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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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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—

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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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

In this episode, we’re back with another Roundup to discuss why Nick Szabo’s latest tweets sparked such backlash. The panel digs into what this controversy reveals about Bitcoin’s culture, from debates over arbitrary data and node responsibility to fears of centralization and social pressure. A sharp look at how technical disagreements can morph into full-blown community rifts and potential legal backlash. Enjoy!

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

—

Timestamps:

(00:00) Introduction

(04:17) Szabo’s Tweets, Ideological Shift & Legal Debates

(15:03) Making Sense of Szabo’s Broader Message

(37:58) Censorship Resistance, Node Design & Decentralization Risks

(41:48) Nodes, Governance, and Bitcoin’s Long-Term Future

(42:29) Government Pressure, Community Responses & Developer Tensions

(49:21) The Knots Movement & Bitcoin’s Cultural Direction

(01:01:11) Building a Stronger Bitcoin Culture

(01:06:32) The Next Wave of Bitcoin Innovation

(01:10:53) 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.

In this episode, John Carvalho joins the show to discuss his unconventional view that Bitcoin’s real bottleneck isn’t technology but trust, challenging the assumptions behind Lightning, layer-two “scaling,” and even the broader cultural narratives about Bitcoin’s future. We also discuss why he believes layers don’t truly scale Bitcoin, how trust dynamics shape every payment system, and why Synonym is building a new framework for peer-to-peer coordination that goes beyond blockchains. Enjoy!

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

—

Timestamps:

(00:00) Introduction

(01:31) Can Lightning Actually Scale?

(12:10) Why Trust Shapes All Bitcoin Scaling

(20:57) Why Trust Shapes All Bitcoin Scaling

(30:19) How Synonym Approaches Bitcoin Scaling

(34:56) Synonym’s Innovations, Tools & Future Roadmap

(37:22) Data Control, Custom Algorithms & Pubkey Protocol

(40:09) E-Commerce, Mobile Wallets & Next-Gen Bitcoin UX

(42:03) Upgrading Nodes & Reinventing the Payment Protocol

(47:19) Trust-Based Scaling: Pros & Cons

(50:57) Rethinking Bitcoin Treasuries

(01:02:24) A Personal Bitcoin Strategy

(01:04:39) 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, Tim Enneking joins the show to discuss why Bitcoin’s recent drawdown isn’t a crash, why the old cycle models are breaking, and how shifting ownership and institutional behavior may be reshaping the entire market. He also digs into who might be selling, where the real catalysts could emerge next, and what long-term investors should keep an eye on. Enjoy!

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

—

Timestamps:

(00:00) Introduction

(02:03) How Bitcoin’s Market Has Evolved

(07:20) Bulls, Bears & the Next Big Move

(09:49) Institutional Flows Reshaping Crypto

(21:20) Is Bitcoin Correlated to Equities?

(23:18) Biggest Bitcoin Catalysts

(27:51) Market Structure & Crypto Banks

(32:58) Strategy Lessons from Market History

(38:50) 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, Bill Tai and George Kikvadze join the show to explore the untold, insider history of Bitcoin mining through the lens of BitFury’s founders, exploring their early struggles, near-death moments, regulatory battles, Silicon Valley skepticism, the birth of ASIC mining, the role of Necker Island gatherings in shaping the industry, and how those lessons inform Bitcoin’s present institutional era and future trajectory. Enjoy!

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

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Timestamps:

(00:00) Introduction

(03:07) New Book: And Then You Win

(05:31) Bill’s Bitcoin Backstory

(12:57) George’s Path Into Bitcoin

(15:43) FG Trailer

(16:56) The Birth of ASICs & Industrial Mining

(25:58) BitFury’s Breakout Moment

(28:20) Mining Challenges & Growing Pains

(30:49) Silicon Valley’s Big Miss

(34:17) Necker Island: Branson, Bitcoin & Bold Ideas

(39:58) Blockchain Summits & Their Industry Impact

(42:13) Today’s Bitcoin Market & The Road Ahead

(47:37) Biggest Bitcoin Advice & Surprises

(54:49) 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

This week, we break down the escalating emergency soft-fork push inside the Bitcoin fork telegram channel, including the bans, inconsistencies, shifting activation plans, and the core dispute over whether a minority can (or should) restrict existing user behavior on Bitcoin. The panel dissects the technical, social, economic, and philosophical stakes, from property-rights violations to purity spirals, UASF fantasies, dangers of rushing consensus, and more. Enjoy!

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Timestamps:

(00:00) Introduction

(02:39) Inside the Bitcoin Fork Telegram

(04:45) Diverging Views on the Fork Proposal

(12:48) Is the Soft Fork Valid?

(14:41) Who Decides Bitcoin’s Future?

(17:17) FG Trailer

(18:29) Economic Consequences of a Forked Bitcoin

(26:24) Miners vs. Nodes

(36:18) Can Bitcoin Maintain Consensus & Network Health?

(37:46) The Hard Part: Technical + Social Coordination

(41:11) Ideology, Philosophy & What Bitcoin Should Be

(43:31) Lessons From Past Fork Fights

(47:41) Who Really Owns Bitcoin?

(01:01:22) Censorship, Neutrality & Network Integrity

(01:06:28) 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, co-creator of Counterparty Adam Krellenstein joins the show to unveil Kontor – a next-generation Bitcoin meta-protocol offering native smart contracts and scalable file storage built directly on Bitcoin. He explains how Kontor builds on the legacy of Counterparty, colored coins, and Ordinals to bring true DeFi to Bitcoin without sidechains. Enjoy!

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

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Timestamps:

(00:00) Introduction

(02:02) Kontor: The Next Bitcoin Meta Protocol

(03:48) Why Bitcoin Needs a Meta Layer Now

(08:05) Smart Contracts, Storage & Kontor’s Design

(13:00) Ethics, On-Chain Activity & Bitcoin’s Moral Debate

(17:43) Launch Playbook & Kontor Tokenomics

(19:36) Kontor’s Scripting Language & Transaction Flow

(25:06) FG Trailer

(26:18) How Data Moves Through Kontor & Bitcoin

(32:06) Building on Bitcoin vs. Alt-L1 Ecosystems

(36:59) Bitcoin’s Next Era: Protocols, Miners & Markets

(47:52) Multiple Implementations & the Future of Consensus

(51:23) Bitcoin Wall Street-ification & Guardrails

(55:18) 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, we sit down with Ledger’s Chief Experience Officer, Ian Rogers, to discuss the launch of the new Ledger Nano Gen 5 and the evolution of Ledger Wallet. We dive into how Ledger is improving hardware wallet usability and the company’s broader vision of securing Bitcoin to enable a full digital value ecosystem. Enjoy!

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

—

Timestamps:

(00:00) Introduction

(01:39) Ledger’s Evolution & Innovations

(03:47) Security Meets Usability

(04:54) Inside Ledger’s New Products

(06:24) UX, Adoption & Market Growth

(12:28) Who is the Ledger User?

(15:45) Understanding Hard Wallets

(18:43) FG Trailer

(19:58) The Future of Ledger & Multisig

(27:37) Bitcoin Gifting & Ledger’s Mission

(32:04) 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