 5

    The Income Show is back for Episode 5, with host @IIICapital joined by Brian Brookshire to talk all things digital finance. From digital credit and stablecoins to Bitcoin and standout tickers like $MSTR, $STRC, and $SATA, this conversation covers the ideas and assets reshaping how we think about money. Tune in for a clear, no-fluff breakdown of where digital credit and markets are heading.

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  • June 4 · 55 min

    Jakob Schillinger: Future of Money, Digital Credit, & Bitcoin | The Income Show | Ep. 4

    In Episode 4 of The Income Show, Joe sits down with Jakob Schillinger, CEO of Hermetica, a self-custodial Bitcoin yield product built for earning BTC-denominated returns while keeping your position on-chain and transparent. Together they explore the future of money, the evolution of fixed income, and why digital credit represents one of the largest untapped markets in finance. The conversation digs into what separates a durable yield product from the failures of past cycles, covering transparency, institutional-grade risk controls, the importance of low volatility, and the lessons being absorbed from recent DeFi exploits. Jakob and Joe also unpack Hermetica's infrastructure, its path to multi billion dollar scale, and how simplification, not complexity, is the foundation of higher security. They close on the bigger picture: Bitcoin's role as a world reserve asset, the intersection of AI and Bitcoin, and how a shifting interest rate regime will redefine the priorities of every digital credit issuer in the next cycle. Full video podcast on YouTube and https://tnorth.com

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  • #3
    May 28 · 58 min

    Stephen Cole: Building a High Yield Account On Bitcoin | The Income Show | Ep. 3

    In this Episode 3 of The Income Show, we sit down with the founder of Castle to explore how Bitcoin and digital credit are reshaping the way businesses save, borrow, and benchmark long-term success. We dig into why traditional banking is falling short, how Castle's platform lets any company automatically start accumulating Bitcoin on its balance sheet, and why digital credit may be one of the most overlooked opportunities of the cycle. From the parallels between today's Bitcoin adoption and the early internet, to the risks of waiting on the sidelines, to what happens when rates shift and household-name corporates finally step in, we cover the full arc of where this is heading over the next five years.

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  • May 19 · 42 min

    Matthew Sigel: Digital Credit, Government Spending, & Institutional Yield | The Income Show | Ep. 2

    In Episode 2 of The Income Show, we sit down with Matthew Sigel, CFA and Head of Digital Assets Research at VanEck, to discuss the rise of digital credit, institutional yield opportunities, Bitcoin’s role in the global financial system, how macroeconomic forces are reshaping modern investing, and much more. Matthew shares his investment philosophy, breaks down the evolution of Strategy’s digital credit products, and explains why traditional 60/40 portfolios may no longer be sufficient in an era of persistent government spending, monetary expansion, and structural inflation. The conversation also explores Bitcoin mining infrastructure, AI-driven energy demand, institutional adoption, and the long-term implications of digital assets on markets and society. Whether you’re interested in Bitcoin, fixed income, macro strategy, or the future of institutional finance, this episode offers a deep dive into the changing landscape of modern capital markets. Matthew Sigel is a CFA charterholder and serves as Head of Digital Assets Research at VanEck, where he focuses on crypto markets, Bitcoin adoption, mining infrastructure, and digital asset investment strategy. Follow Matthew on X: https://x.com/matthew_sigel Follow Joe on X: https://x.com/IIICapital Follow True North on X: https://x.com/TNorth Keep up to date on all True North Here: https://tnorth.com/ Time Stamps: 00:00 - Intro 01:14 - General investment philosophy and core principles 03:37 - Common mistakes and market timing pitfalls 06:07 - Analysis of Strategy and digital credit offerings 08:36 - Digital credit versus traditional fixed income 10:25 - Shifting away from traditional 60/40 portfolios 12:45 - Personal conviction and modern monetary theory 14:15 - Economic inequality and Bitcoin's societal impact 16:33 - Resilience of digital credit during market drawdowns 18:01 - Building institutional trust and track records 19:34 - Risks and limitations of digital credit 23:21 - Growth versus value investing in digital assets 28:04 - Intersection of AI and Bitcoin mining infrastructure 31:48 - Future market projections for 2030 and 2050 34:16 - Macroeconomic factors and interest rate impact 36:14 - Relationship between Bitcoin and gold 37:12 - Nation-state involvement in Bitcoin mining 39:42 - Closing thoughts Disclaimer: The content in this video is for informational and educational purposes only and should not be considered financial advice. We are not financial advisors, and you should consult with a qualified professional before making any financial decisions. All investments involve risks, and you are responsible for your own decisions. True North does not intend for anything herein to be considered an offer or sale of any securities, including those of Strive. True North encourages listeners to consult with their tax and investment advisors. Additional information on any securities or issuers referenced herein can be found in such issuers’ filings with the Securities and Exchange Commission (“SEC”), including any registration statements, prospectuses and prospectus supplements for each issuers’ securities. Listeners should read such documents and other documents incorporated by reference therein or that such issuer has filed with the SEC for more complete information. You may get these documents for free by visiting EDGAR on the SEC website at [www.sec.gov](http://www.sec.gov).* Any securities referred to herein, including those of True North’s parent Strive, are not collateralized by underlying bitcoin holdings and may be subordinated to senior claims. There are no guarantee of returns liquidity or future performance. The securities referred to herein are neither bank deposits, nor FDIC insured, nor regulated in the same way, and do not have the same regulatory and other protections as bank accounts, money market funds, treasuries, or similar investments and as a result may not be comparable investments. Current trading prices and effective yields may vary, current rates are not indicative of future rates, and in some cases rates are subject to frequent adjustments and may be significantly lower than discussed herein. Cash dividends are not guaranteed. In some cases, dividends have not been paid and may not be paid in the future. Ownership of securities referred to in herein does not confer ownership in the underlying assets, including bitcoin.

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  • May 7 · 1 hr

    Mike Alfred: AI, Bitcoin, Digital Credit, & The Future of Investing | The Income Show | Ep. 1

    In the debut episode of The Income Show, we sit down with Mike Alfred; private investor, board director, and one of the sharpest minds at the intersection of Bitcoin, AI, and digital finance. Mike is the Founder and Managing Partner of Alpine Fox LP, a private investment partnership focused on value equities and Bitcoin. He serves on the boards of IREN (NASDAQ: IREN), a publicly traded data center and Bitcoin mining company, and Bakkt (NYSE: BKKT), a regulated crypto fintech platform. Follow Mike on X: https://x.com/mikealfred Follow Joe on X: https://x.com/IIICapital Follow True North on X: https://x.com/TNorth

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Showing 1–17 of 17 episodes