Uploaded June 2025 | Updated September 2026, 1 day ago

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In this clip, Adam Back explains why companies holding cash are failing shareholders, how Bitcoin has become the new "hurdle rate" for capital allocation, and why the MicroStrategy model represents a scalable arbitrage that public companies are now racing to replicate.
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Full Interview:
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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.

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