The Bitcoin Treasury Podcast

Hedge Fund Vet Says Bitcoin's Price Would Be Higher Without Saylor's Buying

July 23, 2026·1h 8m
Episode Description from the Publisher

Tim Enneking has been in crypto for thirteen years and previously ran the best-performing hedge fund in the world in 2021. He joins Alec Beckman of Psalion for a conversation on the death of the four-year cycle, why Bitcoin is being mislabeled as a risk-on asset, and why Strategy's concentration may now be a risk to the very market it helped build. They cover Enneking's Law, the long squeeze risk in leveraged Bitcoin buying, what Strategy's endgame actually has to look like, the Clarity Act as the next major catalyst, and how Psalion generates Bitcoin yield through automated market maker liquidity — with self-custody preserved on the lending side. Learn more: https://psalion.com   CHAPTERS: 00:00 Cold Open 01:13 The End of the Four-Year Cycle 04:59 Bitcoin as a Risk-On Asset 13:16 Institutional Influence on Bitcoin 18:59 Bitcoin and Fiat's Runway 31:47 Saylor's Dilemma & Concentration Risk 37:22 Strategy Buying The Top Forever? 45:02 MSTR Endgame & BTC Yield   📊 Track every Bitcoin treasury company at bitcointreasuries.net ⚠️ Sponsored content produced in partnership with Psalion. Not financial advice. Do your own research.

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