The Mustard Seed—a bitcoin and long-term thinking podcast

Joe Burnett
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Joe Burnett is Director of Bitcoin Strategy at Semler Scientific (NASDAQ: SMLR), the second publicly traded company to adopt a bitcoin treasury strategy, where he helped the company accumulate more than 5,000 BTC. He previously served as Director of Market Research at Unchained, which helps secure over 100,000 BTC. Joe hosts The Mustard Seed, a Bitcoin podcast featuring leading experts such as Michael Saylor, Lyn Alden, and Luke Gromen. Before Unchained, he worked at Blockware Solutions and Ernst & Young.

  1. 3D AGO

    MSTR’s Evolution into a Bitcoin Capital Markets Machine with Brian Brookshire

    MSTR’s bitcoin strategy is no longer a theory. It is a proven capital markets machine reshaping how corporations accumulate bitcoin through preferred equity, digital credit, and disciplined balance-sheet design. In this episode, we examine why volatility is being monetized, why fixed income is the next frontier, and why this strategy is built to compound over decades, not quarters. 00:00 - Why MicroStrategy’s bitcoin strategy was misunderstood 02:30 - The 2024 blow-off top that ignited bitcoin treasury adoption 05:00 - Why price action is the true signal for corporate bitcoin adoption 07:45 - How the strategy model survived the bear market 09:15 - The pivot from convertible bonds to perpetual preferred equity 12:10 - Why preferred equity works better in volatile markets 15:00 - Digital credit and unlocking the $300 trillion fixed-income market 18:45 - How long the bitcoin capital-markets arbitrage can last 22:45 - Bitcoin’s end game, AI, and long-term growth limits 27:20 - What digital credit looks like in the next bitcoin bull market 31:30 - Is BTC Yield a flawed or misunderstood metric 36:45 - Digital money, stablecoins, and building on bitcoin credit 44:00 - Has Saylor actually changed the core bitcoin strategy 49:15 - OG selling, volatility suppression, and market structure 54:30 - Why holding a USD reserve strengthens the bitcoin strategy

    1h 6m

  2. DEC 18

    Making Bitcoin Quantum-Resistant with Hunter Beast

    Bitcoin’s security assumptions are entering a new era as quantum computing moves from theory toward reality. In this episode, Hunter Beast explains which bitcoin are actually at risk, why most supply remains safe, and how Bitcoin can evolve without compromising its core principles. This is a sober, long-term discussion on cryptography, state-level threats, and why Bitcoin remains the strongest monetary system for the decades ahead. Timestamps: 00:00 - Welcome and why quantum matters for bitcoin 04:28 - What quantum computers are and why they are different 10:13 - How quantum computers break cryptography 17:35 - Why quantum risk specifically matters for bitcoin 19:44 - Which bitcoin are actually vulnerable today 23:28 - Why Taproot changes the quantum threat model 27:26 - High-level recap of bitcoin’s quantum exposure 30:14 - NSA, NIST, and why government cryptography cannot be trusted 32:40 - Why hash-based cryptography may be bitcoin’s safest path 40:39 - Broken money, central banking, and why bitcoin matters 51:56 - What the bitcoin community should focus on next 54:43 - The “quantum discount” on bitcoin’s future value 57:39 - Why bitcoin survives even state-level adversaries 01:00:06 - Final thoughts and where to follow Hunter Beast

    1h 2m

  3. DEC 11

    QE-lite Sets Up Bitcoin’s 2026 Explosion with Joe Consorti

    Bitcoin is entering a new phase as the Fed quietly shifts back toward balance sheet expansion and the market begins to reveal which assets can survive a decade of structural monetary distortion. In this episode Joe Consorti breaks down why liquidity is returning, why the four year cycle may be fading, and why bitcoin remains the strongest asset in a world where Main Street weakens and Wall Street inflates. We walk through the signals that matter most for 2026 and why disciplined, long horizon investors should stay focused on bitcoin's role as the apex monetary asset. Timestamps: 00:00 – Joe Consorti returns and reflects on past bitcoin calls 01:02 – Why the Fed’s new policy feels like 2019 QE-lite 03:29 – Market reaction: stocks rip, bitcoin lags 05:17 – Trump’s likely new Fed chair and what it means for bitcoin 07:35 – Why the Fed’s “brakes” no longer work 09:37 – Fiscal dominance: Treasury and Fed become one 12:33 – The K-shaped economy explained 15:53 – Why the Fed always sacrifices Main Street for Wall Street 17:22 – Bitcoin as the escape from financial repression 21:04 – Digital credit and how bitcoin flips bond markets 25:39 – Bitcoin’s sensitivity to financial conditions 28:53 – Why liquidity expansion historically ignites bitcoin 31:39 – Credit spreads: the number one risk signal for bitcoin 33:11 – Bitcoin outlook for early 2026 39:11 – Is the four-year cycle dead or alive? 44:24 – ETFs and new buyers reshape bitcoin market structure 49:38 – Why bitcoin corrections should be shallower this cycle 52:23 – Final thoughts and what to expect in Q1

