Supply Shock

This week, we discuss lawmakers reintroducing the Bitcoin Act, takeaways from the White House crypto summit, and what Russia’s crypto proposal suggests about Bitcoin sovereign game theory. We also delve into a single Bitaxe mining a block, why proof-of-work consensus is so important, and more. Enjoy!—Follow Nolan: https://x.com/countbtcFollow Michael: https://x.com/mpmcsweeneyFollow Rizzo: https://x.com/pete_rizzo_Follow Supply Shock: https://twitter.com/SupplyShockBWFollow Blockworks: https://twitter.com/Blockworks_Join Supply Shock Telegram: https://t.me/+SpmLg6P_QcgxNDcxThe Bitcoin Historian Newsletter: https://bitcoinhistorynewsletter.com/—Join us at Digital Asset Summit 2025 March 18th - 20th. USE CODE SHOCK10 FOR 10% OFF general admission!https://blockworks.co/event/digital-asset-summit-2025-new-york—Bitcoin DeFi is here. Stake, bridge, swap and earn real yield on Core - Bitcoin’s consumer chain and staking layer.Join Ignition and get onchain: ignition.coredao.org/blockworksStake your Bitcoin with Core: stake.coredao.org/blockworksLedger, the global leader in digital asset security, proudly sponsors Supply Shock. As Bitcoin adoption grows, Ledger celebrates 10 years of securing over 20% of the world’s crypto. Buy a LEDGER™ device now for true self-custody and peace of mind in securing your Bitcoin. Devices are also available in Bitcoin orange. For every device ordered in BTC Orange, we’ll donate $5 to brink.dev. Buy now at Ledger.com.Need liquidity without selling your Bitcoin? For 6+ years, Ledn has been the trusted choice for Bitcoin-backed lending. With transparency, security, and trust at our core, we help you access your BTC’s wealth while HODLing. Discover what your Bitcoin can do at ledn.io/borrowing.—Timestamps:(00:00) Introduction(01:12) Biggest Bitcoin Headlines(04:01) Greenland's Political Shift(06:31) Michael Saylor's Manifest Destiny(11:29) White House Crypto Summit(14:27) Ads (Core, Ledger, Ledn)(16:00) White House Crypto Summit (Con't)(22:35) Russia's Bitcoin Regulation(26:15) Ads (Core, Ledger, Ledn)(28:22) BRICS & Bitcoin Game Theory(42:37) Bitaxe Miner & Value of Proof-of-Work(53:40) Final Thoughts and DAS 2025—Disclaimer: Nothing discussed on Supply Shock should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

In this episode, Dan Held joins the show to discuss bringing crypto innovations into Bitcoin DeFi, metaprotocols like Bitcoin ordinals, and the future of Bitcoin fees and security. We also delve into the outlook for Bitcoin asset listings, Bitcoin updates and soft forks, and more. Enjoy!—Follow Dan Held: https://x.com/danheldFollow Rizzo: https://x.com/pete_rizzo_Follow Supply Shock: https://twitter.com/SupplyShockBWFollow Blockworks: https://twitter.com/Blockworks_The Bitcoin Historian Newsletter: https://bitcoinhistorynewsletter.com/—Join us at Digital Asset Summit 2025 March 18th - 20th. USE CODE SHOCK10 FOR 10% OFF general admission!https://blockworks.co/event/digital-asset-summit-2025-new-york—Bitcoin DeFi is here. Stake, bridge, swap and earn real yield on Core - Bitcoin’s consumer chain and staking layer.Join Ignition and get onchain: https://ignition.coredao.org/?utm_source=blockworks&utm_medium=podcast&utm_campaign=blockworksStake your Bitcoin with Core: https://stake.coredao.org/?utm_source=blockworks&utm_medium=podcast&utm_campaign=blockworksLedger, the global leader in digital asset security, proudly sponsors Supply Shock. As Bitcoin adoption grows, Ledger celebrates 10 years of securing over 20% of the world’s crypto. Buy a LEDGER™ device now for true self-custody and peace of mind in securing your Bitcoin. Devices are also available in Bitcoin orange. For every device ordered in BTC Orange, we’ll donate $5 to brink.dev. Buy now at Ledger.com.Need liquidity without selling your Bitcoin? For 6+ years, Ledn has been the trusted choice for Bitcoin-backed lending. With transparency, security, and trust at our core, we help you access your BTC’s wealth while HODLing. Discover what your Bitcoin can do at ledn.io/borrowing.—Timestamps:(00:00) Introduction(02:05) Bitcoin & DeFi Opportunities(11:58) Ads (Core, Ledger, Ledn)(13:31) The Role of Speculation in Bitcoin Adoption(18:12) Ordinals and NFTs on Bitcoin(20:54) User Experience and Bitcoin's Competitiveness(25:57) Price Sensitivity and Transaction Costs(28:30) Ads (Core, Ledger, Ledn)(30:36) Price Sensitivity and Transaction Costs (Con't)(32:39) The Future of NFTs and Bitcoin Tokens(35:11) Exploring Bitcoin Layer 2 Solutions(40:22) The Debate on Bitcoin's Game Theory(53:28) The Case for Bitcoin DeFi(56:57) Is the Super Cycle Here?—Disclaimer: Nothing discussed on Supply Shock should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

