The Income Show
Rethinking income investing from first principles. Released as new guests are booked.
Latest: I Borrowed Against My House To Buy STRC
The Income Show rethinks income investing from first principles. Hosted by Joe Burnett, the show explores the foundations of credit, why traditional income strategies are breaking down, and the emergence of Digital Credit as a new asset class.
All Episodes (22)
22.I Borrowed Against My House To Buy STRC
Trey Sellers borrowed against his home at 5% to buy STRC yielding 10%, and he explains why he never worried when it crashed. The head of Strike Private and creator of FIRE BTC joins host Joe Burnett to discuss how Bitcoin changes the math of retiring early, why he thinks an 8% withdrawal rate is conservative on a Bitcoin standard, and why you should keep a mortgage instead of paying it off. They also cover growth vs. income investing, whether digital credit is suppressing Bitcoin's price, and why $83,000 Bitcoin is bullish.
Oct 8, 2026
21.Bitcoiners Will Be The New 1%
Wyatt O'Rourke believes the finance industry embracing Bitcoin is the only peaceful path to a Bitcoin standard. The founder of Bitcoin-native wealth manager Basilic Financial and author of The Bitcoinization of Finance joins host Joe Burnett to discuss why Bitcoiners will become the new 1%, how SATA and STRC are filling the fixed-income gap for his clients, and what the next generation of Bitcoin investment products could look like. They also cover inheritance and custody planning, taming Bitcoin's volatility, and what portfolios look like on a Bitcoin standard.
Oct 2, 2026
20.The Bitcoin Bears Are Wrong
Tad Smith is very bullish on Bitcoin, and the fact that so many people aren't makes him even more bullish. Tad joins host Joe Burnett to discuss the Fed's surprise rate hike, Treasury Secretary Bessent's path toward yield curve control, and how AI is reshaping jobs and markets. They also cover Tad's barbell portfolio, the lessons of STRC's summer selloff, Bitcoin treasury companies, and why he believes all roads lead to Bitcoin.
Sep 24, 2026
19.Bitcoiners Aren't Ready for What's Coming
The Income Show is back with host Joe Burnett and BritishHODL, who argues that Bitcoin’s problem wasn’t gold or AI: it became boring. They discuss why ETF investors may be the real diamond hands, BlackRock’s Bitcoin strategy, and the trade-offs of self-custody. They also explore SATA, STRC, Bitcoin-backed savings accounts, and borrowing against Bitcoin without selling.
Sep 17, 2026
18.He Called The $64K Bitcoin Bottom
The Income Show is back with host Joe Burnett, joined by Brian Harrington to discuss how he identified a likely Bitcoin bottom and navigated the latest bear market. Brian explains why he rebuilt his portfolio around income, why passive index investing no longer interests him, and how he maps products across a simplified Bitcoin yield curve. They also explore digital credit, Strategy preferreds, covered-call funds, Bitcoin-backed lending, stablecoins, and the role of predictable cash flow in reducing Bitcoin’s volatility barrier. Finally, they consider Bitcoin’s future returns, the path from income products to direct Bitcoin ownership, and why both longtime holders and newer participants may need to rethink old assumptions.
Sep 10, 2026
17.Lyn Alden: The Dollar Endgame Is Here
The Income Show is back with host Joe Burnett, joined by Lyn Alden, to discuss U.S. Treasury buybacks, long-term yields, and the path toward financial repression. They distinguish the Treasury’s recent actions from full yield curve control, examine fiscal dominance and the relationship between the Treasury and Federal Reserve, and consider what these policies mean for hard assets. They also explore Bitcoin’s role as money and a protocol of value, its recent performance relative to gold, and the structure, valuation, and leverage risks of digital credit. Lyn compares Bitcoin mining with AI compute and explains why greater technological abundance would not eliminate scarcity or the need for money.
Aug 31, 2026
16.Bitcoin Wins, But Strategy Could Still Fail
The Income Show is back with host Joe Burnett, joined by Jessy Gilger, a certified financial planner and founder of Verify Wealth, to discuss Bitcoin, personal finance, and the risks of chasing yield. They examine how investors can navigate Bitcoin drawdowns, whether the four-year cycle still matters, and why financial plans should reflect real-world goals and cash-flow needs. They also explore Bitcoin-native financial planning, self-custody versus ETFs, the role of education in broader adoption, and the differences between growth and income investing. Finally, Joe and Jessy discuss Bitcoin-backed preferred stock, MSTR as amplified Bitcoin exposure, and why investors should carefully weigh leverage, volatility, and downside risk.
