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
1426
Bitcoin Is Digital Social Justice, feat. Tyrone...
The wealth adviser and CEO of Onramp Invest discusses why the Federal Reserve continues to ignore its role in income inequality and what the bitcoin community can do to be a force for positive change. Find our guest online: Enjoying this content?...
20 min
1427
The Most Important Bitcoin Infrastructure Devel...
Alyse Killeen is the founder and managing partner of StillMark, and has been investing in bitcoin companies since 2013. While much of the conversation this year has been about high level narratives and new institutional investors, Alyse breaks down...
20 min
1428
What 2020 Taught Us About the ‘Dollar Milkshake...
Brent Johnson is an investor at Santiago Capital and the creator of the well-known “Dollar Milkshake Theory.” In this conversation with NLW, he discusses what 2020 taught us about the state of the dollar around the world. Find our guest online: ...
22 min
1429
The Devastation of Main Street Business, feat. ...
Daniel Lacalle is the chief economist for Tressis SV and a well-known economics personality. In this conversation with NLW he discusses the devastation of small businesses in America and around the world and why the recovery could be less even than...
21 min
1430
Bitcoin, Bank Coins and Bonds, feat. George Gon...
George Goncalves has been a macro analyst specializing in bonds for more than 20 years. In this conversation, he and NLW discuss the story bonds are telling the market and why central bank digital currencies are likely to have an important part of the...
23 min
1431
Sound Money vs. the Great Reset, feat. Mark Moss
Mark Moss is the host of a fast-growing and covering economics, bitcoin and more. In this conversation, he discusses why gold, bitcoin and sound money have become even more important in the context of central bank printing gone wild. Find our guest...
24 min
1432
Central Banks Gone Wild! Feat. Bill Barhydt
Bill Baryhdt is the CEO of Abra, a mobile crypto banking app. In this discussion with NLW, Bill talks about the year in bitcoin and why the mass expansion of central bank balance sheets was the most important economic story of the year. Find our guest...
24 min
1433
The View on Bitcoin From Inside Fidelity Digita...
Ria Bhutoria is the director of research at Fidelity Digital Assets. In this conversation she gives listeners a look at how one of the most important institutional players in the space has viewed the evolution of bitcoin over the past year. Find our...
25 min
1434
‘Bitcoin and Ethereum Have Gone Completely Sepa...
Bully Esquire is a Crypto Twitter personality, lawyer, founder of AlphaMarkets and host of the “Bully Esquire” podcast. In this conversation, he and NLW discuss what was good and bad about the DeFi boom of 2020 and more. Find our guest online:
22 min
1435
Why 2020 Unlocked a New Generation of Investors...
No one would have expected an economic crisis to bring a new generation of investors to the table, but that's exactly what it did.
25 min
1436
Hacking Humanity With Bitcoin, feat. Max Keiser...
Max Keiser and Stacy Herbert are one of bitcoin's most dynamic duos, producing a variety of content, including the Orange Pill podcast. In this discussion with NLW, they talk about why this year was transformational in terms of how people view the...
26 min
1437
Raoul Pal on the Coming Transformation of Monet...
Raoul Pal is the founder and CEO of Global Macro Investor and Real Vision and one of the leading voices in modern macroeconomic discussions. In this conversation, he and NLW discuss bitcoin's monster 2020, how DeFi compares to ICOs, and why we should...
25 min
1438
Why Bitcoin and Rehypothecation Don’t Mix
On this week’s Long Reads Sunday, NLW starts with the latest essay by Jeffrey Snider, “” and then with Caitlin Long’s , putting the discussion of rehypothecation in the bitcoin context. 
21 min
1439
Preston Pysh on Why Currencies Fail [Encore]
On March 12, as the U.S. government struggled to wrap its head around the emerging COVID-19 pandemic and markets floundered, bitcoin had one of its worst days in history, crashing by thousands of dollars and even hitting below $4,000 on some...
65 min
1440
Balaji Srinivasan on Communist Capital vs. Woke...
is an angel investor and entrepreneur, the former CTO of Coinbase, a former General Partner at Andressen Horowitz and more.  In this wide-ranging conversation with NLW, he discusses: How networks are taking a power role once reserved for god and...
75 min
1441
The CIO of $230B Guggenheim Just Called for $40...
With so much focus on bitcoin’s record-setting price run, a number of huge (and hugely bullish) stories have gotten comparatively short shrift. In this episode, NLW looks at: Ruffer LLP’s $744 million bitcoin buy Hedge Funder Alan Howard and One...
11 min
1442
Why $20,000 Bitcoin Matters
After weeks of flirting with all-time highs, bitcoin has broken through the most significant psychological barrier: $20,000.  In today’s episode of The Breakdown, NLW looks at why the moment is so significant, arguing: Bitcoin is an incentive...
13 min
1443
Will Wall Street Ruin Bitcoin? Featuring Ben Hu...
Ben Hunt is the founder of Second Foundation Partners and lead author of Epsilon Theory. Alex Gladstein is the chief strategy officer at the Human Rights Foundation.  In this conversation, they discuss one of the most important burgeoning topics...
81 min
1444
JPMorgan Discusses $600B in Potential New Bitco...
Today on the Brief: First COVID-19 vaccines roll out in the U.S.  Are IPOs the new ICOs? U.S. Treasury and other federal departments hacked  Our main discussion: A massive new category of bitcoin demand?  Last week, when MassMutual...
14 min
1445
How Much Debt Can a Country Handle?
This week’s edition of Long Reads Sunday is a reading of “” by Raghuram Rajan on Project Syndicate. In it, the author explores the shifting conventional wisdom on national debt and worries that countries may reach their limit far earlier than...
11 min
1446
The Bitcoin Banking Battle Heats Up
On this edition of the weekly recap, NLW looks at the brewing battle to be the bitcoin and crypto bank of the future. He looks at three stories reporting banks getting into crypto (BBVA, Standard Chartered and DBS) as well as crypto companies applying...
10 min
1447
Why a Massive 169-Year-Old Insurance Company Ju...
Today on the Brief: FDA panel recommends Pfizer vaccine approval as initial jobless claims soar Antitrust lawsuit calls for Facebook breakup Crypto-friendly CFTC chairman to resign at the beginning of the year Our main discussion: Why MassMutual...
14 min
1448
SEC Commissioner Hester Peirce on a Bitcoin ETF...
Hester Peirce is a commissioner at the Securities Exchange Commission, sworn in for her second term in August.  Sometimes referred to as “Crypto Mom,” Peirce has been a fierce advocate for the industry in a regulatory context that hasn’t...
20 min
1449
The Most Important Trends and People Shaping Cr...
What were the most important trends? Who were the most important people? Was it the year of Bitcoin Macro, the year of DeFi or both? Ryan Selkis is the founder and CEO of Messari. Each year he puts together a massive “” report that looks at the...
62 min
1450
MicroStrategy Is Raising Another $400M to Buy BTC
Today on the Brief: BBVA set to offer crypto trading and custody Wells Fargo discusses bitcoin in recent investor memo Square launches Bitcoin Clean Energy Initiative with $10 million  Our main discussion: Michael Saylor is back at it. ...
17 min