Uploaded July 2025 | Updated September 2026, 38 minutes ago
In this episode, Maple Finance CEO Sidney Powell joins the show to discuss the evolving market for earning yield on Bitcoin. We explore the rise of Bitcoin treasury companies like MicroStrategy, the differences between capital structure-based returns and real onchain yield, and the role of staking and DeFi in delivering Bitcoin-native returns. Sid breaks down the risk profiles between tokenization and securitization, discusses Bitcoin Layer 2 competition, and shares why Maple is betting on the emergence of a Bitcoin yield ecosystem. Enjoy!
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Supply Shock Newsletter: blockworks.co/newsletter/supplyshock
Supply Shock Survey: bitcoinhistorynl.beehiiv.com/forms/979475d9-fb4b-4c13-99af-5037dd5718c6
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Join us at Digital Asset Summit in London October 13-15. Use code SUPPLY100 for $100 OFF
blockworks.co/event/digital-asset-summit-2025-london
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Ledn is the leading platform for Bitcoin-backed loans, offering a secure and transparent way to unlock liquidity without selling your Bitcoin. Ledn has issued over $9 billion in loans since 2018 and has never lost a single satoshi of client assets, earning a reputation as the name you can trust in the crypto space.
Visit ledn.io to learn more.
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Timestamps:
00:00 Introduction
01:31 Earning Yield with Your BTC
03:58 Bitcoin Treasury Companies vs Maple
12:03 Securitization vs Tokenization
12:52 Ledn Ad
13:31 Securitization vs Tokenization
15:15 Maple’s Target Market
18:40 Appealing to Bitcoiners
22:46 Layer 2 Ecosystems
26:22 Ledn Ad
27:09 Will Bitcoin Have a Killer App?
29:10 Building off of Bitcoin
31:06 Bitcoin’s Long-Term Security Problem
33:38 Different Ways to Generate BTC Yield
35:35 Moving to a Multi-Blockchain World?
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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, Maple Finance CEO Sidney Powell joins the show to discuss the evolving market for earning yield on Bitcoin. We explore the rise of Bitcoin treasury companies like MicroStrategy, the differences between capital structure-based returns and real onchain yield, and the role of staking and DeFi in delivering Bitcoin-native returns. Sid breaks down the risk profiles between tokenization and securitization, discusses Bitcoin Layer 2 competition, and shares why Maple is betting on the emergence of a Bitcoin yield ecosystem. Enjoy!
—
Follow Sid: https://x.com/syrupsid
Follow Rizzo: https://x.com/pete_rizzo_
Follow Supply Shock: twitter.com/SupplyShockBW
Follow Blockworks: twitter.com/Blockworks_
Supply Shock Telegram: https://t.me/+SpmLg6P_QcgxNDcx
Supply Shock Newsletter: blockworks.co/newsletter/supplyshock
Supply Shock Survey: bitcoinhistorynl.beehiiv.com/forms/979475d9-fb4b-4c13-99af-5037dd5718c6
—
Join us at Digital Asset Summit in London October 13-15. Use code SUPPLY100 for $100 OFF
blockworks.co/event/digital-asset-summit-2025-london
—
Ledn is the leading platform for Bitcoin-backed loans, offering a secure and transparent way to unlock liquidity without selling your Bitcoin. Ledn has issued over $9 billion in loans since 2018 and has never lost a single satoshi of client assets, earning a reputation as the name you can trust in the crypto space.
Visit ledn.io to learn more.
—
Timestamps:
00:00 Introduction
01:31 Earning Yield with Your BTC
03:58 Bitcoin Treasury Companies vs Maple
12:03 Securitization vs Tokenization
12:52 Ledn Ad
13:31 Securitization vs Tokenization
15:15 Maple’s Target Market
18:40 Appealing to Bitcoiners
22:46 Layer 2 Ecosystems
26:22 Ledn Ad
27:09 Will Bitcoin Have a Killer App?
29:10 Building off of Bitcoin
31:06 Bitcoin’s Long-Term Security Problem
33:38 Different Ways to Generate BTC Yield
35:35 Moving to a Multi-Blockchain World?
—
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
