Is Bitcoin a Safe Haven? Market Correlation, Gold, and Macro Chaos – The Chopping Block - Ep. 823

Unchained

Laura Shin

News, Tech News, Business News

4.5 • 1.3K Ratings

🗓️ 24 April 2025

⏱️ 68 minutes

🔗️ Recording | iTunes | RSS

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Summary

Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner chop it up about the latest in crypto. In this episode, the crew is joined by special guest Joe Weisenthal, co-host of Bloomberg’s Odd Lots podcast, for a wide-ranging, unfiltered conversation. They dive into whether Bitcoin is becoming digital gold, why Ethereum’s value might be leaking away, and how stablecoins are quietly reshaping global finance. Joe challenges the panel on NFTs, DePIN, and whether any of crypto’s big promises have actually delivered. Plus, they debate the rise of MicroStrategy copycats, the failure of crypto social apps, and why Worldcoin’s orb-pilled vision might actually make sense. Show highlights 🔹 Bitcoin = Safe Haven? – Why BTC is acting like gold in a crisis while ETH and altcoins are tanking 🔹 Ethereum’s Value Leak – Joe questions why ETH hasn’t captured any upside from stablecoins or NFTs 🔹 The MicroStrategy Clone Wars – Solana copycats are trying the Saylor playbook… but will it work? 🔹 Worldcoin’s Creepy Appeal – Joe is orb-pilled: privacy is dead, but proof-of-personhood might just work 🔹 The Freeport Theory of Bitcoin – Could BTC be the decentralized answer to offshore gold storage? 🔹 Are Stablecoins the Eurodollars of Crypto? – Haseeb lays out how stables quietly rewrote the financial system 🔹 Ethereum’s L2 Gamble – The panel debates if Ethereum’s scaling strategy caused value to bleed out 🔹 The DePIN Dilemma – Is decentralized infrastructure a dead-end or just early? Joe wants receipts 🔹 Crypto Social Media? – Joe’s skeptical: why decentralized comms hasn’t clicked yet 🔹 Utopia or Bust? – If crypto’s gonna be this expensive, Joe says it better deliver a better world Hosts ⭐️Haseeb Qureshi, Managing Partner at Dragonfly ⭐️Robert Leshner, CEO & Co-founder of Superstate ⭐️Tarun Chitra, Managing Partner at Robot Ventures ⭐️Tom Schmidt, General Partner at Dragonfly Guest ⭐️ Joe Weisenthal, Editor at Bloomberg Disclosures Timestamps 00:00 Intro 01:57 Bitcoin's Market Behavior 06:53 Bitcoin as a Safe Haven 15:56 Economic Value in Crypto 19:51 Stablecoins, NFTs, and Worldcoin 36:00 Blockchain's Value in Social Networks 41:20 Reality of Crypto Utopias 49:19 The Future of Stablecoins and Regulation 54:54 MicroStrategy and Bitcoin Investments Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	How do you think about what's Bitcoin today?
0:02.0	It really looks like there is at least some element of Bitcoin being a safe haven.
0:10.0	Like if you're like some really rich person somewhere and you look at the world and it's chaotic,
0:16.0	it kind of looks to me like actually maybe people are genuinely viewing it as a haven.
0:21.6	Not a dividend.
0:22.6	It's a tale of two pawn.
0:23.6	Now your losses are on someone else's balance.
0:26.6	Generally speaking, air drops are kind of pointless anyways.
0:29.6	I'm in trading firms who are very involved.
0:31.6	I like that ETH is the ultimate problem.
0:34.6	D5 protocols are the antidote to this problem.
0:38.9	Hello, everybody.
0:39.9	Welcome to the chopping block.
0:41.4	Every couple weeks, the four of us get together and give the industry insider's perspective
0:42.9	on the crypto topics of the day.
0:44.8	So quick intro is first you got Tom,
0:46.1	the Defy Maven, and Master of Memes.
0:47.5	Hello, everyone.
0:48.6	Thanks, we got Robert,
0:49.3	the Cryptoconassur, and Tsar of Super State.
0:51.2	Good afternoon. And we got Tarun, the Gigabrain, and Grand Puba at Gondlet.
0:54.8	You.
	...

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