Bitcoin Treasury Companies, Mining & The Slow Grind to $1 Million | Mitchell Askew
What Bitcoin Did14 Jul 2025

Bitcoin Treasury Companies, Mining & The Slow Grind to $1 Million | Mitchell Askew

Mitchell Askew is Head of Research at Blockware and author of The Conservative Case for Bitcoin.

In this episode, we discuss the growing role of Bitcoin treasury companies, how miners are evolving into treasury plays, and why Blockware is betting on mining as a tool for institutional Bitcoin accumulation. We get into companies choosing ASICs over spot Bitcoin, how tax incentives and cash flow denominated in Bitcoin are changing the landscape, and the emergence of global copycats of MicroStrategy.

We also get into the dynamics of hash rate, Bitcoin price, and the impact of ETFs on volatility. Finally, we cover the generational gap in Bitcoin adoption, why Gen Z isn’t saving, and why Mitchell believes the four-year Bitcoin cycle is dead - and that Bitcoin will now “stair-step” its way to $1 million.

THANKS TO OUR SPONSORS:

IREN: https://www.iren.com/

RIVER: https://river.com/wbd

ANCHORWATCH: https://www.anchorwatch.com/

BLOCKWARE: https://mining.blockwaresolutions.com/wbd

LEDN: https://learn.ledn.io/wbd

Follow:

Danny Knowles: https://x.com/_DannyKnowles or https://primal.net/danny

Mitchell Askew: https://x.com/MitchellHODL

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