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.


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1451
Tesla's Bitcoin Selling Shows How BTC Is More T...
Yesterday Bitcoin Twitter reacted in horror upon discovering that Tesla had sold 10% of its bitcoin. Elon has paper hands! Institutions will abandon us! The horror and scorn ran far and wide.  On today’s episode, NLW argues that: The sales...
16 min
1452
JPMorgan's Bitcoin Journey: From 'Worse Than Tu...
Today on the Brief: Sports and crypto come together WTF is going on in Turkey? Wyoming DAO law  Our main discussion: After years of CEO Jamie Dimon ragging on bitcoin, JPMorgan is reportedly set to offer a new actively managed bitcoin product....
12 min
1453
Bitcoin and the New Non-Governmental Monetary R...
For this week’s “Long Reads Sunday,” NLW reads Nik Bhatia’s latest piece: “.” He also provides more thoughts on the notion of bitcoin as a non-sovereign money and what that might mean in terms of global balances of power.  -- Earn up...
10 min
1454
2017 PTSD and the Dip That Ate Alt Season
On this edition of “The Weekly Recap,” NLW looks at the twin dips that shaped the week. He argues that one upshot is the dips may have taken the wind out of the sales of some very 2017-esque froth that threatened the entire industry.  -- Earn...
10 min
1455
What Biden's Tax Hike Has to Do With Money Prin...
Today on the Brief: Coinbase Pro to list USDT A new Bitcoin Mayor in Tennessee ETH and BTC ETF updates Our main discussion looks at President Biden’s proposed increase of the capital gains tax rate. NLW breaks down everything bitcoiners are saying...
13 min
1456
This Earth Day, Let's Reclaim the Bitcoin Energ...
Today on the Brief: Crypto M&A heats up Is ETH deflationary now? Cathie Wood is the Michael Saylor of Coinbase stock Our main discussion: Square’s Bitcoin Clean Energy Initiative and ARK Investments have teamed up to release a memo about how...
12 min
1457
ICO 2.0: How Will Big Bitcoin-Buying Institutio...
The years 2017 and 2018 were some of the frothiest, wildest times in crypto market history. Their fallout also dragged the industry down for years, leaving an unmistakable stench of scam for many.  Thus far in this market cycle, much of those...
14 min
1458
Governments Banning Bitcoin? Not So Fast as For...
As this cycle heats up, “governments will ban bitcoin” is one of the top areas of fear, uncertainty and doubt. On this episode, NLW breaks down why that FUD just doesn’t hold much weight right now, looking at: Why the examples of India, Turkey,...
16 min
1459
No, Bitcoin's Flash Crash Wasn't Caused by Turk...
In 20 minutes on Saturday night, bitcoin’s price fell by more than 12%. Crypto Twitter raced to explain it as the byproduct of hashrate crashes after Chinese miners went offline, a suspicious report about the U.S. Treasury Department going after...
19 min
1460
A Point-by-Point Rebuttal of the Most Recent Bi...
On this week’s “Long Reads Sunday,” NLW reads Nic Carter’s “,” a rebuttal of the New York Times’ recent piece on bitcoin energy consumption he says is riddled with false data and debunked sources.    -- Earn up to 12% APY on...
30 min
1461
Here Are All the Institutions That Bought Bitco...
On this edition of the “Weekly Recap,” NLW looks at three key themes: The continued institutionalization of bitcoin (and, increasingly, ethereum as well)  Warning signs of market mania in DOGE and NFT prices Global intrigue around bitcoin...
11 min
1462
Dogecoin: The Emperor of All Shitcoins and the ...
Dogecoin is on a tear. And it’s causing many mainstream media outlets to call “bubble.” On this episode, NLW breaks down DOGE as: Valueless memecoin Internet culture incarnate Dada-esque protest to a broken system  Much wow.  -- Earn...
16 min
1463
Why the Biden Administration Is Increasingly Co...
On today’s “The Breakdown,” NLW looks at an underreported story from earlier this week. There are increasingly loud whispers that officials across several agencies, including Treasury, National Security and Defense, are growing concerned with...
14 min
1464
The Definitive Guide to Coinbase Going Public
On the day of Coinbase’s historic direct listing on NASDAQ, NLW answers your most important questions about the company and its place in the industry.  How did Coinbase become successful? What is the crypto public's perception of Coinbase?...
22 min
1465
The Real Story of Inflation Right Now
There is perhaps no question more debated in macroeconomics than what sort of inflation we’re likely to see in the coming years. Many are convinced that the combination of a growing money supply, expansionary monetary policy, pent-up demand,...
15 min
1466
Coinbase Going Public Is the Bitcoin Bull Marke...
Coinbase is set to go public via direct listing on Wednesday. In today’s episode, NLW breaks down why this is the current bull market’s first big test, looking at: Mainstream narratives  Institutional liquidity  Retail...
23 min
1467
How Bitcoin Can Help Break Cycles of Poverty
This week’s edition of “Long Reads Sunday” features NLW reading Bradley Rettler’s “.” It is an argument that, far from being just a speculative tool for the already wealthy, bitcoin represents a disruptive force that can combat wealth...
11 min
1468
So, Is This a Bitcoin Supercycle or What?
On this week’s “Weekly Recap,” NLW digs into the theory of the bitcoin supercycle. Are we in the same sort of four-year, halving-driven, boom-bust cycle that has characterized bitcoin so far, or are the new institutional participants breaking us...
9 min
1469
Liberty Mutual and State Street Are the Latest ...
Today on the Brief: Crypto Climate Accord Robinhood crypto trading  The decentralization of venture capital Our main discussion: This week was absolutely chock-full of institutions getting into the bitcoin space, yet barely anyone noticed. From...
13 min
1470
Is Bitcoin a Chinese Financial Weapon? Peter Th...
Peter Thiel is nothing if not good at igniting controversy. For the last 24 hours or so, Bitcoin Twitter (and really, FinTwit and TechTwit and Politics Twitter as well) have been hotly debating his assertion in recent remarks that bitcoin had become a...
20 min
1471
$400,000 Bitcoin in 2021? The Best of Bloomberg...
Today on the Brief: Coinbase’s monster Q1 numbers 150 million evaporate from the global middle class Jamie Dimon’s shareholder letter comments on crypto Our main discussion: Bloomberg’s latest crypto outlook is out. In this episode, NLW looks...
15 min
1472
From Dinosaur Altcoins to the Kimchi Premium, 1...
On today’s episode, NLW provides a whistle stop tour of some of the most interesting and illuminating numbers from crypto and traditional markets, including: The pop in Jurassic Park altcoins Archegos fallout US vaccine distribution Outflows from...
17 min
1473
How Will the Coinbase IPO Affect Bitcoin's Price?
Today on the Brief: The 88th anniversary of Executive Order 6102 Former SEC Jay Clayton on bitcoin regulations  GBTC intends to become an ETF Our main discussion:  NLW breaks down the potential implications of the Coinbase IPO. He looks at...
16 min
1474
The Future of Bitcoin Lies with Renegades and M...
On this week’s “Long Reads Sunday,” NLW reads CoinDesk journalist Brady Dale’s “.” NLW argues this topic is even more important in the context of bitcoin institutionalization. -- Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP,...
8 min
1475
For Bitcoin and Crypto, a Week of Mainstreaming...
On this edition of “The Breakdown” Weekly Recap, NLW looks at a set of mainstream moments including: “SNL” doing a song about NFTs Visa accepting USDC on Ethereum as a native settlement currency PayPal opening crypto checkout to 29 million...
8 min