When Shift Happens Podcast

Hosted by Kevin Follonier

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177

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Jun 2026

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About the show

I sit down every week with the most based people in crypto. My goal is to create a safe space to have the deepest and most real conversations with the biggest builders and investors in the industry, as well as to help educate the mainstream people, politicians, celebrities and big Web2 entrepreneurs coming into Web3. Hopefully this platform does its little part in onboarding as many people as possible into the incredible world of opportunities that Web 3 offers, while staying true to crypto’s core values and ethos. Thank you for watching.

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June 1, 2026Episode 1741 hr 15 min

E174: Tarek Mansour, Kalshi CEO: Why Prediction Markets Are the Future of Investing

Tarek Mansour is the co-founder and CEO of Kalshi, the largest federally regulated prediction market exchange in the US - valued at $2 billion and backed by some of the world's top investors.THE SHIFT NEWSLETTER💡Go beyond the mic - subscribe to The Shift, my new weekly newsletter where I share the uncut stories, raw takes, and behind-the-scenes notes from When Shift Happens: https://www.kevinfollonier.com/crypto-web3-newsletter___________PARTNERS🚀 Jupiter is the most used Decentralized Exchange in Crypto and the largest DEX by volume on Solana: https://jup.ag/💳 KAST lets you manage and spend stablecoins or crypto with a Visa Card or Apple Pay. Live in 100+ countries - Get $20 Signup Bonus - https://go.kast.xyz/VqVO/SHIFT - promo code: SHIFT🔓 Trezor offers the safest cold-storage wallets for crypto and true financial independence. Buy with 10% off - promo code: WSH10 - https://affil.trezor.io/SH12h🌱 Bitwise Asset Management manages $15B+ across 30+ crypto investment products — ETFs, index funds, alpha, staking, and more. https://bitwiseinvestments.com/⚖️ Ethena is a synthetic dollar protocol on Ethereum, offering a crypto-native, non-bank-dependent stablecoin called USDe. It uses a delta-neutral hedging strategy with staked ETH to maintain a $1 peg. https://ethena.fi/🔒Sumsub is the leading full-cycle verification platform for the crypto industry, chosen by 8 out of 10 of the world’s largest exchanges. From instant KYC and KYB to automated crypto transaction monitoring, they help VASPs, exchanges, and DeFi platforms prevent fraud, stay compliant, and scale globally. Download the Sumsub Crypto Industry Report 2026 here: https://sumsub.link/osb♾️ Coinsilium provides vital funding and expert advice to Web3 and AI-powered early-stage technology companies. https://www.coinsilium.com___________CONNECT WITH TAREK MANSOUR👇Twitter: https://x.com/mansourtarek_Twitter: https://x.com/KalshiWebsite: https://kalshi.com/FOLLOW WHEN SHIFT HAPPENSTwitter (X): https://x.com/KevinWSHPod Instagram: https://www.instagram.com/kevinfollonier_ Linkedin: https://www.linkedin.com/in/kevinfollonier/Website: https://kevinfollonier.com/DISCLAIMERThe info contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal, or tax advice. The content of this video is solely the opinions of the speakers who are not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speakers do not guarantee any particular outcome.0:00 Introduction3:11 Where The Anime Passion Comes From4:01 How Tarek Is Doing4:53 Who Is Tarek7:02 Which Version Of Uncertainty Is Tarek A Fan Of9:10 Where Tarek’s Fire In The Belly Comes From13:33 Partnerships: @Trezor @BitwiseInvest14:20 What Tarek’s Brother Does15:19 Why Tarek’s Resilience Is Crazy16:31 Why Is Entrepreneurship Like Therapy22:16 Is Tarek Mad, Crazy, Or In Denial24:45 Would Tarek Have Ever Given Up Earlier?29:54 Partnerships: @KASTxyz @sumsub31:19 How To Focus On Inputs, Not Results33:16 When Did Kalshi Come Into Existence36:00 What’s The True Innovation Of Prediction Markets38:28 How Prediction Markets Revolutionize The Media43:47 How Are Prediction Markets A Better Insurance44:55 Why Is There No Leverage In Prediction Markets47:16 Partnerships: @JupiterExchange @Ethena48:00 Tarek’s Opinion On Insider Trading51:19 Who Enforces The Insider Trading Rules55:26 How Kalshi Surveys Suspicious Behavior56:59 Tarek’s Honest View On Crypto59:41 Why Kalshi Is Launching Regulated Perps In The U.S1:00:30 What Does Regulated Perps Mean?1:02:22 Was Kalshi Inspired By HyperLiquid 1:03:41 How Much Time Does Tarek Look At Competition1:05:58 What’s The Endgame For Kalshi1:07:06 What Does Tarek Do With A Billion Dollars1:08:31 Is Tarek Happy1:13:08 One Thing Tarek Should Let Go Of1:14:18 Closing Thoughts

