Syz the Future

Richard Byworth

Syz the Future is a monthly podcast hosted by Richard Byworth, partner at Syz Capital, the alternative investment firm. The show dives into the critical issues shaping our world today and its uncertain future: from forever wars to energy security, sustainability and monetary debasement to disruptive technology and geopolitics. Each episode tackles one of these key challenges we are facing in depth, clarifying tangible steps to move forward, while examining how this might inform capital allocation decisions for what lies ahead.

  1. 07/21/2025

    Metaplanet CEO Simon Gerovich Part 2: 555 (Go Go Go) – BTCTCs Expert subseries (B001)

    In the inaugural episode of our new BTCTCs subseries at Syz the Future, Simon Gerovich (https://x.com/gerovich) of Metaplanet (3350:JP / $MTPLF) joins Richard (https://x.com/RichardByworth) in the studio for part 2 of our ongoing conversation on Metaplanet and other Bitcoin treasury companies (BTCTCs). The discussion goes in depth on the ins and outs of a functioning BTCTC, from the different mechanisms needed to continually issue shares into the markets in order to accumulate more bitcoin (e.g. ATM) as well as the very unique solution Metaplanet harnessed to achieve the same. We also chat about put underwriting, Metaplanet's entry into the US, growing institutional interest and the Japanese bond and pref market. As a former derivatives trader at Goldman Sachs, Simon put his trading prowess to task taking Metaplanet to a $7bn market cap from $2bn two months ago when we recorded our first session. The BTCTC journey of Metaplanet began at $10mn market cap 14 months ago.   We believe that BTCTCs are acting as the release valve for the outlandish valuations in the Equity and Bond markets. As such, we felt this moment in time required a deeper dive into their analysis. Welcome to the BTCTC sub-series.   X (Twitter): https://x.com/syzthefuture Richard's X (Twitter): https://x.com/RichardByworth   Find us on your favorite podcast channels: Youtube: https://youtube.com/@syzthefuture Spotify: https://spoti.fi/3Cbky4e Apple Podcasts: https://apple.co/3YUmdV5 Fountain App: https://bit.ly/4e1ItAt Rumble: https://rumble.com/c/SyztheFuture   Instagram: https://instagram.com/syzthefuture Website: http://syzthefuture.com

    39 min
  2. 07/14/2025

    Dr. Chris Knobbe: The Hidden History of Seed Oils

    Dr. Chris Knobbe is an ophthalmologist, clinical professor emeritus, researcher and leading voice in health policy unveiling the hidden dangers of seed oils (aka vegetable oils) in our food supply. Driven by the data showing stark correlations between rising chronic disease (coronary heart disease, diabetes, metabolic syndrome, alzheimers/dementia, age-related macular degeneration) and the integration of seed oils into our modern diet, Chris left practice to further research and policy advocacy exploring this troubling and commonly unknown link through AMD Foundation (http://amdfoundation.com) and the book Ancestral Diet Revolution (https://www.amazon.com/Ancestral-Diet-Revolution-Vegetable-Processed/dp/1734071761). After his viral talks at Low Carb Down Under in 2020 (https://youtu.be/7kGnfXXIKZM) and 2023 (https://www.youtu.be/PvZk-jNqzgE), Chris galvanized the discussion scrutinizing the role of "vegetable oils" that are ubiquitous in our modern diet. We caught up with Chris in London for this special episode focused on health, history, and questioning the most basic aspects of our lives today -- our food. X (Twitter): https://x.com/syzthefuture Richard's X (Twitter): https://x.com/RichardByworth   Find us on your favorite podcast channels: Youtube: https://youtube.com/@syzthefuture Spotify: https://spoti.fi/3Cbky4e Apple Podcasts: https://apple.co/3YUmdV5 Fountain App: https://bit.ly/4e1ItAt Rumble: https://rumble.com/c/SyztheFuture    Instagram: https://instagram.com/syzthefuture Website: http://syzthefuture.com

    40 min
  3. 05/19/2025

    Ep.12: Metaplanet CEO Simon Gerovich – The Future of Capital is Here

    Simon Gerovich (https://x.com/gerovich) is the President and Board Rep Director of the top company in the world right now in stock performance, Metaplanet ($MTPLF). After adopting a bitcoin treasury strategy following the footsteps of Michael Saylor's Strategy formerly Microstrategy ($MSTR). Metaplanet shot up to the top of the Japanese stock market and the globe in 2024 and maintains that top ranking today. Simon drops by the studio to talk shop on how he got here, valuation metrics on this new category of company, the ins and outs of accretive dilution, the evolving nature of this capital strategy and how markets are reacting. If you were curious about what all the hubbub is around bitcoin treasury companies recently and the seismic moves throttling markets lately, this is the episode to watch.   00:00 Teaser 01:00 Title Sequence 01:15 Introduction 02:23 Simon Gerovich 04:21 Metaplanet's Bitcoin Strategy and Saylor's MSTR Playbook 07:11 The Categoric Bitcoin Treasury Wave in the Market 08:25 The Market and Tax Structure in Japan 10:27 What is mNAV 12:37 BTC Yield, Accretive Dilution 14:02 The Power of the High Multiple in Accretive Dilution 18:00 Months to mNAV Coverage 20:35 Capturing Aggression of Bitcoin Accumulation 21:47 Capital Strategies in Metaplanet's Future 24:27 Attracting Different Types of Investors 27:22 Leading the Bitcoin Treasury Movement 31:00 Competition in the Bitcoin Treasury Company World 34:03 Institutional Investor Involvement 37:03 Retail Projections: Bitcoin ETF, Tax-Free Investment Schemes 38:34 Allocation of Capital   X (Twitter): https://x.com/syzthefuture Richard's X (Twitter): https://x.com/RichardByworth   Find us on your favorite podcast channels: Youtube: https://youtube.com/@syzthefuture Spotify: https://spoti.fi/3Cbky4e Apple Podcasts: https://apple.co/3YUmdV5 Fountain App: https://bit.ly/4e1ItAt Rumble: https://rumble.com/c/SyztheFuture   Instagram: https://instagram.com/syzthefuture   Website: http://syzthefuture.com

    40 min

Ratings & Reviews

5
out of 5
7 Ratings

About

Syz the Future is a monthly podcast hosted by Richard Byworth, partner at Syz Capital, the alternative investment firm. The show dives into the critical issues shaping our world today and its uncertain future: from forever wars to energy security, sustainability and monetary debasement to disruptive technology and geopolitics. Each episode tackles one of these key challenges we are facing in depth, clarifying tangible steps to move forward, while examining how this might inform capital allocation decisions for what lies ahead.