Who's Selling Bitcoin? Preston Pysh on Bearish Sentiment, Bitcoin Treasury Warning Signs and Ponzis

In this episode of Coin Stories, Nat interviews Preston Pysh about the current bearish sentiment surrounding Bitcoin, particularly concerning corporate Bitcoin treasuries. They discuss the impact of institutional involvement, the creation of Bitcoin derivatives, and the challenges to the original ethos of Bitcoin. Preston explains why MSTR (MicroStrategy) has gone sideways, the role of fast money Wall Street traders in dampening Bitcoin's volatility, and the importance of understanding the risks associated with corporate Bitcoin treasury companies. The conversation covers the nuances of preferred stock, its use in a currency meltdown scenario, and the potential legal issues companies may face when issuing preferred stock. They also touch on the significance of self-custody, the influence of fiat liquidity on Bitcoin's price, and the broader economic landscape, including inflation and the housing market.