May 29, 2026Episode 1731 hr 23 min

E173: Raoul Pal: The AI Race Will Make Crypto Holders Rich

Raoul Pal, co-founder of Real Vision, returns to break down why the AI race is the biggest capital event in human history and why crypto holders are positioned to win. THE SHIFT NEWSLETTER💡Go beyond the mic - subscribe to The Shift, my new weekly newsletter where I share the uncut stories, raw takes, and behind-the-scenes notes from When Shift Happens: https://www.kevinfollonier.com/crypto-web3-newsletter___________PARTNERS🚀 Jupiter is the most used Decentralized Exchange in Crypto and the largest DEX by volume on Solana: https://jup.ag/💳 KAST lets you manage and spend stablecoins or crypto with a Visa Card or Apple Pay. Live in 100+ countries - Get $20 Signup Bonus - https://go.kast.xyz/VqVO/SHIFT - promo code: SHIFT🔓 Trezor offers the safest cold-storage wallets for crypto and true financial independence. Buy with 10% off - promo code: WSH10 - https://affil.trezor.io/SH12h🌱 Bitwise Asset Management manages $15B+ across 30+ crypto investment products — ETFs, index funds, alpha, staking, and more. https://bitwiseinvestments.com/⚖️ Ethena is a synthetic dollar protocol on Ethereum, offering a crypto-native, non-bank-dependent stablecoin called USDe. It uses a delta-neutral hedging strategy with staked ETH to maintain a $1 peg. https://ethena.fi/🔒Sumsub is the leading full-cycle verification platform for the crypto industry, chosen by 8 out of 10 of the world’s largest exchanges. From instant KYC and KYB to automated crypto transaction monitoring, they help VASPs, exchanges, and DeFi platforms prevent fraud, stay compliant, and scale globally. Download the Sumsub Crypto Industry Report 2026 here: https://sumsub.link/osb♾️ Coinsilium provides vital funding and expert advice to Web3 and AI-powered early-stage technology companies. https://www.coinsilium.comCONNECT WITH RAOUL👇Twitter: https://x.com/RaoulGMILinkedin: https://www.linkedin.com/in/raoul-pal-real-vision/Instagram: https://www.instagram.com/raoulgmiYouTube: @RaoulPalTJM GET RAOUL PAL’S FREE REPORT AND PREPARE FOR THE NEXT DECADE: https://rvtv.io/3YOZZUeFOLLOW WHEN SHIFT HAPPENSTwitter (X): https://x.com/KevinWSHPod Instagram: https://www.instagram.com/kevinfollonier_ TikTok: https://www.tiktok.com/@kevinfollonier_Linkedin: https://www.linkedin.com/in/kevinfollonier/Website: https://kevinfollonier.com/DISCLAIMERThe info contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal, or tax advice. The content of this video is solely the opinions of the speakers who are not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speakers do not guarantee any particular outcome.0:00 Introduction2:00 Traveling Non-Stop & Kast Card Discussion5:00 What Raoul’s Been Up To The Past 4 Months7:24 Why The Stock Market Never Ceases To Grow10:33 What Is The Economic Singularity?15:03 Partnerships: @Trezor @BitwiseInvest15:49 Is It Still Early To Invest In AI?17:44 Is Crypto Superior To AI Investment Wise19:38 Crypto’s Reasons For Going Up Forever22:54 Bitcoin Going From $126k - $60k Is A Nasty Correction28:35 Why Raoul Started Buying Zcash30:12 What Are The Left & Right Curve Trades?30:47 Partnerships: @KASTxyz @sumsub32:12 How Raoul Thinks About Allocation With Zcash32:59 Raoul’s Thoughts On Hyperliquid & Hype Token41:13 How To Measure Intelligence For Layer Ones45:56 Why DeFi Isn’t Dead According To Raoul51:09 How Do You Structure An NFT Portfolio?56:04 Partnerships: @JupiterExchange @Ethena56:47 Should People Only Focus On The Top Grail NFTs59:35 Raoul’s Plan To Lend Against NFTs1:00:44 Is Bitcoin A Proxy Trade For AI1:02:05 Why You Should Never Sell Unless You Have To1:04:33 The Numbers Behind Buying & Holding vs Trading1:10:47 Raoul’s Advice On Developing Patience1:14:55 Why People Should Stay In Crypto1:17:06 Why There’s Hope For Crypto In 2026 & 20271:22:35 Closing Thoughts

May 21, 2026Episode 1722 hr 16 min

E172: Michael Saylor: How To Get Rich With Crypto (Without Working Hard)

