In this episode, Rizzo is interviewed by Tyler Rowe from Treasury Orange to explore how Bitcoin’s narrative is shifting from grassroots rebellion to corporate balance sheets, why Bitcoin treasuries have become the defining theme of this cycle, how figures like Michael Saylor reframed Bitcoin for institutions, and what this means for payments, capital markets, and the next decade of adoption. Enjoy!

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Timestamps:

(00:00) Introduction

(00:50) Rizzo & His Coverage of Bitcoin’s Story

(03:50) Adoption of Bitcoin As Payments & Prevailing Store of Value Narrative

(05:48) Corporate Adoption and the Future of Bitcoin

(09:47) Bitcoin’s Shift from Counterculture to Mainstream Finance

(17:19) Which Bitcoin Treasury Strategy Will Win Out Next?

(24:48) Navigating Financial Metrics and Data in Bitcoin Companies

(28:54) The Yin and Yang of Individual and Corporate Bitcoin Ethos

(34:05) XXI: Jack Mallers x Tether x Softbank Treasury Company

(37:03) Block’s (Square) Entrance Into ASIC Hardware Design

(38:27) Preferred Equity Models and Market Sentiment

(41:11) Strategy Bitcoin Holdings Projection For 2026

(42:45) Final Thoughts

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Disclaimer: Nothing said on Supply Shock is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed.

#Bitcoin #Crypto #SupplyShock

In this episode, John Carvalho returns to challenge prevailing assumptions about Bitcoin governance, scaling, and maximalism, arguing that many current debates are distractions from Bitcoin’s core constraints. We explore his framework for understanding blockspace, protocol subjectivity, and why he believes future changes to Bitcoin may be far harder than most expect. Enjoy!

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Follow John: https://x.com/BitcoinErrorLog

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Follow Blockworks: https://twitter.com/Blockworks_

Supply Shock Telegram: https://t.me/+SpmLg6P_QcgxNDcx

—

Timestamps:

(00:00) Introduction

(01:46) 2025 Wins & Misses

(07:48) What Drives Rates In 2026

(13:00) Grayscale Ad

(13:37) Inflation Deep Dive

(18:47) Labor Market & Housing

(22:59) The K-Shaped Fed Cycle

(29:50) Grayscale Ad

(30:37) Fed Balance Sheet

(35:06) Active Treasury Issuance

(37:46) Equities In 2026

(45:20) Commodities Heating Up

(48:13) Final Thoughts

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Disclaimer: Nothing said on Supply Shock is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed.

#Bitcoin #Crypto #SupplyShock

In this episode, Nolan Bauerle joins the show to discuss Bitcoin entering a new phase where politics, Wall Street, and nation-states reshape its trajectory. We explore why this cycle disappointed expectations, how ETFs and financial engineering changed the game, and why 2026 may matter most for Bitcoin’s next act. Enjoy!

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Follow Nolan: https://x.com/countbtc

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Follow Blockworks: https://twitter.com/Blockworks_

Supply Shock Telegram: https://t.me/+SpmLg6P_QcgxNDcx

—

Timestamps:

(00:00) Introduction

(03:04) Washington, Power & Bitcoin’s Policy Shift

(07:36) Bitcoin’s Strategy After A Disappointing Cycle

(08:58) Wall Street’s Growing Grip On Bitcoin

(17:56) Forecasts, Control & Credibility

(25:54) ETFs & The Financialization Of Bitcoin

(28:19) Nation-States, Power Competition & Bitcoin Adoption

(29:27) AI & The New Monetary Arms Race

(34:05) Elon Musk, Narrative Power & Tech Influence

(37:57) Meme Coins, Tokenization & The Speculation Cycle

(41:00) Bitcoin 2026: Cities, Sovereignty & Scale

(45:41) Final Thoughts

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Disclaimer: Nothing said on Supply Shock is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed.

#Bitcoin #Crypto #SupplyShock

In this episode, Rob Hamilton joins to discuss Bitcoin entering a new phase shaped by institutions, politics, and infrastructure. We explore what 2025 revealed about Bitcoin’s power shifts, cultural fractures, and unresolved questions heading into 2026. Enjoy!

