My guest today is Richard Byworth, Managing Partner at Syz Capital, bridging traditional finance with Bitcoin. With over 25 years in global investment banking and asset management, Richard now spearheads Syz’s $300m digital asset strategies and hosts the *Syz the Future* podcast. He’s also a Board Member at Relai, and an advisor to JAN3. In this conversation, he unpacks the moment the 2008 crisis revealed the flaws in fiat money, his early dismissal of Bitcoin, and how conviction finally took hold in 2018. We discuss the launch of Syz’s Bitcoin-denominated fund, the internal resistance it faced, and how it became the firm’s most successful product launch. Richard explains why “one Bitcoin equals one Bitcoin” and why he believes Bitcoin treasury companies act as the release valve for a mispriced financial system. We explore his views on ego in finance, intuition in decision-making, spiritual dimensions of Bitcoin, and his conviction that Bitcoin represents not just an investment—but hope, and a benevolent force for human progress.

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-- LINKS –

Richard’s Twitter: https://x.com/RichardByworth 

Richard’s LinkedIn: https://www.linkedin.com/in/richardbyworth/

Syz’s Website: https://www.syzcapital.com/en 

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-- CHAPTERS –

00:00 - Coming Up

01:32 - Episode 100 Milestone & Intro to Richard

05:05 - Realizing the Money System is Broken

09:56 - Ego in Traditional Finance

13:03 - Ad Break: Trezor & BitVault

14:24 - Ego & Learning in Finance

16:51 - Intuition vs. Rational Analysis in Career Decisions

20:58 - Launching a Bitcoin Denominated Fund

29:36 - Ad Break: Abundant Mines & Expat Money

31:50 - Bitcoin Treasury Companies & Financial System Mispricing

41:58 - How Richard Sees Bitcoin & Defunding Fiat

47:18 - Bitcoin Allocation & Adoption Growth

51:48 - What Matters In Life - Personal Growth, Empathy, Introspecting

56:28 - Who Is a Great Manager

59:18 - Bitcoin as a Spiritual Tool

1:02:08 - Rapid Fire Questions