Michael Saylor is the Founder and Chairman of Strategy (formerly MicroStrategy), the world's largest corporate holder of Bitcoin with roughly 818,000 BTC and over $65 billion in capital. After surviving a 99.8% stock collapse that left his company three days from bankruptcy, he rebuilt it into a "reserve bank for Bitcoin" - issuing products like STRC that pay an 11.5% monthly dividend, tax-deferred. In this episode, he breaks down how to build lasting, passive wealth with Bitcoin, why he believes there's no second best in crypto, and why working hard may be the worst financial advice you can follow.THE SHIFT NEWSLETTER💡Go beyond the mic - subscribe to The Shift, my new weekly newsletter where I share the uncut stories, raw takes, and behind-the-scenes notes from When Shift Happens: https://www.kevinfollonier.com/crypto-web3-newsletter___________PARTNERS🚀 Jupiter is the most used Decentralized Exchange in Crypto and the largest DEX by volume on Solana: https://jup.ag/💳 KAST lets you manage and spend stablecoins or crypto with a Visa Card or Apple Pay. Live in 100+ countries - Get $20 Signup Bonus - https://go.kast.xyz/VqVO/SHIFT - promo code: SHIFT🔓 Trezor offers the safest cold-storage wallets for crypto and true financial independence. Buy with 10% off - promo code: WSH10 - https://affil.trezor.io/SH12h🌱 Bitwise Asset Management manages $15B+ across 30+ crypto investment products — ETFs, index funds, alpha, staking, and more. https://bitwiseinvestments.com/⚖️ Ethena is a synthetic dollar protocol on Ethereum, offering a crypto-native, non-bank-dependent stablecoin called USDe. It uses a delta-neutral hedging strategy with staked ETH to maintain a $1 peg. https://ethena.fi/🔒Sumsub is the leading full-cycle verification platform for the crypto industry, chosen by 8 out of 10 of the world’s largest exchanges. From instant KYC and KYB to automated crypto transaction monitoring, they help VASPs, exchanges, and DeFi platforms prevent fraud, stay compliant, and scale globally. Download the Sumsub Crypto Industry Report 2026 here: https://sumsub.link/osb♾️ Coinsilium provides vital funding and expert advice to Web3 and AI-powered early-stage technology companies. https://www.coinsilium.com___________FOLLOW MICHAEL SAYLOR• Twitter: https://x.com/saylor• Twitter: https://x.com/StrategyFOLLOW WHEN SHIFT HAPPENSTwitter (X): https://x.com/KevinWSHPod Instagram: https://www.instagram.com/kevinfollonier_ TikTok: https://www.tiktok.com/@kevinfollonier_Linkedin: https://www.linkedin.com/in/kevinfollonier/Website: https://kevinfollonier.com/DISCLAIMERThe info contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal, or tax advice. The content of this video is solely the opinions of the speakers who are not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speakers do not guarantee any particular outcome.00:00 Intro03:05 Explain what you do to an Uber driver05:35 Advice for Rick, the struggling Uber driver07:07 Who is Michael Saylor?11:02 Sponsors Trezor & Bitwise11:48 Kevin's Business Intelligence Company13:14 Michael's childhood and chip on the shoulder17:56 Has Michael conquered the world yet?19:49 Just because you can, doesn't mean you should28:23 Sponsors Kast, Sumsub30:02 Low time preference and scarcity1:01:31 Should you mortage your house to buy Bitcoin?1:09:50 The great $60B in Bitcoin bet: risks1:15:32 Sponsors Jupiter, Ethena1:16:16 Sell the kidney if you must but keep the Bitcoin1:20:14 What's the endgame for Strategy?1:28:16 Where does Bitcoin price end?1:35:34 Should my mom put her life savings in STRC?1:59:09 Why Michael doesn't have children1:59:44 Why working hard is the worst advice you can get2:07:37 Why THERE IS NO SECOND BEST, there is only one crypto asset2:15:03 Thanking Michael from the whole crypto industry

May 14, 2026Episode 17154 min

E171: Coinsilium CEO: How AI Agents Will Reshape Crypto (And Replace Millions Of Jobs)

Eddie Travia is the co-founder and CEO of Coinsilium Group, the first blockchain company to complete an IPO, and a pioneering crypto investor since 2013.In this episode, Eddie breaks down how AI agents and crypto are converging into a $15 trillion shift that will reshape investing, fundraising, and entrepreneurship - and explains why millions of jobs won't survive the transition.THE SHIFT NEWSLETTER💡Go beyond the mic - subscribe to The Shift, my new weekly newsletter where I share the uncut stories, raw takes, and behind-the-scenes notes from When Shift Happens: https://www.kevinfollonier.com/crypto-web3-newsletter___________PARTNERS🚀 Jupiter is the most used Decentralized Exchange in Crypto and the largest DEX by volume on Solana: https://jup.ag/💳 KAST lets you manage and spend stablecoins or crypto with a Visa Card or Apple Pay. Live in 100+ countries - Get $20 Signup Bonus - https://go.kast.xyz/VqVO/SHIFT - promo code: SHIFT🔓 Trezor offers the safest cold-storage wallets for crypto and true financial independence. Buy with 10% off - promo code: WSH10 - https://affil.trezor.io/SH12h🌱 Bitwise Asset Management manages $15B+ across 30+ crypto investment products — ETFs, index funds, alpha, staking, and more. https://bitwiseinvestments.com/⚖️ Ethena is a synthetic dollar protocol on Ethereum, offering a crypto-native, non-bank-dependent stablecoin called USDe. It uses a delta-neutral hedging strategy with staked ETH to maintain a $1 peg. https://ethena.fi/🔒Sumsub is the leading full-cycle verification platform for the crypto industry, chosen by 8 out of 10 of the world’s largest exchanges. From instant KYC and KYB to automated crypto transaction monitoring, they help VASPs, exchanges, and DeFi platforms prevent fraud, stay compliant, and scale globally. Download the Sumsub Crypto Industry Report 2026 here: https://sumsub.link/osb♾️ Coinsilium provides vital funding and expert advice to Web3 and AI-powered early-stage technology companies. https://www.coinsilium.com___________FOLLOW EDDY TRAVIA• Twitter: https://x.com/eddybitcoin• Twitter: https://x.com/CoinsiliumGroupFOLLOW WHEN SHIFT HAPPENSTwitter (X): https://x.com/KevinWSHPod Instagram: https://www.instagram.com/kevinfollonier_ TikTok: https://www.tiktok.com/@kevinfollonier_Linkedin: https://www.linkedin.com/in/kevinfollonier/Website: https://kevinfollonier.com/DISCLAIMERThe info contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal, or tax advice. The content of this video is solely the opinions of the speakers who are not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speakers do not guarantee any particular outcome.0:00 Introduction1:56 Tea & Coffee Discussion5:25 If Eddy Got $10 Million Today, What Would He Do6:42 Why Does Crypto Make Sense In A World Crisis8:00 Partnerships: @JupiterExchange @KASTxyz8:41 Who Is Eddy Travia?8:57 Why Eddy Backed WSH Early?10:04 What Is Coinsilium Explained Through An Analogy10:40 What Coinsilium Dealt With Last Year13:33 What Did Coinsilium Do Right In 2025 Despite The Criticism17:27 The Yellow Network Bet20:10 Why Yellow Matters?20:46 Partnerships: @Ethena @sumsub21:49 Eddy’s Further Thoughts On The Yellow Investment22:28 Has Anything Good Come Out Of Crypto Lately?24:08 Why You Need To Be A VC To Win In Crypto27:27 How To Play Prediction Markets30:23 How to Position For High-Traction Markets32:55 How The Investor Environment Is Changing40:02 How This Changes Eddy's Investing41:42 What Companies Should Know About The AI Agents Era44:15 How AI Agents Change Fundraising46:08 Should The Crypto Industry Fear The AI Brain Drain48:24 Partnerships: @Trezor @BitwiseInvest49:08 Is Eddy Still Bullish On Crypto?51:03 Is The $1M Bitcoin Dream Dead?53:54 Closing Thoughts

