# Shutdown Shock

URL: /show/this-week-in-bitcoin/80/
> The U.S. shutdown has sidelined a trillion dollars, starving markets and Bitcoin alike. Whales are having their IPO moment, treasury stacks are shrinking, and now BIP-444 drops a fresh dose of chaos into the mix.

- Show: [This Week In Bitcoin](/show/this-week-in-bitcoin/)
- Episode: 80
- Date: 2025-11-05
- Hosts: chris
- Duration: 01:13:14
- Audio: https://feeds.fountain.fm/40huHEEF6JMPGYctMuUI/items/wvsoryUpkV45ETNPa09O/files/AUDIO---DEFAULT---85984428-7c41-41d9-93d2-961ff2099183.mp3


Transcripts: [application/x-subrip](https://feeds.fountain.fm/40huHEEF6JMPGYctMuUI/items/wvsoryUpkV45ETNPa09O/files/AUDIO---TRANSCRIPT---DEFAULT---SRT.srt)




### Episode Links

* 🇺🇸 [Buy Sats on River](https://partner.river.com/jupiter) \- The best way to stack in the US
* 🇨🇦 [The Bitcoin Well](https://www.bitcoinwell.com/jupiter) \- An amazing automatic self-custody Bitcoin platform
* ⚡ [The Bitcoin Company](https://app.thebitcoincompany.com/signup?ref=JUPITER) \- Spending your Bitcoin Via Lightning
* 🏦 [Fold Card](https://use.foldapp.com/r/XNHPXTFC) \- Pay bills Stack Sats
* 💵 [SALT Lending](https://borrower.saltlending.com/register?referralCode=GkPQdbqWG) \- Get access to your BTC Value w/out Selling

**Show Notes**

* [Tomas on X: "OK, lots of bad takes on X over the past few days. ](https://x.com/TomasOnMarkets/status/1985737698158788882)
* [How Bitcoin Liquidity Has Been Affected by the Government Shutdown - Decrypt](https://decrypt.co/347308/bitcoin-liquidity-government-shutdown)
* [Bitcoin’s Silent IPO: Why This Consolidation Isn’t What You Think](https://visserlabs.substack.com/p/bitcoins-silent-ipo-why-this-consolidation)
* [The Truth About Why Bitcoin Isn’t Exploding (Yet) - YouTube](https://www.youtube.com/watch?v=Pry8GotwAeA)
* [Ted on X: "This isn’t a good sign. 🚨 That’s the second Treasury company I’ve seen selling](https://x.com/tedpillows/status/1983276376930312609?s=12&t=E9EIlRX-vHxbQ8g23lQU3A)
* [Cory 🦢 Bitcoin @ ](https://x.com/coryklippsten/status/1985827584073220374)[Swan.com](http://Swan.com)[ on X: Was too leveraged, at nearly 50%. In the initial raise, there was supposed to be significantly more in the PIPE, but at close it was $195M of equity, $189M of debt. Much more flexibility at lower leverage, eg for buybacks." ](https://x.com/coryklippsten/status/1985827584073220374)
* [Could the AI bubble pop? - YouTube](https://www.youtube.com/watch?v=T-26Zv7pVW8)
* [BIP-444 Explained: The Bitcoin Soft Fork Proposal Dividing Developers and the Community](https://finance.yahoo.com/news/bip-444-explained-bitcoin-soft-090206116.html)
* [Reduced Data Temporary Softfork by dathonohm · Pull Request #2017 · bitcoin/bips](https://github.com/bitcoin/bips/pull/2017)
* [The BIP 444 proposal is incredibly bad](https://x.com/BitMEXResearch/status/1982544076672250078)
* [Luke Dashjr on X: if someone mines CSAM, BIP 444 will activate to reject that block. The only way technically to then reject BIP 444 is to add a checkpoint pinning the CSAM in the chain"](https://x.com/lukedashjr/status/1983294294388838477)
* [My Video on BIP-444: Ok, WTF Is going on with BIP-444? I](https://primal.net/e/nevent1qqsq7qq4rrsknjs6r2qlwnc0qn8c04p9p7zchhfd45q2kd7q9dmkr8ghc8gzd)

**Music**

* [Kick It - By: Caroline Hale](https://podcastindex.org/podcast/7294943)