This week, we discuss whether crypto assets other than Bitcoin should be in a US reserve, the meaningful differences between Bitcoin and other crypto assets, and the opportunity Trump has to transition America away from a broken system. We also delve into the IMF attacking El Salvador’s Bitcoin policies, the differences between Fartcoin and Bitcoin, and much more. Enjoy!—Follow Nolan: https://x.com/countbtcFollow Michael: https://x.com/mpmcsweeneyFollow Rizzo: https://x.com/pete_rizzo_Follow Supply Shock: https://twitter.com/SupplyShockBWFollow Blockworks: https://twitter.com/Blockworks_The Bitcoin Historian Newsletter: https://bitcoinhistorynewsletter.com/—Join us at Digital Asset Summit 2025 March 18th - 20th. USE CODE SHOCK10 FOR 10% OFF general admission!https://blockworks.co/event/digital-asset-summit-2025-new-york—Bitcoin DeFi is here. Stake, bridge, swap and earn real yield on Core - Bitcoin’s consumer chain and staking layer.Join Ignition and get onchain: ignition.coredao.org/blockworksStake your Bitcoin with Core: stake.coredao.org/blockworksLedger, the global leader in digital asset security, proudly sponsors Supply Shock. As Bitcoin adoption grows, Ledger celebrates 10 years of securing over 20% of the world’s crypto. Buy a LEDGER™ device now for true self-custody and peace of mind in securing your Bitcoin. Devices are also available in Bitcoin orange. For every device ordered in BTC Orange, we’ll donate $5 to brink.dev. Buy now at Ledger.com.Need liquidity without selling your Bitcoin? For 6+ years, Ledn has been the trusted choice for Bitcoin-backed lending. With transparency, security, and trust at our core, we help you access your BTC’s wealth while HODLing. Discover what your Bitcoin can do at ledn.io/borrowing.—Timestamps:(00:00) Introduction(03:08) Should the US Own Crypto Other Than BTC?(11:42) Ads (Core, Ledger, Ledn)(13:15) Should the US Own Crypto Other Than BTC? (Con't)(22:33) The US Bitcoin Opportunity(30:43) Ads (Core, Ledger, Ledn)(32:48) El Salvador's Bitcoin Battle with the IMF(38:03) IMF Concerns and El Salvador's Bitcoin Strategy(46:28) Meaningful Differences Between Bitcoin & Everything Else—Disclaimer: Nothing discussed on Supply Shock should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

