Unchained

A former Clinton and Biden foreign policy advisor saw it before it happened. Now the question is what investors do next.

Hours after this episode was recorded, the United States and Israel launched a coordinated military campaign against Iran, killing Ayatollah Ali Khamenei in what analysts are calling the most significant U.S.-Iran escalation in decades.

Charles Myers, Founder and CEO of Signum Global Advisors and a former senior foreign policy advisor to Hillary Clinton and Joe Biden, had just sat down with Steven Ehrlich to discuss the geopolitical landscape and what it means for investors. 

What he said about Iran during that conversation is now raising serious questions about what comes next, and the investment implications are far from settled.

In this episode, Myers also addresses whether the "sell America" trade is overdone, where oil is heading, the future of AI funding, and whether Bitcoin can actually function as a safe haven when the world is on fire.

Hosts:


⁠Steven Ehrlich⁠, Host of Bits + Bips: The Interview

Guests:

⁠Charles Myers, Founder and CEO, Signum Global Advisors

Links:

Iran strike / military action:

US strikes Iran — https://www.cnn.com/world/live-news/israel-iran-attack-02-28-26-hnk-intl 

US-Iran nuclear talks — https://www.nbcnews.com/world/iran/us-iran-nuclear-talks-trump-military-buildup-attack-missiles-rcna260764 

Largest US military buildup in the Middle East since the early 2000s — https://www.militarytimes.com/news/your-military/2026/02/26/us-military-assembles-largest-force-of-warships-aircraft-in-middle-east-in-decades/ 

Oil markets:

Oil prices surge after Iran strike — https://www.cnbc.com/2026/02/28/iran-us-attack-oil-market-economy.html 

Trump’s energy strategy: targeting oil in the low $50s — https://www.axios.com/2026/02/28/us-iran-attack-energy-oil-prices 

Sell America / US safe haven:

Global investors question US safe haven status — https://www.cnbc.com/2026/02/28/markets-brace-for-impact-following-us-military-strikes-against-iran.html 

The “Sell America” trade, explained — https://www.bloomberg.com/news/articles/2026-02-02/sell-america-trade-why-investors-are-questioning-us-assets 

Venezuela / Monroe Doctrine:

Maduro government and the US oil deal — https://www.cnbc.com/2026/01/05/maduro-overthrow-could-pave-the-way-for-us-oil-companies-to-recover-venezuela-assets.html 

The return of the Monroe Doctrine under Trump — https://www.cfr.org/articles/oil-power-and-the-climate-stakes-of-the-u-s-move-in-venezuela 

OpenAI / AI:

OpenAI raises $110 billion — https://www.cnbc.com/2026/02/27/open-ai-funding-round-amazon.html 

Stargate: OpenAI and SoftBank’s AI moonshot — https://openai.com/index/announcing-the-stargate-project/

Prediction Markets:

Polymarket Iran strike odds — https://polymarket.com 

Insider trading on Polymarket: the Maduro bet — https://en.wikipedia.org/wiki/2026_United_States_strikes_in_Venezuela 

Stablecoins / GENIUS Act:

The GENIUS Act and stablecoin regulation — https://www.gibsondunn.com/the-genius-act-a-new-era-of-stablecoin-regulation/
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As miners approach historical stress zones, Bitcoin’s correlation with tech stocks is hitting at the worst possible moment. Enter AI.

Thank you to our sponsor Crypto Tax Girl!

Public mining companies are once again approaching breakeven territory, a zone that in prior cycles preceded forced selling and capitulation. But unlike past downturns, balance sheets today are cleaner, leverage is lower, and many operators are pivoting toward AI data center hosting as a structural offramp.

At the same time, Bitcoin has been trading alongside frontier technology stocks. That correlation is resurfacing at precisely the wrong moment, as growth equities face renewed pressure. If growth portfolios were the marginal buyers during the rally, they may now be the marginal sellers.

In this episode, Steven Ehrlich speaks first with John Todaro about miner economics, hash rate dynamics, and whether another round of selling could emerge if Bitcoin remains near breakeven levels. Then Zach Pandl joins to examine Bitcoin’s correlation with tech stocks, the mechanics behind recent gold volatility, and why the next phase for crypto may be driven by differentiation rather than broad beta.

Hosts:


Steven Ehrlich, Host of Bits + Bips: The Interview

Guests:


Zach Pandl, Head of Research at Grayscale


John Todaro, Managing Director, Crypto & HPC/AI Equity Research at Needham & Company

Links:

Bitcoin Miner Danger Zone


Major Bitcoin Miners Face Shutdown Risk If BTC Falls Below $70,000

Miner Pivot to AI


America’s Biggest Bitcoin Miners Are Pivoting to AI

The Tech Selloff


Wall Street’s Anything-But-Tech Trade Shakes Up US Stock Market

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MegaETH's Namik Muduroglu joins the Uneasy Money crew to discuss how the industry can fix token incentives, the continued escalation of the Aave civil war and more.

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An article from Boost CEO Brian Flynn sparks conversation about whether tokens are dead. The Aave civil war continues to escalate. China is trying to reverse engineer Claude even as Anthropic faces off against the U.S. government.

In this episode of Uneasy Money, hosts Kain Warwick and Taylor Monahan are joined by MegaETH founding team member Namik Muduroglu to discuss how to fix token incentives, whether there is a happy ending in sight for Aave. 

