The Breakdown

A daily analysis of macroeconomics, bitcoin, geopolitics and big picture power shifts, hosted by Nathaniel Whittemore @nlw. The Breakdown is part of Blockworks.

Business
Investing
1176
Stablecoins in the Hot Seat: Powell Calls Bitco...
Three major moments over the last couple days help provide insight into the future of the U.S. government’s relationship with bitcoin, stablecoins and digital currencies.  The first was Federal Reserve Chair Jerome Powell’s comments on...
19 min
1177
When Currencies Fail: ‘Bitcoin’ Google Searches...
Today on the Brief: Nigeria central bank reversing stance on crypto ban?  “The least responsible fiscal policy of the last 40 years” Scaramucci’s firm files fifth bitcoin ETF application Our main discussion: the crash of the Turkish lira....
14 min
1178
Hal Finney’s ‘Bitcoin and Me’
On this edition of “Long Reads Sunday,” NLW reads a BitcoinTalk forum from exactly eight years ago - Hal Finney’s “.” The piece is about the origins of Bitcoin, and more broadly, life’s treasures. -- Earn up to 12% APY on Bitcoin,...
8 min
1179
Why Kentucky Is Trying to Become a Crypto Minin...
On this week’s Breakdown Weekly Recap, NLW looks at: The beginning of the next institutional bitcoin wave NFT bubble signals Central bank policy changes Kentucky’s new pro-crypto legislation -- Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR,...
9 min
1180
How CBDCs Give ‘Absolute Control’ to Central Banks
Today on the Brief: China-U.S. talks U.S. spending coming back A virtual casino hiring IRL people  Our main discussion looks at central bank digital currencies and why they’re so appealing for bankers, especially compared to cash. NLW...
15 min
1181
Why a Norwegian Billionaire Is Betting on Bitco...
Today on the Brief Followup on the FOMC meeting $3.1M for an anonymous team Could we finally see a bitcoin ETF?  Our main discussion: Aker ASA’s new Seetee bitcoin division. NLW explores: Why a Norwegian billionaire is buying into bitcoin...
15 min
1182
Morgan Stanley Is First Big Bank Offering Bitco...
Today on the Brief: What markets want from the Federal Reserve’s FOMC meeting eToro’s $10B SPAC The latest on Coinbase’s IPO Our main discussion: Morgan Stanley set to become the first big bank to offer wealthy clients access to bitcoin. ...
12 min
1183
Ray Dalio on Dumb Dollar Debt, Bitcoin Controls...
Today on The Breakdown, NLW reviews Ray Dalio’s latest essay, looking at: The six reasons why it doesn’t make sense to hold bonds anymore Why holding bonds is especially troubling in the concept of growing government money printing Why sovereign...
20 min
1184
Survey: Americans Could Spend Up to $40B in Sti...
Today on the Brief: Bitcoin’s $60,000 weekend price brings out the angry bears India’s mixed signals on a crypto ban Tesla’s new Master of Coin Our main discussion:  A new $1.9 trillion stimulus package is on the books, of which about...
15 min
1185
The Case for $1M Bitcoin
On this week’s “Long Reads Sunday,” NLW reads Layered Money author Nik Bhatia’s recent essay for CoinDesk, “Why $1 Million Bitcoin Is Coming” -- Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Get started at...
11 min
1186
Is This the Beginning of the Next Institutional...
On The Breakdown’s “Weekly Recap,” NLW looks at news of institutional involvement in the bitcoin and digital asset space including: New York Life investing in and joining the board of directors of NYDIG JPMorgan introducing a “cryptocurrency...
9 min
1187
What the $1.9T Stimulus Means for Bitcoin
COVID-19 sent the money printer into overdrive. With the newly signed $1.9 trillion stimulus bill, the total spent on pandemic relief in the U.S. exceeds $6 trillion, more than WWII’s inflation-adjusted $4.1 trillion.  In this episode, NLW...