In this episode, Dennis Porter of Satoshi Action Fund joins the show to discuss Trump's crypto reserve announcement, the states fighting to become the first to buy Bitcoin, and the legislative goals of the Trump Administration. We also delve into the bipartisan support of crypto legislation, the importance of Bitcoin rights, and much more. Enjoy!—Follow Dennis: https://x.com/Dennis_Porter_Follow Rizzo: https://x.com/pete_rizzo_Follow Supply Shock: https://twitter.com/SupplyShockBWFollow Blockworks: https://twitter.com/Blockworks_The Bitcoin Historian Newsletter: https://bitcoinhistorynewsletter.com/—Join us at Digital Asset Summit 2025 March 18th - 20th. USE CODE SHOCK10 FOR 10% OFF general admission!https://blockworks.co/event/digital-asset-summit-2025-new-york—Bitcoin DeFi is here. Stake, bridge, swap and earn real yield on Core - Bitcoin’s consumer chain and staking layer. Join Ignition and get onchain: ignition.coredao.org/blockworksStake your Bitcoin with Core: stake.coredao.org/blockworksLedger, the global leader in digital asset security, proudly sponsors Supply Shock. As Bitcoin adoption grows, Ledger celebrates 10 years of securing over 20% of the world’s crypto. Buy a LEDGER™ device now for true self-custody and peace of mind in securing your Bitcoin. Devices are also available in Bitcoin orange. For every device ordered in BTC Orange, we’ll donate $5 to brink.dev. Buy now at Ledger.com.Need liquidity without selling your Bitcoin? For 6+ years, Ledn has been the trusted choice for Bitcoin-backed lending. With transparency, security, and trust at our core, we help you access your BTC’s wealth while HODLing. Discover what your Bitcoin can do at ledn.io/borrowing.—Timestamps:(00:00) Introduction(01:47) Trump’s Crypto Reserve Announcement(12:38) Ads (Core, Ledger, Ledn)(14:11) The Case Against ADA, XRP, & SOL(18:38) State-Level Bitcoin Legislation(29:01) Lawmakers' Evolving Understanding of Bitcoin(32:03) Ads (Core, Ledger, Ledn)(36:19) Bipartisanship and Democrat Party Restructuring(46:54) Stablecoin Legislation and Market Structure(51:24) Importance of Bitcoin Rights(56:14) Final Thoughts—Disclaimer: Nothing discussed on Supply Shock should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

In this discussion with Jameson Lopp, co-founder of Casa and a Bitcoin expert, listeners learn why Jack Dorsey is unlikely to be Satoshi Nakamoto. Lopp debunks theories surrounding Dorsey's identity while highlighting the importance of anonymity in Bitcoin's ecosystem. He also discusses rising security threats faced by Bitcoin holders, including kidnapping cases, and shares personal strategies for maintaining security through multi-signature setups. The conversation offers invaluable insights into protecting assets in the ever-evolving crypto landscape.

Felix, the previous host of On The Margin, chats with Pete Rizzo, known as the Bitcoin Historian. They explore Bitcoin’s transformative role in finance and its historical significance amidst growing sovereign adoption. The duo analyzes Bitcoin's four-year cycle, investor behavior, and the potential of Bitcoin to decentralize wealth. They also discuss the rise of meme coins versus foundational principles, and the future currency dynamics as smaller nations embrace Bitcoin. Tune in for insightful perspectives on the evolving cryptocurrency landscape!

The podcast dives into a tumultuous weekend for crypto, highlighting a dramatic liquidation event. Discussions center on Bitcoin's resilience amid an altcoin struggle, and traders are urged to rethink strategies. It explores the 'inverse alt season' and potential shorting opportunities. The impact of trade wars on cryptocurrencies is also scrutinized, linking political maneuvers to market dynamics. Finally, it examines how shifting foreign policy could alter the landscape for Bitcoin and alternative currencies.

Austin Campbell, CEO of WSPN and adjunct professor at NYU Stern, dives into the evolving world of stablecoin regulation under a potential Trump administration. He highlights the importance of bipartisan support for stablecoin legislation and discusses the shifting dynamics between the SEC and CFTC. Austin also critiques the idea of Bitcoin as a national reserve, advocating for traditional fiscal strategies. Additionally, he explores the global adoption of stablecoins and the need for clear regulatory definitions in the market.

Lyn Alden, a renowned finance and economics expert, shares her insights on the current economic tensions stemming from fiscal dominance. She discusses the ineffectiveness of traditional Fed tools against inflation and explores the implications of the debt ceiling on market liquidity. Alden analyzes the shift from short-term to long-duration treasuries and its potential impact. The conversation dives into the complexities of oil production in relation to inflation, and concludes with reflections on the future of the dollar, Bitcoin, and their roles in a changing economic landscape.

James Seyffart, a renowned ETF analyst at Bloomberg Intelligence, dives into the booming world of crypto ETFs. He shares insights on why these investment options are outperforming expectations and how they influence both retail and institutional investors. The discussion covers future ETF filings and the effects of options on Bitcoin's volatility. Seyffart also addresses the regulatory landscape, detailing the challenges facing altcoin ETFs and the implications for investors as we look towards 2025.