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Hey, everyone.

Welcome to bits and bibs, where we explore how crypto and macro collide one basis point at a time.

I'm your host, Austin Campbell, High Scholar of Zero Knowledge Consulting, here with my host,

Rahm Al-Alawalia, Maester of Wealth, Leader of Lumina, and Chris Perkins, the Golden Hand of Coin Fund.

Today, we have a very special guest, James Spider-Marks.

He is currently the head of geopolitical strategy at Academy Securities, and prior to that, had over a 30-year career in the Army,

including his senior intelligence officer in the L.A. riots, the Balkans, Korea, and

Operation Iraqi Freedom. He culminated his career as the commanding general of the US Army Intelligence Center in school at Fort Wachuka, Arizona.

So before we begin, as always, I have to say nothing we say here is investment advice.

Check unchained crypto.com slash bips and bips for more disclosures. And before we begin, a quick word from one of our sponsors.

Quick note before we get into today's episode. Bits and Bips now has its dedicated feed. We're

spinning off from the Unchained feed and moving to a new podcast and YouTube channel. So if you want to

keep up with our weekly live streams and macro meets crypto breakdowns, make sure sure to subscribe to bits and bips directly. We won't publish there until

March, but subscribe today so you can be ready for launch. Be sure to subscribe to the new feeds

at unchained crypto.com slash bits and bits. So there's only one place to begin right now, and that's Iran.

Up until recently, the Strait of Hormuz has been effectively closed,

though perhaps we're seeing some ship traffic slip through today.

And we're going to look at everything that's been happening on the ground,

...