# The Bitcoin Credit Gold Rush | Jeff Walton

Page: https://stenobird.com/podcast/what-bitcoin-did-255500/the-bitcoin-credit-gold-rush-jeff-walton
Text version: https://stenobird.com/podcast/what-bitcoin-did-255500/the-bitcoin-credit-gold-rush-jeff-walton.md
Podcast: [What Bitcoin Did](https://stenobird.com/podcast/what-bitcoin-did-255500)
Published: 2026-05-29T15:00:28+00:00
Episode link: https://fountain.fm/episode/5AaBTjr53gUL4aCBodIn
Audio file: https://feeds.fountain.fm/UZSKQcrOnhqYS1JopxGg/items/UkzHY05kovDrTPkeT5MQ/files/AUDIO---DEFAULT---3c6915d1-6332-41b4-bbe1-f3791b0d9cfd.mp3
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JSON: https://stenobird.com/v1/public/podcasts/what-bitcoin-did-255500/episodes/the-bitcoin-credit-gold-rush-jeff-walton
Duration seconds: 6101

## Resource

“We are in the digital gold rush to acquire as much Bitcoin as humanly possible.” Jeff Walton joins the show to break down the rise of Bitcoin-backed credit, Strive’s SATA instrument, and why perpetual preferred equity could become one of the most important capital market innovations in Bitcoin. We discuss why SATA is now paying daily dividends, how Strive thinks about risk, reserves, leverage, and Bitcoin coverage, and why these new credit instruments may become a structural buyer of Bitcoin through both bull and bear markets. We also get into Strategy’s role as the market leader, the shift away from convertible debt, the future of Bitcoin treasury companies, proof of reserves, custody risk, institutional adoption, and whether Bitcoin credit could eventually reprice the entire credit market. THANKS TO OUR SPONSORS: ANCHORWATCH BLOCKWARE LEDN BITKEY SWAN CAPE FOLLOW: Danny Knowles: https://x.com/_DannyKnowles or https://primal.net/danny Jeff Walton: https://x.com/PunterJeff

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## Transcript

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