    54 min

  4. DEC 3

    Was the Bitcoin Crash Just a Fakeout? with John Haar

    Bitcoin is entering a new phase where old narratives are breaking down and real macro forces are taking over. In this episode, John Haar explains why the halving cycle is losing its power, how corporate balance sheets and global credit markets are setting the stage for explosive long-term adoption, and why 2026 may redefine every prior price cycle.Timestamps:00:00 - Intro and 2025 bitcoin price action & sentiment02:05 - Why this is not a repeat of the 2021 cycle top09:44 - Are halvings still driving bitcoin or are they becoming irrelevant?12:02 - John’s base case: new ATH above $130k in 2026 and the end of the 4-year cycle meme19:15 - Bitcoin vs Mag 7: why it’s still the best debasement trade in a passive world30:24 - Why “credit came before money” makes no sense logically33:18 - MMT, government IOUs, and the push to normalize debt-based money36:27 - What drives the next wave of bitcoin adoption and who joins next40:10 - What credit looks like on a bitcoin standard vs today’s dollar debt system44:52 - How corporate debt issuance is a speculative attack on the dollar48:45 - Bitcoin treasury companies: from overheated hype to “ice cold” sentiment50:25 - Can $300T of fixed income eventually flow into bitcoin-backed digital credit?58:26 - Why strategy is stockpiling 1–2 years of USD reserves for its preferreds59:38 - Catalysts for the next bitcoin bull run into 2026

    1h 4m

  5. NOV 19

    Amplified Bitcoin, STRC, and Core vs Knots with Stephan Livera

    In this episode, Stephan Livera breaks down how digital credit, Stretch, and amplified treasury strategies are pulling future buying pressure into the present, why Core versus Knots has become more noise than signal, and how miner incentives, spam debates, and quantum FUD fit into the bigger picture. We dig into the power law model, medium-of-exchange progress, and the mechanics behind volatility itself to understand where bitcoin is truly headed as adoption accelerates. Timestamps: 00:00 - Intro 00:32 - What digital credit actually means 02:04 - Digital credit and the speculative attack 05:16 - What amplified bitcoin really is 06:08 - Why bitcoin’s volatility feels so brutal 09:35 - Can past performance predict bitcoin’s future? 14:24 - Why the power law model matters 15:02 - Will treasury companies amplify volatility? 19:42 - Digital credit’s reflexive feedback loop 23:53 - Bitcoin Core vs. Bitcoin Knots explained 36:53 - Quantum computing: real risk or distant FUD? 43:21 - Is bitcoin finally becoming a medium of exchange? 47:54 - Are four-year cycles real or just memes?

    53 min

  6. NOV 6

    Bitcoin, the business cycle, and the coming wave of monetary easing with Joe Consorti

    Bitcoin just had one of its worst days of the year, yet the story beneath the surface tells something far more important. In this episode, Joe Consorti explains why the sell-off may be a sign of strength, how long-term holders are quietly redistributing their coins, and why this cycle is unlike any before. We explore the shifting macro landscape, the rise of socialism as a symptom of broken money, and how concentrated equity markets reveal deeper structural fragility. Joe also breaks down why bitcoin tracks the business cycle more than the halving cycle and why easing financial conditions could set the stage for its next major rally. Timestamps: 00:00 - Bitcoin’s second-worst day of 2025 02:31 - Why $95,000 is the key level to watch 10:04 - Why market sentiment feels terrible despite strong equities 14:29 - Bitcoin’s “silent IPO” and the great redistribution 19:55 - How bitcoin’s wealth inequality is actually shrinking 26:30 - Rise of socialism and the downfall of New York City 34:15 - The dangerous concentration in the S&P 500 39:10 - Nvidia’s $5 trillion milestone and what it signals 42:47 - Treasury Secretary praises bitcoin while government shuts down 50:54 - Bitcoin’s price follows the business cycle, not the halving cycle 53:37 - Trump, Powell, and the coming asset-price melt-up

