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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1551
Another Pro-Crypto Appointment in the Biden Adm...
On this edition of the Weekly Recap, NLW argues that while bitcoin’s price was the short-term story of the week, the medium-term story was all about the transition of power in the U.S. to the new Biden Administration. In it, he discusses what the...
11 min
1552
This Bitcoin Dip Was Not Caused by FUD
Today on the Brief: Home sales up, home supply down Biden’s first test on the stimulus Euro pessimism  Our main discussion: Why the bitcoin dip wasn’t caused by FUD.  Anyone paying attention this week had reasons for frenetic worry....
14 min
1553
Why the World's Largest Asset Manager Is Gettin...
Today on the Brief: A new SPAC exchange-traded fund with bitcoin-experienced leadership First look at Brian Brooks’ possible replacement at OCC What to expect from institutional bitcoin price targets in the coming weeks Our main discussion:...
13 min
1554
Is Janet Yellen Bitcoin's Biggest Enemy or Grea...
Today on the Brief: Jack Ma is not dead The latest in crypto M&A Deutsche Bank survey sites bitcoin as biggest bubble Our main discussion: Yellen’s impact on bitcoin and digital assets In this episode, NLW breaks down the cryptocurrency FUD...
21 min
1555
Goldman Sachs Can No Longer Dismiss Bitcoin
Today on the Brief:  Gary Gensler is officially Biden’s pick for SEC chairman Investors are betting against the U.S. dollar Grayscale has best day ever with $700 million in investment Ethereum reaches new all-time high  Our main...
15 min
1556
Lyn Alden on Why the Dollar System No Longer Se...
This is an encore presentation of NLW’s first interview with macro analyst Lyn Alden, from May 2020. In it, they discuss: Why we’re at the end of a strong dollar cycle Why the Federal Reserve is terrified of the global dollar shortage The...
59 min
1557
‘America and Sound Money,’ the Most Important B...
This week’s Long Reads Sunday is a reading of the “” by Ross Stevens, CEO and co-founder of Stone Ridge Asset Management, discussing the history of America, sound money and Stevens’ bitcoin “aha” moment. 
35 min
1558
Crashes, Rallies and Stimulus: A Normal Week fo...
On “The Breakdown’s” Weekly Recap, NLW argues that this week is exemplary of a set of trends that will define 2021, including: Market volatility Macro tailwinds  Convergence of crypto and traditional finance Regulatory battles and...
9 min
1559
Will Mayor Suarez's Miami Be the First Major Ci...
Today on the Brief: Initial jobless claims grow the most since March Biden unveils emergency relief plan Fed Chair Powell discusses CBDCs and stablecoins Our main discussion: Is Miami about to put 1% of its treasury into bitcoin?  Since...
17 min
1560
The Definitive Breakdown of All Bitcoin FUD, Wi...
On today’s episode of The Breakdown, NLW is joined by Dan Held, growth lead at Kraken and a serial bitcoin entrepreneur.  As the market heats up, so, too, does the number of articles and tweets spreading FUD (fear, uncertainty and doubt). Some...
46 min
1561
A New SEC Chair Who Actually Understands Bitcoi...
Today on the Brief: Visa drops $5.3B Plaid acquisition after DOJ antitrust suit ECB President Christine Lagarde discusses bitcoin and digital euro  Acting OCC chief Brian Brooks to step down this week  Our main discussion: Gary Gensler...
14 min
1562
Is China Poised to Nationalize Alibaba?
Today on the Brief: Whales accumulated during yesterday’s crash  Kentucky legislators introduce bill to attract crypto miners UBS lowers the threshold for charging savers because of negative interest rates Our main discussion: What China’s...
18 min
1563
Did This Bitcoin Cycle’s FUD Phase Just Begin?
Today on the brief: Trump ejected from social media  Bakkt confirms plans to go public via SPAC NYDIG buys Digital Assets Data Our main discussion: Are we at the beginning of a new FUD cycle?  In this episode, NLW looks at: What happened...
16 min
1564
Why I Changed My Mind on Bitcoin
On this week’s Long Reads Sunday, NLW reads two pieces from former bitcoin skeptics who have changed their mind about the asset.  “” by Ed van der Walt  “” by Nick Maggiulli, COO of Ritholtz Wealth Management   -- Earn up to...
12 min
1565
Was This The Craziest Week in Bitcoin History?
On this edition of The Breakdown’s weekly recap, NLW looks at what was one of the most spectacular and surprising weeks in bitcoin and crypto history. Specifically, he discusses: Price action Macro tailwinds Regulatory shifts in surprise guidance...
10 min
1566
BRRR: Biden Readies a New $3T Stimulus Package
Today on the Brief: U.S. loses 140,000 jobs in December Chamath’s SoFi SPAC A SPAC for Bakkt Our main discussion: upcoming stimulus plans  As the dust (finally? sort of?) settles on elections that began last year, the Democrats are looking to...
12 min
1567
Can Bitcoin Just Keep Going Up?
Today on the Brief: U.S. President Trump signs order banning Chinese apps Initial jobless claims hold steady at 787,000 Elon Musk becomes the world’s richest person Our main discussion: Can bitcoin just keep going up?  In this episode, NLW...
15 min
1568
What Georgia’s Elections Mean for Bitcoin
Today on the Brief: ShapeShift goes full DEX Neil Young and the changing business of music China stocks delisted from NYSE Our main discussion: What are the implications of Georgia’s runoff elections for bitcoin and markets as a whole?  In...
16 min
1569
Most Important Crypto Regulation Yet? Banks Can...
Yesterday, the Office of the Comptroller of the Currency released Interpretive Letter 1174. The letter allows banks to participate as nodes in “independent node verification networks” (which you might better know as blockchain networks) as well as...
23 min
1570
Understanding Bitcoin's Blistering Rise Past $3...
The end of December was a momentous time in bitcoin’s history. Not content to clear the psychological barrier of $20,000, bitcoin’s price smashed up almost all the way to $30,000, although it would take the turn to the new year to hit that new...
13 min
1571
The Unorthodox Trades That Will Drive Value in ...
Tony Greer is a macro analyst and author of the Morning Navigator Newsletter. In this conversation, he and NLW discuss how central banks continued to kick the can down the road on debt as well as unexpected sources of strength for the economy heading...
26 min
1572
Why Bitcoin Is Bigger Than an Inflation Hedge, ...
Dan Tapiero is an investor and entrepreneur with deep experience in gold and bitcoin. In this conversation with NLW he discusses the new group of institutional investors coming into the space and why, for them, bitcoin represents much more than just a...
23 min
1573
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
1574
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
1575
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