Uploaded December 2025 | Updated September 2026, 7 hours ago

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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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Timestamps:
00:00 Introduction
00:59 Bitcoin Cycles vs Institutions
06:58 Bitcoin as Hedge, Asset, and Narrative
08:47 State of Bitcoin Development
10:55 Protocol Wars and Bitcoin's Future
19:33 Forking Bitcoin and UASF Debate
28:33 Privacy Innovations and Zcash
36:08 Institutional Bitcoin Adoption Accelerates
45:29 Regulation’s Expanding Role in Bitcoin
50:07 The Road to Merchant Adoption
52:54 Top Risks for Bitcoin Heading Into 2026
55:29 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