    55 min

  7. OCT 31

    Bitcoin, AI, and self-storage: building the new productive economy with Kenny Alves

    A new era of business is emerging, led not by Wall Street but by bitcoin. In this episode, Kenny Alves explains how his family’s self-storage company is becoming a bitcoin treasury, converting cash flow into sound money and preparing to borrow against bitcoin to expand real assets. We discuss why small business adoption is the next frontier of hyperbitcoinization, how bitcoin’s volatility is simply a measure of its growth, and why AI and robotics could accelerate productivity in the bitcoin economy. Kenny reveals how pairing bitcoin with cash-generating businesses could create an unstoppable engine of compounding wealth. Timestamps: 0:00 - Intro: how a small business merged with bitcoin 1:10 - Turning self storage into a bitcoin treasury 2:45 - Why banks are killing safe deposit boxes 5:35 - Refinancing real estate with bitcoin loans 7:10 - The two models of bitcoin treasury companies 10:00 - Using bitcoin as productive collateral 12:16 - Why bitcoin treasury companies will dominate every industry 14:10 - Bitcoin as pristine collateral for a new credit system 19:15 - Why lenders still charge 10% on bitcoin loans 21:00 - The quiet bitcoin shift happening in Washington 23:00 - How small businesses can spark mass bitcoin adoption 27:00 - Which companies should adopt a bitcoin treasury first 31:00 - Why bitcoin’s volatility is just rapid growth 35:00 - Nvidia hits $5T: what it means for bitcoin 36:00 - How AI is reshaping business and productivity 39:00 - The coming wave of humanoid robots 44:40 - The long-term vision: bitcoin, AI, and self storage

    47 min

  8. OCT 21

    What does the world look like at $10,000,000 BTC? with Fred Krueger

    What if bitcoin replaced the foundation of global money? In this episode, Fred Krueger explains what a $10 million bitcoin world could look like, why traditional assets may underperform under a hard-money system, and how AI and automation could reshape society in the process. We examine the timeline for bitcoin’s full monetization, how deflation can drive innovation instead of destruction, and why the 60/40 portfolio no longer works. Fred shares his framework for applying the Kelly criteria, the importance of ETFs in accelerating adoption, and how this transition could spark the greatest wealth transfer in history. Timestamps: 00:00 – Intro and welcome to The Mustard Seed Podcast 00:37 – What a $10 million bitcoin world could look like 02:10 – Why bitcoin and the dollar will likely coexist 06:54 – Why real estate and stocks could underperform in the bitcoin era 09:02 – Why markets haven’t front-run $10 million bitcoin yet 16:59 – Can a deflationary money like bitcoin support growth? 20:42 – Life and credit in a hard-money system 26:56 – Can we reach $10 million bitcoin without a crisis? 33:01 – AI and automation meet bitcoin: a new society emerges 37:24 – Why the 60/40 portfolio is broken in the bitcoin era 42:39 – How yield fits in retirement portfolios 44:39 – Allocating 70–75% to bitcoin: Fred’s case for the Kelly criteria 45:20 – Will bitcoin wealth concentrate or distribute over time? 48:33 – The ETF wave and the next class of bitcoin investors 53:29 – Would Fred Krueger ever sell bitcoin to buy stocks? 58:01 – The 70/30 portfolio: bitcoin plus passion projects 01:03:00 – How bitcoin and AI together will create mass abundance 01:08:47 – Why Fred’s book passed Ray Dalio on Amazon

    1h 13m
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About

Joe Burnett is Director of Bitcoin Strategy at Semler Scientific (NASDAQ: SMLR), the second publicly traded company to adopt a bitcoin treasury strategy, where he helped the company accumulate more than 5,000 BTC. He previously served as Director of Market Research at Unchained, which helps secure over 100,000 BTC. Joe hosts The Mustard Seed, a Bitcoin podcast featuring leading experts such as Michael Saylor, Lyn Alden, and Luke Gromen. Before Unchained, he worked at Blockware Solutions and Ernst & Young.

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