They also discuss the geopolitical risks that come with AI and the technology's rapid rate of advancement. Is the Singularity already out of our hands?

Plus, ZachXBT's teased announcement and Ethereum's “strawmap.”

Don't miss Kain's plan to fuse Claude with his Unitree dog and why Namik is a closet AI doomer.

Hosts:


⁠⁠Kain Warwick⁠⁠, Founder of Infinex and Synthetix


⁠⁠Taylor Monahan⁠⁠, Security Expert

Guest:


⁠Namik Muduroglu, CSO & Founding Team at MegaETH

Links:


Unchained:


⁠Uneasy Money: Why Token Holders Have No Rights & Why Every DAO ‘Has Failed’


⁠Why MegaETH Is Delaying Its Token and Rejecting Credible Neutrality


⁠Aave Governance Fight Escalates Ahead of $51 Million Funding Vote


How Aave Labs and the DAO Should Split Ownership of the Brand – Uneasy Money


Uneasy Money: Why Peter Steinberger and Non-Crypto People Hate the Crypto Mob


⁠Ethereum Researchers Outline Seven Forks Through 2029 in New “Strawmap”

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Tushar Jain and Mike Ippolito make the bull case for Solana as competition heats up.

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With Ethereum refocusing on L1 and Hyperliquid adoption growing, Solana is arguably facing stronger competition than ever. Can it thrive still?

Multicoin co-founder Tushar Jain and Blockworks co-founder Mike Ippolito share several reasons to be excited about Solana, including Alpenglow and anticipated market microstructure design flexibility.

Find out why Tushar and Mike say Firedancer has not been a flop despite seemingly low adoption, why they don't see block building issues stopping Solana from challenging Hyperliquid, and why they say the network doesn't have to do anything to specifically attract AI agents. Plus, why they both believe that the RWA race is too early to call despite Ethereum's dominance.

Meanwhile, with Alpenglow still months away, Mike says the wait doesn’t matter — for the next 12 to 18 months BD and marketing matter more than tech for adoption.

#UN1047

Guest:


Tushar Jain, Co-Founder & Managing Partner at Multicoin Capital


Previous appearances on Unchained:


Solana Rejected Inflation Reduction-Here's Why


CoinFund's Jake Brukhman and Multicoin's Tushar Jain on Generalized Mining 


Binance Hack: Should the Threat of Reorgs Be Used to Deter Hackers?


Multicoin on the 1 Thing Crypto Teams Miss in Their Quests for Success


Mike Ippolito, Co-Founder at Blockworks

Links:


Unchained:


Ethereum Lets Go of the Rollup Story. Here Are the 6 Tokens That Benefit


Jump Crypto’s Firedancer Goes Live on Solana Mainnet


BlackRock Just Chose Uniswap. The Market Didn’t Care. Here’s Why.


When AI Agents Take Over, What Does a Post-Human Economy Look Like?


Uneasy Money: How the Increasingly Better AI Agents Are Being Used Onchain


Pump.fun Cashed Out $436M Since Mid-October: Lookonchain


Zora Shocks Base Community With Solana Pivot

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Robinhood's Coy Garrison and Seong Seog Lee join the crew to unpack the Robinhood Chain launch strategy.

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Robinhood's proposed chain for the trading of tokenized assets is live in testnet.

In this DEX in the City episode, Coy Garrison, Robinhood's deputy general counsel on crypto, and Robinhood Crypto Head of Product Seong Seog Lee walk hosts Katherine Kirkpatrick Bos and Jessi Brooks through the thinking behind the blockchain's testnet launch and why it is important that it supports tokenized equities out of the gate.

Beyond the Robinhood Chain testnet launch, KK and Jessi discuss OpenAI and Paradigm's EVMbench tool and why it highlights the need for a safety-first approach. “AI and crypto are in the same room now, but the room's sort of on fire,” Jessi says.

Don't miss how a man accidentally gained remote access to 7,000 robot vacuums in 24 countries with AI-written code.

KK and Jessi also dig into the Terraform Labs estate's lawsuit against Jane Street. Is there any real credibility behind the lawsuit? Listen to find out!

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Hosts:


⁠⁠Jessi Brooks⁠⁠, General Counsel at Ribbit Capital


⁠Katherine Kirkpatrick Bos⁠, General Counsel at StarkWare

Guests:


⁠⁠⁠Coy Garrison, Senior Director and Deputy General Counsel, Crypto at Robinhood


⁠⁠Seong Seog Lee, Head of Product at Robinhood Crypto

Links:


Unchained:


Robinhood Pushes Deeper Into Tokenization With Layer 2 Testnet Launch


Inside Robinhood’s Big Super App Plan: ‘There’s Still a Lot of Work to Be Done’


OpenAI and Paradigm Launch EVMbench to Stress Test AI on Smart Contract Security


Uneasy Money: How the Increasingly Better AI Agents Are Being Used Onchain


When AI Agents Take Over, What Does a Post-Human Economy Look Like?


Terraform Estate Targets Jane Street in Explosive Terra Collapse Lawsuit


DeFi Platforms Could Get ‘Innovation Exemption,’ SEC Chair Says


SEC Quietly Eases Capital Rules for Stablecoins

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