The Jacob Shapiro Podcast “Bitcoin is a Miracle”
Sep 19, 2025
Jacob and Rob delve into the intriguing parallels between today’s political and economic climate and the Roaring Twenties. They discuss the calm in markets despite geopolitical chaos and explore deep challenges like labor shortages and energy infrastructure issues. The conversation highlights the rise of Bitcoin, which Jacob considers a 'miracle,' and debates its role in geopolitics and as a store of value. Additionally, they analyze AI’s adoption trends and the implications for future investments.
AI Snips
Chapters
Transcript
Episode notes
Norway Trip Opens The Conversation
- Rob mentions elk and wildlife during his trip to Norway, setting a casual opening tone.
- The hosts use this catch-up to pivot into markets and geopolitics discussion.
Roaring Twenties Had Dark Realities
- Rob reminds listeners that the 1920s had ugly elements: an anarchist bomb attempt on Wall Street and rural hardship.
- He warns historical memory often romanticizes eras that were actually harmful for many.
Dampen CapEx Plans During Booms
- Damp down optimistic CapEx assumptions and avoid overexpanding capacity based on a temporary boom.
- Prioritize resilience and avoid getting 'over your skis' with irreversible fixed capital and hiring.