May 7, 2026Episode 1701 hr 13 min

E170: Ethereum Co-Founder: How Big Tech Will Use AI To Control You (And How Crypto Stops It)

Joseph Lubin, co-founder of Ethereum and CEO of Consensys, warns that big tech is racing to build centralized AI systems that could control humans and every system on the planet - and explains why decentralized protocols are the only architecture standing in the way.THE SHIFT NEWSLETTER💡Go beyond the mic - subscribe to The Shift, my new weekly newsletter where I share the uncut stories, raw takes, and behind-the-scenes notes from When Shift Happens: https://www.kevinfollonier.com/crypto-web3-newsletter___________PARTNERS🚀 Jupiter is the most used Decentralized Exchange in Crypto and the largest DEX by volume on Solana: https://jup.ag/💳 KAST lets you manage and spend stablecoins or crypto with a Visa Card or Apple Pay. Live in 100+ countries - Get $20 Signup Bonus - https://go.kast.xyz/VqVO/SHIFT - promo code: SHIFT🔓 Trezor offers the safest cold-storage wallets for crypto and true financial independence. Buy with 10% off - promo code: WSH10 - https://affil.trezor.io/SH12h🌱 Bitwise Asset Management manages $15B+ across 30+ crypto investment products — ETFs, index funds, alpha, staking, and more. https://bitwiseinvestments.com/⚖️ Ethena is a synthetic dollar protocol on Ethereum, offering a crypto-native, non-bank-dependent stablecoin called USDe. It uses a delta-neutral hedging strategy with staked ETH to maintain a $1 peg. https://ethena.fi/🔒Sumsub is the leading full-cycle verification platform for the crypto industry, chosen by 8 out of 10 of the world’s largest exchanges. From instant KYC and KYB to automated crypto transaction monitoring, they help VASPs, exchanges, and DeFi platforms prevent fraud, stay compliant, and scale globally. Download the Sumsub Crypto Industry Report 2026 here: https://sumsub.link/osb♾️ Coinsilium provides vital funding and expert advice to Web3 and AI-powered early-stage technology companies. https://www.coinsilium.com___________FOLLOW JOSEPH LUBIN• Twitter: https://x.com/ethereumJoseph• Twitter: https://x.com/ConsensysFOLLOW WHEN SHIFT HAPPENSTwitter (X): https://x.com/KevinWSHPod Instagram: https://www.instagram.com/kevinfollonier_ TikTok: https://www.tiktok.com/@kevinfollonier_Linkedin: https://www.linkedin.com/in/kevinfollonier/Website: https://kevinfollonier.com/DISCLAIMERThe info contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal, or tax advice. The content of this video is solely the opinions of the speakers who are not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speakers do not guarantee any particular outcome.0:00 Introduction1:55 Kast Card & Hong Kong Discussion3:52 What It Means To Be Meta According To Joe5:35 What Does Joe Do Explained Simply11:53 Partnerships: @JupiterExchange @KASTxyz16:27 The Before & After Of Joe’s Beliefs Post 9/11 Explained18:02 What Does This Negative Or Positive Road Depend On21:55 Why Joe Goes To Many Crypto Conferences23:16 How Did Joe React To Novo’s Article Comment31:14 Partnerships: @Ethena @sumsub32:16 Why Joe Decided To Join Ethereum As A Co-Founder35:03 Why Is Decentralization An Organizing Principle40:32 Explain Consensys To Your Uber Driver42:57 Joe’s Fundamental Belief Of What Blockchain Represents Today46:49 Every Innovation On Technology Brings Side Effects That Should Be Fixed49:33 Partnerships: @Trezor @BitwiseInvest50:17 What’s The Most Incredible, Tangible Thing To Come Out Of Crypto51:43 What Is MetaMask?57:01 How Much Of Joe’s Life Is Lived In This New Financial System59:50 Why Would You Borrow Against A Volatile Asset?1:00:40 Is Self-Sovereignty A Good Or Bad Thing1:05:57 Joe’s Response To People Who Claim Self-Custody Is Too Risky1:06:36 What Could Easier Self-Custody Look Like?1:08:32 Joe’s Relationship With Money1:09:28 How Do People Interact With Money In The Next 10 Years1:12:28 Closing Thoughts

