Why Wrapped Energy or Compute Will Be the New Store of Value: Bits + Bips

Unchained

Laura Shin

News, Business News, Tech News

4.6 • 1.3K Ratings

🗓️ 7 May 2026

⏱️ 60 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Missiles in the Strait of Hormuz. Brent jumps 5%. Bitcoin breaks through $80. The Bits + Bips crew reads the geopolitical tape — and explains why crypto is shrugging it off. --- Thank you to our sponsor! Coinbase One — coinbase.com/unchained Heads up! If you haven’t yet, be sure to subscribe to Bits + Bips, since the show will migrate there in a few weeks. Follow us on ⁠⁠⁠⁠Apple Podcasts⁠⁠⁠⁠, ⁠⁠⁠⁠YouTube⁠⁠⁠⁠, ⁠⁠⁠⁠Spotify⁠⁠⁠⁠, ⁠⁠⁠⁠X⁠⁠⁠⁠, ⁠⁠⁠⁠Unchained⁠⁠⁠⁠ and wherever you get your podcasts. ---- Iranian cruise missiles struck commercial vessels in the Strait of Hormuz, Brent jumped 5%, and Bitcoin broke through $80 — all in the same day. The Bits + Bips crew unpacks what the escalation means for crypto and macro positioning, why Ram stays bullish, and whether Paul Tudor Jones is right that Bitcoin is now the best inflation hedge. They also break down the Clarity Act’s yield compromise — with Circle up 16% — and why Austin argues banks may have handed asset managers a structural win. Finally, a U.S. court filing targeting Arbitrum’s frozen North Korean funds raises a bigger question: can you serve legal papers on code, and what does that mean for DAO governance? Austin Campbell, Ram Ahluwalia, and Chris Perkins break it all down. Hosts: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Austin Campbell (@austincampbell) — Founder, Zero Knowledge Consulting; Adjunct Professor, NYU Stern ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Ram Ahluwalia⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, Co-Host, CEO of Lumida ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Chris Perkins⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, Co-Host, CEO of 250 Digital Asset Management Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hey everyone, welcome to Bits and Bips, where we explore how crypto and macro collide one basis point at a time.
0:09.0	As always, we're here to discuss the latest stories in the worlds of crypto and macro, but before we begin, a quick commercial break.
0:18.0	If you've been loving Bits and Bips, don't forget that the show is transitioning to its own fees on X, YouTube, and your favorite podcast player. If you're not already subscribe to bits and bips on its own channel, go there now and hit that subscribe button. You can keep up with our twice weekly live streams and macro-mead's crypto breakdowns. Bits and Bits and this will only be on the uncheon fee for a few more weeks. So subscribe today to be ready for launch.
0:38.8	You can get all the links at unchaincrypto.com slash this and this.
0:47.8	All right, everybody.
0:49.4	Welcome back.
0:50.7	I am your host, Austin Campbell, high scholar of Zero Knowledge, here with my co-hosts,
0:56.4	Ram Al-Alawalia, Maester of Wealth, the leader of Lumida, and Chris Perkins, the golden hand now of
1:03.0	250 digital asset management. We're going to start today with what I think is perhaps unsurprisingly
1:09.9	the top news of the day, which is that
1:12.1	Iran, the technician, but not awesome. It's more moves. So the latest from the straight.
1:21.0	Iran fired cruise missiles at commercial vessels in the strait, and allegedly U.S. Navy warships.
1:29.2	I'm not getting any audio.
1:30.7	Sentcom says no hits, and the Iranian state media claims otherwise.
1:37.7	Tehran says that Trump's Project Freedom and Naval Escort Mission violates the ceasefire. The South Korean Ministry of Foreign Affairs
1:47.3	allegedly confirmed a Korean vessel was struck by Iranian fire today in the strait. The U.S. Navy has
1:54.2	fired on and sank multiple Iranian small boats after they attempted to interdict efforts to break the
2:00.7	blockade. And Iran fired missiles at the UAE, striking on. Iranian small boats after they attempted to interdict efforts to break the blocked aid.
2:02.2	And Iran fired missiles at the UAE, striking the Fujaira oil industry zone, which, to be clear,
2:08.6	is the primary export terminal on the Gulf of Oman that bypasses the Strait of Hormuz.
2:15.2	It was on fire earlier today, sparking rumors that the UAE and
2:18.7	allies may retaliate. So the market, unsurprisingly, not super happy. Brent was up 5% to about 114,
	...

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