Aug 27, 2026
15.Strategy’s Biggest Risk Isn’t Bitcoin
The Income Show is back with host Joe Burnett, joined by Dr. Jeff Ross, founder and CEO of Vailshire Capital Management, to discuss Bitcoin, global liquidity, and the changing macroeconomic landscape. They examine Jeff’s transition from radiologist to macro fund manager, why gold has recently outperformed Bitcoin, and how hard assets could perform over the next decade. They also explore Bitcoin’s four-year cycle, the possibility of a market bottom, Strategy’s growing focus on digital credit, and the risks facing leveraged Bitcoin treasury companies. Finally, Jeff explains why investors should approach leverage cautiously and shares his long-term advice: stay humble and stack sats.
Aug 20, 2026
14.The Future of Income Investing
The Income Show is back with host Joe Burnett, joined by Loren Asmus, Head of Investor Relations at UTXO, to unpack how institutional capital is finally starting to bridge into Bitcoin, and why fixed income is at the center of it. Loren brings a traditional finance lens sharpened by years on the institutional side, and walks through the journey that took him from allocating inside legacy portfolios to helping build the infrastructure that lets institutions actually access Bitcoin exposure at scale. Joe and Loren break down why the 60/40 portfolio is fundamentally broken in a fiscally dominant world, how institutional allocators really think about fixed income, and the structural reasons most institutions still can't just buy Bitcoin outright, no matter how much conviction the CIO has. From there, the conversation moves into the future of income investing and the emergence of digital credit as its own asset class, covering the difference between senior and junior digital credit, how large the market could realistically become, and how it should actually be valued. They also get into the STRC drawdown and what it revealed about digital credit volatility, why the "just hold Bitcoin and cash" argument misses the point for large pools of capital, the role of the government backstop through the next recession, and why Bitcoin's infinite duration makes it the ultimate long-duration asset on a corporate balance sheet. It's a conversation about where trillions of dollars of fixed income allocation may ultimately end up, and the plumbing being built right now to move it there.
Aug 13, 2026
13.Why Bitcoin Needs to Hit $370K by 2032
The Income Show is back with host Joe Burnett, joined by Sam Callahan to discuss how to think about markets and portfolio construction in today's environment. They break down Sam's unpopular Bitcoin opinions, the line between conviction and stubbornness, and why time horizon and volatility shake most investors out too early. They also examine fiscal dominance, Bitcoin's role as a global liquidity trade, treasury companies and digital credit, and Fidelity's math showing Bitcoin needs to hit $370K by 2032, evaluating the shape of Bitcoin's returns into 2030 and why adoption still isn't at 100%.
Aug 6, 2026
12.A Quant Breaks Down Why STRC Broke $100
The Income Show is back with host Joe Burnett, joined by Allard Peng to discuss how Bitcoin is reshaping traditional investing and giving rise to a new asset class in digital credit. They break down retail versus institutional flows, growth versus income investing, and why volatility shouldn't be conflated with risk. They also examine Strategy's role as a Bitcoin development company, the Impossible Trinity shaping STRC's design, and a five year outlook for Bitcoin and digital credit, evaluating both the bull and bear cases and the role banks may ultimately play.
Jul 30, 2026
11.Strategy ($MSTR), Bitcoin, Digital Credit, & More
The Income Show is back with host Joe Burnett, joined by Archie from the Bitcoin Archive to discuss the tension between traditional HODLing culture and the rising financialization of Bitcoin. They break down portfolio strategies for onboarding new users, the macroeconomic role of corporate treasuries, and the metrics signaling the bottom of the current bear market. They also analyze a five-year outlook for global capital, evaluating both the bull and bear cases for Bitcoin and digital credit instruments.
Jul 23, 2026
10.Bitcoin Bears Are Wrong
The Income Show is back with host Joe Burnett, joined by Parker White of Apyx to break down his approach to portfolio construction, the role of income in managing Bitcoin volatility, and why price often drives market narratives more than fundamentals. They also discuss whether Bitcoin’s four year cycle is still intact, Strategy’s Bitcoin sales, Michael Saylor’s influence on adoption, the path for digital credit to return to par, and how Bitcoin backed credit and tokenized assets could reshape global finance.
Jul 15, 2026
9.Fix The Money
The Income Show is back for Episode 9, with host Joe Burnett, joined by Jon Willbanks to talk about building a portfolio around Bitcoin, Tesla, and digital credit, the common misconceptions holding people back from Bitcoin, and why he sees the coming singularity and wealth rotation between asset classes reshaping how capital moves, with Bitcoin at the center of it.