April 30, 2026Episode 16958 min

E169: Bitwise Founder: Why Every Major Bank Is Racing Into Crypto Right Now

Hunter Horsley, co-founder and CEO of Bitwise Asset Management, makes the case that this is the most bullish moment in crypto's entire history - with major banks scrambling to catch up and every structural tailwind pointing in the same direction.From the $400 trillion in global assets beginning to shift toward crypto, to institutions going "zero to 500 miles an hour" on adoption, Hunter breaks down why the new era of crypto is already underway and why it's not too late to be early.THE SHIFT NEWSLETTER💡Go beyond the mic - subscribe to The Shift, my new weekly newsletter where I share the uncut stories, raw takes, and behind-the-scenes notes from When Shift Happens: https://www.kevinfollonier.com/crypto-web3-newsletter___________PARTNERS🚀 Jupiter is the most used Decentralized Exchange in Crypto and the largest DEX by volume on Solana: https://jup.ag/💳 KAST lets you manage and spend stablecoins or crypto with a Visa Card or Apple Pay. Live in 100+ countries - Get $20 Signup Bonus - https://go.kast.xyz/VqVO/SHIFT - promo code: SHIFT🔓 Trezor offers the safest cold-storage wallets for crypto and true financial independence. Buy with 10% off - promo code: WSH10 - https://affil.trezor.io/SH12h🌱 Bitwise Asset Management manages $15B+ across 30+ crypto investment products — ETFs, index funds, alpha, staking, and more. https://bitwiseinvestments.com/⚖️ Ethena is a synthetic dollar protocol on Ethereum, offering a crypto-native, non-bank-dependent stablecoin called USDe. It uses a delta-neutral hedging strategy with staked ETH to maintain a $1 peg. https://ethena.fi/🔒Sumsub is the leading full-cycle verification platform for the crypto industry, chosen by 8 out of 10 of the world’s largest exchanges. From instant KYC and KYB to automated crypto transaction monitoring, they help VASPs, exchanges, and DeFi platforms prevent fraud, stay compliant, and scale globally. https://sumsub.com/♾️ Coinsilium provides vital funding and expert advice to Web3 and AI-powered early-stage technology companies. https://www.coinsilium.com___________FOLLOW HUNTER HORSLEY• Twitter: https://x.com/hhorsley• LinkedIn: https://www.linkedin.com/in/hunter-horsley-11512721FOLLOW BITWISE• Twitter: https://x.com/BitwiseInvest• Website: bitwiseinvestments.comFOLLOW WHEN SHIFT HAPPENSTwitter (X): https://x.com/KevinWSHPod Instagram: https://www.instagram.com/kevinfollonier_ TikTok: https://www.tiktok.com/@kevinfollonier_Linkedin: https://www.linkedin.com/in/kevinfollonier/Website: https://kevinfollonier.com/DISCLAIMERThe info contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal, or tax advice. The content of this video is solely the opinions of the speakers who are not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speakers do not guarantee any particular outcome.0:00 Introduction1:55 Coffee & Swiss People Discussion3:36 Is Hunter The ADHD Guy, The Operator, Or A Mix Of Them Both7:28 Partnerships: @JupiterExchange @KASTxyz8:08 How Hunter’s Relationship With Avichal Led To Bitwise’s Creation11:28 The Advantages Of Being Based In San Francisco17:56 Why Will Crypto Eat Capital Markets In The Next 12 Months21:22 Key Trends Within Institutions That Keep Hunter Optimistic About Crypto’s Future24:19 Partnerships: @Ethena @sumsub25:21 Hunters Response To “I Missed The Bitcoin Opportunity”30:17 Hunter’s Thoughts On Thinking Exponentially About Crypto’s Growth 35:58 How Are People Underestimating Bitcoins Usage Over The Next 10 Years38:24 Crypto Is Creating A New Class That Thinks Differently About Money, Explained46:17 Partnerships: @Trezor @BitwiseInvest47:01 What’s Relevant For 25-50 Year Old Investors who Aren’t Crypto Savvy52:02 Why You Should Watch When Shift Happens57:31 Closing Thoughts

April 23, 2026Episode 1681 hr 7 min

ByBit Founder: I Survived the Biggest Crypto Hack and Still Had My Best Year | E168