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Follow Rob: https://x.com/Rob1Ham

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Follow Blockworks: https://twitter.com/Blockworks_

Supply Shock Telegram: https://t.me/+SpmLg6P_QcgxNDcx

—

Timestamps:

(00:00) Introduction

(02:42) Inside the Bitcoin Treasury Playbook

(03:50) Political Shifts Reshaping Bitcoin

(13:07) AI Mining Revolution & Breakthroughs

(24:19) Bitcoin Meets Real Estate

(26:46) New Entrants & Public-Market Momentum

(27:53) Treasury Firms, Flows & Market Positioning

(28:45) Consolidation Waves & New Launches

(30:50) Innovation Cycles & Bitcoin Community

(32:36) Fork Proposals & Community Fractures

(42:47) Big Calls on Bitcoin’s Future

(48:19) Crypto & Stablecoins

(50:37) Final Thoughts

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Disclaimer: Nothing said on Supply Shock is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed.

#Bitcoin #Crypto #SupplyShock

In this episode, Blockspace Baron joins the show to deep dive into a contrarian Bitcoin thesis: treating block space itself as a scarce, financial asset. We explore why Blockspace Baron is aggressively acquiring it, how inscriptions and tokens reframe fee economics, and what this could mean if transaction fees rise. Enjoy!

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Follow Blockspace Baron: https://x.com/MrBeastBitcoin

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

Follow Blockworks: https://twitter.com/Blockworks_

Supply Shock Telegram: https://t.me/+SpmLg6P_QcgxNDcx

—

Timestamps:

(00:00) Introduction

(01:48) Blockspace, Ordinals & Bit Bars

(04:01) How Blockspace Tokens Are Bought & Valued

(05:44) Challenges & the Future of Blockspace

(13:58) The Long-Term Vision for Blockspace Tokens

(20:58) BIT Bars, Meme Culture & Gentleman Club Phenomenon

(22:35) The Economics of Blockspace

(28:30) Blockspace Tokens & What Comes Next

(35:45) Final Thoughts

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Disclaimer: Nothing said on Supply Shock is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed.

#Bitcoin #Crypto #SupplyShock

In this episode, Natalie Brunell unpacks how Bitcoin reframes money, incentives, and opportunity in a world where inflation and broken systems quietly shape daily life. We also discuss why Bitcoin is apolitical and a universal antidote to the broken American dream. Enjoy!

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Follow Natalie: https://x.com/natbrunell

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Follow Blockworks: https://twitter.com/Blockworks_

Supply Shock Telegram: https://t.me/+SpmLg6P_QcgxNDcx

—

Timestamps:

(00:00) Introduction

(01:48) Bitcoin Is For Everyone

(07:15) The Writing Process

(10:15) Book Vision & Audience

(14:10) Natalie’s Coin Story

(16:34) Encouraging Friends & Family

(18:53) Bitcoin Is A Universal Antidote

(23:17) What 2026 Holds for Bitcoin

(26:08) Sentiment & Narratives

(28:26) The Institutionalization Of Bitcoin

(32:33) Bitcoin Risks & Concerns

(35:20) Final Thoughts

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Disclaimer: Nothing said on Supply Shock is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed.

#Bitcoin #Crypto #SupplyShock

In this episode, Jameson Lopp returns to discuss Bitcoin’s muted 2025 cycle, the shifting power from retail to institutions, and the messy but necessary evolution of Bitcoin’s development, governance, and blockspace economics. We also explore Zcash’s unexpected resurgence, the risks and realities of future forks, and what truly threatens Bitcoin heading into 2026. Enjoy!