Jul 9, 2026
8.Is The Bitcoin 4 Year Cycle Dead?
The Income Show is back for Episode 8, with host @IIICapital joined by Jesse Myers to talk about the recent shakeout in digital credit, where Bitcoin sentiment and the four-year cycle stand today, and why he sees Bitcoin accelerating toward becoming the world's dominant form of long-term capital.
Jul 2, 2026
7.Is Digital Credit Broken?
Joe Burnett sits down with Tyler Evans — Chief Investment Officer of Nakamoto — for episode 7 of The Income Show. With STRC and SATA whipsawing, they ask whether digital credit is 'broken' or simply repricing: tracing Bitcoin's market cycles and shifting volatility, framing digital credit as a long-carry trade, and unpacking what recent STRC volatility, issuer cash reserves, and capital-markets positioning really signal. They contrast digital credit with private credit on transparency and liquidity, take on the loudest criticisms from the Bitcoin community, and close on the Bitcoin growth required to cover dividends and the macro backdrop underpinning the core thesis.
Jun 25, 2026
6.Public Company CEO Went All In on Bitcoin & Digital Credit
Joe Burnett sits down with Evan Horowitz — Chief Executive Officer of Farmhouse Inc. ($FMHS) — for episode 6 of The Income Show. Evan tells the story of taking a public company from cannabis to Bitcoin, and makes the case for the 'anti-debasement company': holding Bitcoin alongside tokenized and physical gold on a multi-asset treasury, scaling a digital-asset balance sheet, and using digital credit as a strategic asset to neutralize corporate expenses. They range across Bitcoin adoption versus the early internet, a bearish read on stablecoins, gold-and-Bitcoin synergies, why permissionless money matters, and how to handle market volatility and red days.
Jun 18, 2026
5.BITCOIN IS DOWN 50%. WHAT IS HAPPENING?
The Income Show is back for Episode 5, with host @IIICapital joined by Brian Brookshire to talk all things digital finance. From digital credit and stablecoins to Bitcoin and standout tickers like $MSTR, $STRC, and $SATA, this conversation covers the ideas and assets reshaping how we think about mon
Jun 15, 2026
4.Jakob Schillinger: Future of Money, Digital Credit, & Bitcoin
Joe Burnett sits down with Jakob Schillinger — Founder and CEO of Hermetica — for episode 4 of The Income Show. They explore the future of money, the evolution of fixed income, and why digital credit is one of the largest untapped markets in finance: what separates a durable yield product from past-cycle failures, the role of transparency, institutional-grade risk controls and low volatility, lessons from recent DeFi exploits, and Hermetica's path to multi-billion-dollar scale. They close on Bitcoin as a world reserve asset, the intersection of AI and Bitcoin, and how a shifting interest-rate regime will redefine every digital credit issuer's priorities.
Jun 4, 2026
3.Stephen Cole: Building a High Yield Account On Bitcoin
Joe Burnett sits down with Stephen Cole — Co-Founder and CEO of Castle — for episode 3 of The Income Show. The conversation covers how any business can automatically put Bitcoin on its balance sheet, why digital credit beats traditional banking, Bitcoin as a benchmark for long-term success, the parallels between today's adoption and the early internet, the risk of waiting on the sidelines, and what happens to corporate treasuries as interest rates shift over the next five years.
May 28, 2026
2.Matthew Sigel: Digital Credit, Government Spending, & Institutional Yield
Joe Burnett sits down with Matthew Sigel — CFA and Head of Digital Assets Research at VanEck — for episode 2 of The Income Show. The conversation covers the evolution of Strategy's digital credit products, why 60/40 portfolios may no longer be sufficient in an era of persistent government spending and structural inflation, the intersection of AI and Bitcoin mining infrastructure, Bitcoin's relationship to gold, and nation-state involvement in mining.
May 18, 2026
1.Mike Alfred: AI, Bitcoin, Digital Credit, & The Future of Investing
Joe Burnett sits down with Mike Alfred — Founder and Managing Partner of Alpine Fox LP and a director at IREN and Bakkt — for the debut episode of The Income Show. The conversation covers high-conviction investing, why Bitcoin is structurally unique, the rise of digital credit as a high-yield alternative to traditional bonds and private credit, AI and physical infrastructure, and Mike's case for Bitcoin reaching $1 million by 2033–2035.
May 8, 2026Stay on Course. Get the Signal.
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