The Income Show

Rethinking income investing from first principles. Released as new guests are booked.

Latest: Strategy’s Biggest Risk Isn’t Bitcoin

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.

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Latest: Strategy’s Biggest Risk Isn’t Bitcoin

All Episodes (15)

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

Aug 20, 2026 1:00:15 →

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

Aug 13, 2026 47:50 →

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

Aug 6, 2026 1:02:26 →

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

Jul 30, 2026 1:01:53 →

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

Jul 23, 2026 49:04 →

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

Jul 15, 2026 57:39 →

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

Jul 9, 2026 55:55 →

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

Jul 2, 2026 1:02:36 →

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

Jun 25, 2026 51:46 →

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

Jun 18, 2026 48:32 →

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

Jun 15, 2026 53:16 →

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

Jun 4, 2026 55:31 →

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

May 28, 2026 58:20 →

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

May 18, 2026 42:20 →

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, 2026

May 8, 2026 1:00:38 →

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