Ben Zhou, co-founder and CEO of Bybit, reveals how he led the company back from the biggest crypto theft in history - filling the $1.5 billion hole in just 8 months while still paying bonuses and dividends.THE SHIFT NEWSLETTER💡Go beyond the mic - subscribe to The Shift, my new weekly newsletter where I share the uncut stories, raw takes, and behind-the-scenes notes from When Shift Happens: https://www.kevinfollonier.com/crypto-web3-newsletter___________PARTNERS🚀 Jupiter is the most used Decentralized Exchange in Crypto and the largest DEX by volume on Solana: https://jup.ag/💳 KAST lets you manage and spend stablecoins or crypto with a Visa Card or Apple Pay. Live in 100+ countries: https://go.kast.xyz/VqVO/SHIFT🔓 Trezor offers the safest cold-storage wallets for crypto and true financial independence. Buy with 10% off (promo code in video): https://trezor.io/?transaction_id=102...🌱 Bitwise Asset Management manages $15B+ across 30+ crypto investment products — ETFs, index funds, alpha, staking, and more. https://bitwiseinvestments.com/⚖️ Ethena is a synthetic dollar protocol on Ethereum, offering a crypto-native, non-bank-dependent stablecoin called USDe. It uses a delta-neutral hedging strategy with staked ETH to maintain a $1 peg. https://ethena.fi/🔒Sumsub is the leading full-cycle verification platform for the crypto industry, chosen by 8 out of 10 of the world’s largest exchanges. From instant KYC and KYB to automated crypto transaction monitoring, they help VASPs, exchanges, and DeFi platforms prevent fraud, stay compliant, and scale globally. https://sumsub.com/💧 Sui is a next-gen Layer 1 making digital asset ownership fast, private, and secure. https://sui.io/♾️ Coinsilium provides vital funding and expert advice to Web3 and AI-powered early-stage technology companies. https://www.coinsilium.com___________FOLLOW BEN ZHOU & BYBIT• Twitter: https://twitter.com/benbybit• LinkedIn: https://www.linkedin.com/in/ben-zhou-b979ba28• Twitter: https://twitter.com/Bybit_OfficialFOLLOW WHEN SHIFT HAPPENSTwitter (X): https://x.com/KevinWSHPod Instagram: https://www.instagram.com/kevinfollonier_ Linkedin: https://www.linkedin.com/in/kevinfollonier/Website: https://kevinfollonier.com/DISCLAIMERThe info contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal, or tax advice. The content of this video is solely the opinions of the speakers who are not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speakers do not guarantee any particular outcome.0:00 Introduction1:39 Please Subscribe2:04 Why Ben Is Meeting With Prime Ministers5:52 Partnerships: @JupiterExchange @KASTxyz6:32 The Most Fun Part About Building In Crypto 8:16 Why Ben Would Go On A Podcast 3 Days After Losing $1.5B11:00 How Does ByBit Use AI To Run Their Business17:47 How Do You Measure A $150 Million F1 Sponsorship Deal21:47 Why Did ByBit Sponsor The Stockholm Opens23:07 Why Ben Is So Hands On Consistently With ByBit Decisions25:33 Partnerships: @Ethena @sumsub30:20 Ben’s Message To Anyone Dealing With A Big Crisis36:51 How Big Is ByBit Today In Terms Of Key Numbers37:38 How Do You Take ByBit To The Next Level Beyond39:09 What’s The Endgame For ByBit40:03 What Is Byreal42:34 Does Ben See A World Where DEXes Takeover CEXes43:13 What Is ByBit Doing With Ethena46:05 Ben’s Opinions On Hyperliquid As A Competitor49:34 Partnerships: @Trezor @BitwiseInvest @SuiNetwork50:30 What’s ByBit Doing To Prepare For An AI Driven World56:57 What Makes Ben Happy57:21 Does Ben Feel Happier Now That He’s Worth A Lot Of Money58:30 One Thing Ben Is Holding Onto That He Should Let Go Of59:04 What Ben Does With His Money Investing Wise1:02:58 One Thing Ben’s Learned That You Can Takeaway Today1:04:11 Who Is Ben Zhou1:06:20 Closing Thoughts