13 min
1188
A Beeple Artwork Just Sold for $69M: NFT Bubble...
Everyone paying attention knew that Beeple’s Christie’s auction was likely going to set a new high water mark for NFT sales. Fewer would have guessed that it would lead to the third-highest auction price for a living artist in history.  On...
15 min
1189
Why the CEO of New York Life Just Joined the Bo...
Today on The Breakdown, NLW catches up on the news from the past few days, looking at: NFTs heating up – and capturing some negative attention in the process Infrastructure acquisitions and M&A heat up Eliminate Barriers to Innovation Act 2021...
17 min
1190
The World’s Most Important Geopolitical Fault L...
On today’s episode, NLW is joined by investor and FinTwit star Tracy Shuchart. On the show, they discuss: The world’s most important geopolitical fault lines, from the Middle East to China The early indicators from the Biden administration around...
47 min
1191
No, the Digital Dollar Won't Kill Bitcoin
On today’s episode, NLW provides a 101-style overview of central bank digital currencies, looking at: Why governments are interested in CBDCs Why Facebook’s libra announcement accelerated CBDC development the world over Why China’s CBDC efforts...
14 min
1192
What Governments Should Do in the Coming Global...
On today’s episode, NLW reads Balaji Srinivasan’s essay “.” NLW argues that while India’s proposed crypto ban is nominally the focus, the implications are much bigger and have to do with a forthcoming global monetary competition that will...
30 min
1193
22% of Goldman Sachs Wealthiest Clients Think B...
On this edition of The Breakdown’s weekly recap, NLW looks at: Whether bitcoin is being caught up in the larger macro volatility The latest NFT shenanigans including a burned IRL Banksy The latest on institutional adoption including a positive...
11 min
1194
Macro 101: Bonds, the Fed and Money Printing, F...
What are Treasury bonds? Why does it matter how they’re doing? Does the Federal Reserve actually print money? What’s the difference between quantitative easing and yield curve control?  Bitcoin undeniably operates in a macro environment. In...
51 min
1195
Bitcoin Isn't Acting Like Stocks, Stocks Are Ac...
Over the last year there has been a growing correlation between the stock market and bitcoin. Some of this is attributed to the new traditional participants in bitcoin. Some of it is attributed to bitcoin acting less like an uncorrelated hedge and...
15 min
1196
Are You Really Surprised Elizabeth Warren Doesn...
Today on the Brief: PayPal acquiring Curv for $500 million? Traditional markets are very confused Portnoy launches Buzz exchange-traded fund Our main discussion: NLW looks at the emerging political landscape for crypto in the U.S. Specifically, he...
14 min
1197
Are NFTs Just This Cycle’s ICOs?
On today’s episode, NLW looks at the explosion of interest in NFTs. Big money, big names, big problems?  He asks whether non-fungible tokens are this cycle’s initial coin offerings by looking at five different comparison points: Inflated...
18 min
1198
Why Citi Thinks Bitcoin Is at a Tipping Point
Today on the Brief: Michael Saylor bought the dip China bans bitcoin mining in Inner Mongolia WallStreetBets moving off Reddit?  Our main discussion: Citi’s analysis of bitcoin.  February saw a non-stop barrage of bullish bitcoin news...
14 min
1199
Governments Couldn’t Ban Bitcoin Even if They W...
Today on “Long Reads Sunday,” NLW reads “” by Alex Gladstein, published recently by Quillette. Gladstein argues that both technical and legal attacks on bitcoin are extremely difficult to execute, even for large governments.  -- Earn up...
20 min
1200
Are Beeple's $6.6M Sale and Christie's Auction ...
This week on the Weekly Recap, NLW discusses: The price dip Tether’s settlement with the NYAG Coinbase’s S1 Filings Beeple’s record-setting NFT sales and what it means for the NFT space as a whole  -- Earn up to 12% APY on Bitcoin,...
10 min