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Follow Jameson: https://x.com/lopp

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

Follow Blockworks: https://twitter.com/Blockworks_

Supply Shock Telegram: https://t.me/+SpmLg6P_QcgxNDcx

—

Timestamps:

(00:00) Introduction

(01:44) Bitcoin Cycles vs Institutions

(07:35) Bitcoin as Hedge, Asset, and Narrative

(09:22) State of Bitcoin Development

(11:23) Protocol Wars and Bitcoin's Future

(28:38) Privacy Innovations and Zcash

(36:05) Institutional Bitcoin Adoption Accelerates

(45:13) Regulation’s Expanding Role in Bitcoin

(49:45) The Road to Merchant Adoption

(52:26) Top Risks for Bitcoin Heading Into 2026

(54:54) Final Thoughts

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Disclaimer: Nothing said on Supply Shock is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed.

#Bitcoin #Crypto #SupplyShock

In this episode, Jimmy from Smashtoshi joins the show to discuss its multi-year project to preserve Bitcoin’s history. We discuss how early communities shaped the network’s identity, how Bitcoin’s story blends technology with social movements, and why today’s institutional wave risks overshadowing the ideals that built it. Enjoy!

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Follow Smashtoshi: https://x.com/bysmashtoshi

Book Auction: https://shop.historyofbitcoin.io/first-edition

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

Follow Blockworks: https://twitter.com/Blockworks_

Supply Shock Telegram: https://t.me/+SpmLg6P_QcgxNDcx

—

Timestamps:

(00:00) Introduction

(01:36) Smashatoshi’s History of Bitcoin

(04:52) Becoming a Bitcoin Historian

(07:15) Uncovering Bitcoin’s Early History

(07:39) Bitcoin’s Cultural & Social Shift

(09:42) Bitcoin’s Financial Evolution

(15:42) Where Bitcoin Is Heading Next

(24:52) Final Thoughts

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Disclaimer: Nothing said on Supply Shock is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed.

#Bitcoin #Crypto #SupplyShock

In this episode, John Fakhoury joins the show to discuss Bitcoin’s “missing bull market,” how Bitcoin is becoming a global macro asset, why institutions can no longer ignore it, and why hype-driven treasury companies and altcoins are facing a harsh reality check. We also explore what could drive the next phase of adoption, what 2026 may bring, and why Bitcoin might reach its next milestone in a far quieter (and more powerful) way than anyone expects. Enjoy!

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Follow John: https://x.com/PayItForwardDad

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Follow Blockworks: https://twitter.com/Blockworks_

Supply Shock Telegram: https://t.me/+SpmLg6P_QcgxNDcx

—

Timestamps:

(00:00) Introduction

(01:57) Is the Bitcoin Cycle Broken?

(09:05) The Rise & Risk of Corporate Bitcoin

(13:31) Hard Truths About This Market

(19:42) Bitcoin’s Path to the Index Era

(22:21) The Mood Shift Under the Surface

(24:43) What the Fed Means for Crypto

(27:00) The Great Altcoin Reckoning

(30:36) Stablecoins Become Infrastructure

(33:20) Bitcoin’s Real Stress Test Ahead

(36:29) Culture, Capital & the Next Cycle

(41:06) Final Thoughts

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Disclaimer: Nothing said on Supply Shock is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed.

#Bitcoin #Crypto #SupplyShock

In this episode, Alexandre Laizet explains why Bitcoin price can stall despite record institutional interest, what’s really driving volatility behind the scenes, and how Bitcoin treasury companies fit into the next phase of adoption. We also dig into why “the setup has never been more bullish,” how Wall Street treats Bitcoin as (not yet) money, and what investors can expect heading into 2026. Enjoy!

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Follow Alex: https://x.com/AlexandreLaizet

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

Follow Blockworks: https://twitter.com/Blockworks_

Supply Shock Telegram: https://t.me/+SpmLg6P_QcgxNDcx

—

Timestamps:

(00:00) Introduction

(01:48) Why Isn’t BTC Higher?

(07:02) Is Bitcoin Being Manipulated?

(17:45) The Role of BTC Treasury Companies

(24:39) Why Buy Treasury Companies?

(34:02) Biggest Bitcoin Catalysts

(38:58) How Does Bitcoin Recover?

(44:24) Final Thoughts

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Disclaimer: Nothing said on Supply Shock is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed.

#Bitcoin #Crypto #SupplyShock