April 16, 2026Episode 1671 hr 18 min

E167: Bitwise Advisor: Why Buying a House Is the Worst Investment You Can Make

Jeff Park is a macro strategist and Bitwise advisor who believes the financial system is broken beyond repair for young people - from unaffordable housing to AI displacing an entire generation's jobs. He breaks down why real estate is actually a depreciating asset, why Bitcoin is the ultimate escape, and how AI will ignite the biggest wave of Bitcoin adoption the world has ever seen.THE SHIFT NEWSLETTER💡Go beyond the mic - subscribe to The Shift, my new weekly newsletter where I share the uncut stories, raw takes, and behind-the-scenes notes from When Shift Happens: https://www.kevinfollonier.com/crypto-web3-newsletter___________PARTNERS🚀 Jupiter is the most used Decentralized Exchange in Crypto and the largest DEX by volume on Solana: https://jup.ag/💳 KAST lets you manage and spend stablecoins or crypto with a Visa Card or Apple Pay. Live in 100+ countries: https://go.kast.xyz/VqVO/SHIFT🔓 Trezor offers the safest cold-storage wallets for crypto and true financial independence. Buy with 10% off (promo code in video): https://trezor.io/?transaction_id=102...🌱 Bitwise Asset Management manages $15B+ across 30+ crypto investment products — ETFs, index funds, alpha, staking, and more. https://bitwiseinvestments.com/⚖️ Ethena is a synthetic dollar protocol on Ethereum, offering a crypto-native, non-bank-dependent stablecoin called USDe. It uses a delta-neutral hedging strategy with staked ETH to maintain a $1 peg. https://ethena.fi/🔒Sumsub is the leading full-cycle verification platform for the crypto industry, chosen by 8 out of 10 of the world’s largest exchanges. From instant KYC and KYB to automated crypto transaction monitoring, they help VASPs, exchanges, and DeFi platforms prevent fraud, stay compliant, and scale globally. https://sumsub.com/💧 Sui is a next-gen Layer 1 making digital asset ownership fast, private, and secure. https://sui.io/♾️ Coinsilium provides vital funding and expert advice to Web3 and AI-powered early-stage technology companies. https://www.coinsilium.com___________Follow Jeff Park• Twitter: https://x.com/dgt10011• Twitter: https://x.com/Bitwise• Website: https://substack.com/@jeffpark1FOLLOW WHEN SHIFT HAPPENSTwitter (X): https://x.com/KevinWSHPod Instagram: https://www.instagram.com/kevinfollonier_ TikTok: https://www.tiktok.com/@kevinfollonier_Linkedin: https://www.linkedin.com/in/kevinfollonier/Website: https://kevinfollonier.com/DISCLAIMERThe info contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal, or tax advice. The content of this video is solely the opinions of the speakers who are not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speakers do not guarantee any particular outcome.0:00 Introduction1:33 Please Subscribe1:59 Jeff & Kevin’s Fitness Discussion6:15 Who Is Jeff Park?8:03 Partnerships: @JupiterExchange @KASTxyz8:43 How Diversity In America Can Be A Strength & Weakness?12:28 What We’re Seeing Today From A Broken Financial System25:28 How Does Someone Combat This Home Buying Investment Crisis?28:46 Why Bitcoin Solves This K-Shaped Wealth Problem32:15 Partnerships: @Ethena @sumsub33:17 The Intelligent Investor Framework Explained 37:20 What Does The Ideological Investor Do?40:35 How Data Plays A Huge Role In Wealth Creation47:01 What Tokenization Brings To The Investing Space48:09 Is Investing Now Off Limits For Average People?50:06 Partnerships: @Trezor @BitwiseInvest @SuiNetwork1:02:04 The Occupy AI Moment That’ll Turn GenZ & Gen Alpha Into Bitcoiners Explained1:05:36 How Is Bitcoin The Answer When Everything Else Gets Abandoned1:10:26 Jeff’s Thoughts On “Is It Too Late” For People To Invest In Bitcoin1:12:36 Should Someone Be More Offensive Using Bitcoin In Their Portfolio1:15:49 How Jeff Prepares His Kids For This Occupy AI Future1:17:50 Closing Thoughts

April 9, 2026Episode 1651 hr 25 min

E166: Bitget CEO From Divorced Single Mom to Running a $20B/Day Crypto Exchange

Gracy Chen went from a divorced single mom to CEO of Bitget, a top 5 crypto exchange doing $20B in daily volume with 25 million users. THE SHIFT NEWSLETTER💡Go beyond the mic - subscribe to The Shift, my new weekly newsletter where I share the uncut stories, raw takes, and behind-the-scenes notes from When Shift Happens: https://www.kevinfollonier.com/crypto-web3-newsletter___________PARTNERS🚀 Jupiter is the most used Decentralized Exchange in Crypto and the largest DEX by volume on Solana: https://jup.ag/💳 KAST lets you manage and spend stablecoins or crypto with a Visa Card or Apple Pay. Live in 100+ countries: https://go.kast.xyz/VqVO/SHIFT🔓 Trezor offers the safest cold-storage wallets for crypto and true financial independence. Buy with 10% off (promo code in video): https://trezor.io/?transaction_id=102...🌱 Bitwise Asset Management manages $15B+ across 30+ crypto investment products — ETFs, index funds, alpha, staking, and more. https://bitwiseinvestments.com/⚖️ Ethena is a synthetic dollar protocol on Ethereum, offering a crypto-native, non-bank-dependent stablecoin called USDe. It uses a delta-neutral hedging strategy with staked ETH to maintain a $1 peg. https://ethena.fi/🔒Sumsub is the leading full-cycle verification platform for the crypto industry, chosen by 8 out of 10 of the world’s largest exchanges. From instant KYC and KYB to automated crypto transaction monitoring, they help VASPs, exchanges, and DeFi platforms prevent fraud, stay compliant, and scale globally. https://sumsub.com/💧 Sui is a next-gen Layer 1 making digital asset ownership fast, private, and secure. https://sui.io/♾️ Coinsilium provides vital funding and expert advice to Web3 and AI-powered early-stage technology companies. https://www.coinsilium.com___________Follow Gracy Chen• Twitter: https://x.com/GracyBitget• Twitter: https://x.com/bitget• Website: https://linktr.ee/bitgetofficialsFOLLOW WHEN SHIFT HAPPENSTwitter (X): https://x.com/KevinWSHPod Instagram: https://www.instagram.com/kevinfollonier_ Linkedin: https://www.linkedin.com/in/kevinfollonier/Website: https://kevinfollonier.com/DISCLAIMERThe info contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal, or tax advice. The content of this video is solely the opinions of the speakers who are not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speakers do not guarantee any particular outcome.0:00 Introduction1:34 Please Subscribe2:00 The Only Bad Experience With When Shift Happens3:47 Gracy’s T-Shirt & Where It Came From4:37 How Do We Motivate More Women To Join The Crypto Space6:13 Bitget’s Overall Work Environment Explained7:06 How Gracy Manages 2,200 Remote Workers10:09 Partnerships: @JupiterExchange @KASTxyz10:50 Who Is Gracy Chen?13:04 Where Does Gracy’s Fire In The Belly Come From?15:01 Why Is It Necessary To Go To The Best Schools 22:23 Why Gracy Left Acumulus?23:45 The Hardest Part About Building A Business28:52 Partnerships: @Ethena @sumsub41:36 What Is Bitget, Explained Simply?43:55 Gracy’s Breakdown Of Bitget’s Numbers45:09 How Bitget Got Over 40% Of Its Management Team To Be Female46:48 Where Women Excel In Terms Of Business Management Practice50:45 Where Do Men Excel In Business Management Practice52:20 Partnerships: @Trezor @BitwiseInvest @SuiNetwork53:17 What Are Gracy’s KPIs As The CEO Of Bitget?56:45 How Bitget Is Growing The Pie To Continue Expanding1:03:40 What’s The Endgame For Bitget?1:05:49 Why Can Anyone Become A CEO?1:09:28 Running A 2,200 Employee Company While Taking Care Of A Kid, How?1:11:22 How Has Bitget Evolved Since Gracy Joined In 20221:17:12 What The Voice In Gracy’s Head Tells Her In The Morning & Evening1:20:05 One Thing Gracy’s Learned That You Can Take With You 1:24:31 Closing Thoughts

