In this episode, I’m joined by Joe Burnett, Director of Bitcoin Strategy at Semler Scientific, one of the largest Bitcoin treasury companies in the world. We dive deep into Semler’s latest acquisition that pushed them past 5,000 BTC on their balance sheet and discuss the rise of Bitcoin-native corporate finance.

We cover:

• What "intelligent leverage" really means and why it's the key to the Bitcoin treasury playbook

• How speculative attacks are accelerating bitcoinization, one balance sheet at a time

• Why these companies are building financial bridges from legacy asset classes to Bitcoin

• The misconceptions about volatility, MNAV premiums, and risk in Bitcoin treasury firms

• How Joe went from pseudonymous Twitter anon to leading strategy at a 5,000+ BTC company

If you want to understand where Bitcoin is going and who's paving the way, this episode is for you.

Follow Joe Burnett on X → https://x.com/IIICapital

Explore Semler Scientific's Bitcoin Dashboard → https://ir.semlerscientific.com/dashboard

Stack Bitcoin using your home equity → https://joinhorizon.com

See your home's Bitcoin potential → https://joinhorizon.com/calculator

Schedule a 1-on-1 consultation → https://calendly.com/d/cryw-39y-2j4/horizon-consultation

Follow Joe on X → https://x.com/JoeConsorti

Timestamps:

00:00 Introduction to Bitcoin Strategy and Acquisition

02:41 Intelligent Leverage in Bitcoin Treasury Companies

05:35 The Concept of Speculative Attack

08:21 The Evolution of Bitcoin and Personal Journeys

11:06 Advice for Aspiring Bitcoin Professionals

13:54 Understanding MNAV and Market Dynamics

32:12 Understanding Leverage in Bitcoin Investment

33:55 Bridging Traditional Assets to Bitcoin

37:19 The Role of Bitcoin Treasury Companies

38:33 Critiques of Bitcoin Treasury Companies

42:14 The Contrarian Nature of Bitcoin Investments

44:00 The Future of Bitcoin and Treasury Companies

45:48 Monetary Debasement and Bitcoin's Growth

48:28 Technological Innovation vs. Monetary Policy

52:42 The Evolution of Monetary Systems

53:54 Valuation of Bitcoin Treasury Companies

Disclaimer: Horizon is a technology company that helps users buy and custody their Bitcoin and does not directly provide financial or investment services. Horizon connects homeowners with licensed home equity investment providers but does not act as an agent or broker for the homeowner or any third party. Homeowners should consult their financial, tax, or legal advisor before making any investment decision. For additional information, please refer to our FAQ, terms and conditions, and our preferred providers' websites.

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