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 (NASDAQ: IREN) and Bakkt (NYSE: BKKT) — 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.

In This Episode

• 00:00:30 — High-Conviction Investing Philosophy and Overall Strategy
• 00:05:43 — What Most Investors Get Wrong
• 00:07:43 — Crisis Periods as Buying Opportunities
• 00:09:17 — Directionally Correct vs. Perfect
• 00:11:01 — Reading Sentiment on X
• 00:12:48 — Background and First Bitcoin Catalyst
• 00:14:40 — Why Bitcoin Is Unique
• 00:16:56 — Safety, Volatility, and Inflation
• 00:18:01 — Digital Credit and High-Yield Products
• 00:21:46 — Bonds vs. Digital Credit
• 00:23:46 — Growth vs. Income Allocation
• 00:25:51 — Digital Credit Resilience
• 00:29:33 — Digital Credit vs. Private Credit
• 00:31:35 — Why Track Record Matters
• 00:36:46 — Income Investors vs. FOMO Buyers
• 00:38:58 — Bitcoin to $1 Million by 2033–2035
• 00:41:20 — AI, Energy, and Physical Infrastructure
• 00:47:24 — Repositioning and Trimming Winners
• 00:54:49 — Gold, Copper, and Bitcoin Cycles
• 00:57:43 — Fed Leadership and the Economy
• 00:58:23 — Closing Optimism