April 2, 2026Episode 1651 hr 23 min

E165: Backpack CEO: How I Survived Crypto's Biggest Collapse, Then Built a $420B Exchange

Armani Ferrante is the Founder and CEO of Backpack, a regulated global crypto exchange with over $420 billion in trading volume and one of the leading builders in the Solana ecosystem.THE SHIFT NEWSLETTER💡Go beyond the mic - subscribe to The Shift, my new weekly newsletter where I share the uncut stories, raw takes, and behind-the-scenes notes from When Shift Happens: https://www.kevinfollonier.com/crypto-web3-newsletter___________PARTNERS🚀 Jupiter is the most used Decentralized Exchange in Crypto and the largest DEX by volume on Solana: https://jup.ag/💳 KAST lets you manage and spend stablecoins or crypto with a Visa Card or Apple Pay. Live in 100+ countries: https://go.kast.xyz/VqVO/SHIFT🔓 Trezor offers the safest cold-storage wallets for crypto and true financial independence. Buy with 10% off (promo code in video): https://trezor.io/?transaction_id=102...🌱 Bitwise Asset Management manages $15B+ across 30+ crypto investment products — ETFs, index funds, alpha, staking, and more. https://bitwiseinvestments.com/⚖️ Ethena is a synthetic dollar protocol on Ethereum, offering a crypto-native, non-bank-dependent stablecoin called USDe. It uses a delta-neutral hedging strategy with staked ETH to maintain a $1 peg. https://ethena.fi/🔒Sumsub is the leading full-cycle verification platform for the crypto industry, chosen by 8 out of 10 of the world’s largest exchanges. From instant KYC and KYB to automated crypto transaction monitoring, they help VASPs, exchanges, and DeFi platforms prevent fraud, stay compliant, and scale globally. https://sumsub.com/💧 Sui is a next-gen Layer 1 making digital asset ownership fast, private, and secure. https://sui.io/♾️ Coinsilium provides vital funding and expert advice to Web3 and AI-powered early-stage technology companies. https://www.coinsilium.com___________Follow Armani Ferrante• Twitter: https://x.com/armaniferrante• Twitter: https://x.com/Backpack• Website: https://backpack.exchange/FOLLOW WHEN SHIFT HAPPENSTwitter (X): https://x.com/KevinWSHPod Instagram: https://www.instagram.com/kevinfollonier_ TikTok: https://www.tiktok.com/@kevinfollonier_Linkedin: https://www.linkedin.com/in/kevinfollonier/Website: https://kevinfollonier.com/DISCLAIMERThe info contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal, or tax advice. The content of this video is solely the opinions of the speakers who are not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speakers do not guarantee any particular outcome.0:00 Introduction1:32 Please Subscribe1:56 Michelle Fuko & Her Philosophical View On The Panopticon Metaphor5:25 Armani’s Answer To This Philosophical View In Regards To Crypto7:50 Who Is Armani Ferrante?8:39 Partnerships: @JupiterExchange @KASTxyz9:19 Where Armani’s Chip On The Shoulder Comes From10:43 Getting Hired Twice At Alameda Research Twice Explained13:46 Being Able To Work On Early Solana Projects14:43 Why Instead Of Going To FTX Did Armani Go & Build His Own Exchange?18:26 Was There Ever Any FOMO From Not Joining FTX?23:32 Partnerships: @Ethena @sumsub24:34 How Armani & Backpack Got Affected By The FTX Collapse36:25 What’s The TLDR On The MadLad Story42:03 How Important Was The MadLad Story For Backpack?43:40 Armani’s Deepest Belief On What Crypto Should Be51:59 Partnerships: @Trezor @BitwiseInvest @SuiNetwork52:55 Explain Backpack To Your Uber Driver57:36 Most Of Crypto Is Currently A Test Bed1:04:15 Percentage Of People Think They Own Shares From Huge Companies But Really Don’t1:06:41 What Unified Margin Accounts Solve & Why You Should Care1:15:20 Why Armani Left Sunny California For Tokyo Japan1:17:18 Why These Huge Exchanges Don’t Exist In Japan1:18:43 How Did Backpack Acquire Licenses At A fraction Of The Cost Compared To FTX1:21:53 Closing Thoughts