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/danheld

Follow Rizzo: https://x.com/pete_rizzo_

Follow Supply Shock: https://twitter.com/SupplyShockBW

Follow 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=blockworks

Stake your Bitcoin with Core: https://stake.coredao.org/?utm_source=blockworks&utm_medium=podcast&utm_campaign=blockworks

Ledger, 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.